CALGARY,
AB, May 4, 2022 /CNW/ - TransAlta Renewables
Inc. ("TransAlta Renewables" or the "Company") (TSX: RNW) held its
Annual Meeting of Shareholders ("the Meeting") on May 4, 2022. The total number of common
shares represented by shareholders at the Meeting and by proxy was
200,891,383, representing 75.28 per cent of the Company's
outstanding common shares.
The following resolutions were approved by shareholders:
1.
Election of Directors
The eight director nominees were elected. The votes by
ballot were received as follows:
|
Nominee
|
Votes
For
|
Percent
|
Withheld
|
Percent
|
|
David W.
Drinkwater
|
199,802,769
|
99.70%
|
601,844
|
0.30%
|
|
Brett M.
Gellner
|
191,983,368
|
95.80%
|
8,421,245
|
4.20%
|
|
Allen R.
Hagerman
|
198,722,927
|
99.16%
|
1,681,686
|
0.84%
|
|
Georganne
Hodges
|
190,904,617
|
95.26%
|
9,499,996
|
4.74%
|
|
Kerry O'Reilly
Wilks
|
193,945,610
|
96.78%
|
6,459,003
|
3.22%
|
|
Todd J.
Stack
|
194,558,795
|
97.08%
|
5,845,818
|
2.92%
|
|
Paul H.E.
Taylor
|
192,168,510
|
95.89%
|
8,236,103
|
4.11%
|
|
Susan M.
Ward
|
198,751,597
|
99.18%
|
1,653,016
|
0.82%
|
2.
Appointment of Auditors
The appointment of Ernst & Young LLP to serve as the
independent auditors for 2022 was approved. The votes by
ballot were received as follows:
|
Votes
For
|
Percent
|
Withheld
|
Percent
|
|
200,819,289
|
99.96%
|
72,094
|
0.04%
|
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 26 wind
facilities, 13 hydroelectric facilities, eight natural gas
generation facilities, two solar facilities, one natural gas
pipeline, and one battery storage project, representing an
ownership interest of 2,968 megawatts of owned generating capacity,
located in the provinces of British
Columbia, Alberta,
Ontario, Québec, New Brunswick, the States of
Pennsylvania, New Hampshire,
Wyoming, Massachusetts, Michigan, Minnesota, Washington, North
Carolina, 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. The Company's ability to
lower its current payout ratio to within the targeted range will
depend on a number of factors, including the return to service of
the Kent Hills 1 and 2 wind facilities and the execution of
additional growth opportunities.
SOURCE TransAlta Renewables Inc