CALGARY, May 4, 2017 /CNW/ - TransAlta Renewables Inc. ("TransAlta Renewables" or the "Company") (TSX: RNW) held its Annual Meeting of Shareholders on May 4, 2017 in Calgary, Alberta.  A total of 209,503,157 Common Shares and Class B Shares, representing 83.73% of the shares outstanding, were represented in person and by proxy at the meeting.   

The following resolutions were approved by shareholders:

1.                    Election of Directors 

The six director nominees were elected by a show of hands.  Proxies were received as follows:

2.                  Appointment of Auditors

The appointment of Ernst & Young LLP to serve as the independent auditors for 2017 was approved by a show of hands.  Proxies were received as follows:

About TransAlta Renewables Inc.

TransAlta Renewables is among the largest of any publicly traded renewable independent power producers ("IPP") in Canada.  Our asset platform and economic interests are diversified in terms of geography, generation and counterparties and consist of interests in 18 wind facilities, 13 hydroelectric facilities, eight natural gas generation facilities (including one currently under construction) and one natural gas pipeline, representing an ownership interest of 2,441 MW of net generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the State of Wyoming and the State of Western Australia. Our objectives are to: (i) provide stable, consistent returns for investors through the ownership of, and investment in, highly contracted renewable and natural gas power generation and other infrastructure assets that provide stable cash flow primarily through long-term contracts with strong counterparties; (ii) pursue and capitalize on strategic growth opportunities in the renewable and natural gas power generation and other infrastructure sectors; (iii) maintain diversity in terms of geography, generation and counterparties; and (iv) pay out 80 to 85 per cent of cash available for distribution to the shareholders of the Company on an annual basis. 

SOURCE TransAlta Renewables Inc.

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