<SUBMISSION>
<ACCESSION-NUMBER>0001137171-03-000033
<TYPE>6-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20030203
<FILING-DATE>20030204
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>TRANSALTA CORP
<CIK>0001144800
<ASSIGNED-SIC>4911
<IRS-NUMBER>000000000
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>6-K
<ACT>34
<FILE-NUMBER>001-15214
<FILM-NUMBER>03537181
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>110 12TH AVE SW BOX 1900 STATION M
<STREET2>CALGARY ALBERTA T2P 2MI
<CITY>CALGARY
<STATE>A0
<ZIP>00000
<PHONE>2128948400
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>110-12TH AVENUE SW
<CITY>CALGARY ALBERTA CANADA
<STATE>A0
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k0203.htm
<DESCRIPTION>MATERIAL CHANGE REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Filed By Filing Services Canada Inc. 403-717-3898</TITLE>
<META NAME="author" CONTENT="LW">
<META NAME="date" CONTENT="02/03/2003">
</HEAD>
<BODY>
&nbsp;
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:28pt; padding:0pt; text-indent:0pt; line-height:16pt; font-size:14pt; color:#000000" align=center><B>FORM 6-K<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:28pt; padding:0pt; text-indent:0pt; line-height:16pt; font-size:14pt; color:#000000" align=center><B>Report of Foreign Private Issuer </B></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:36pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=center><B>Pursuant to Rule 13a-16 or 15d-16 <BR>
of the Securities Exchange Act of 1934</B></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:24pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000">For the month of February, 2003</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000" align=center><U>TRANSALTA CORPORATION</U></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=center>(Translation of registrant&#146;s name into English)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000" align=center><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000" align=center><U>110-12<SUP>th</SUP> Avenue S.W., Box 1900, Station
"M", Calgary, Alberta, T2P 2M1</U></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=center>(Address of principal executive offices)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=center>Form 20-F____ &nbsp;&nbsp;Form 40-F &nbsp;&nbsp;&nbsp;<U>X &nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=center>Yes ..... &nbsp;No ..X...</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding:0pt; text-indent:0pt; font-size:12pt; color:#000000">If
"Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): &nbsp;82-________ </P>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt; color:#000000" noshade size=1.333>
&nbsp;
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:-14pt; padding-left:58.5pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-18pt; line-height:14pt; font-size:12pt; color:#000000"><B>&#8226;</B></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding-left:58.5pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000"><B>&nbsp;EXHIBITS</B></P>
<TABLE style="margin-left:0pt"><TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align=left valign=top width=97.2><P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:12pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000">Exhibit 1</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align=left valign=top width=541.2><P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:12pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000">Material change report dated February 3, 2003.</P>
</TD></TR>
</TABLE>
<p style="text-indent: 0pt; line-height: 14pt; font-size: 12pt; color: #000000; margin-left: 0pt; margin-right: 0pt; margin-top: 0pt; margin-bottom: 12pt; padding: 0pt">&nbsp;</p>
<hr>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:11pt; color:#000000">&nbsp;</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000" align="center"><b>FORM
27<br>
Securities Act</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000" align="center"><b>MATERIAL
CHANGE REPORT</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000" align="center"><b>Section&nbsp;67(1)
of the Securities Act (British Columbia)<br>
Section&nbsp;146(1) of the Securities Act (Alberta)<br>
Section&nbsp;84(1) of the Securities Act (Saskatchewan)<br>
Section&nbsp;75(2) of the Securities Act (Ontario)<br>
Section&nbsp;73 of the Securities Act (Quebec)<br>
Section&nbsp;76(2) of the Securities Act (Newfoundland)</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-72pt; line-height:13pt; font-size:11pt; color:#000000"><b>Item
1</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b><u>Reporting
Issuer:</u></b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">TransAlta
Corporation ("TransAlta")<br>
110 - 12th Avenue S.W.</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">Calgary,
Alberta &nbsp;T2P 2M1</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; font-size:11pt; color:#000000"><br>
</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-72pt; line-height:13pt; font-size:11pt; color:#000000"><b>Item
2</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b><u>Date
of Material Change:</u></b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">January
29, 2003.</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-72pt; line-height:13pt; font-size:11pt; color:#000000"><b>Item
3</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b><u>News
Release:</u></b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">News
releases were issued by TransAlta on January 24, 2003 and January 29, 2003.</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-72pt; line-height:13pt; font-size:11pt; color:#000000"><b>Item
4</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b><u>Summary
of Material Change:</u></b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">On
January 29, 2003, TransAlta announced the completion of the previously announced
indirect acquisition from El Paso Merchant Energy North America Company ("El
Paso") of a 50% interest in CE Generation LLC ("CE Generation"), together with
the right to a 50% interest in a geothermal project currently under development,
for total consideration of approximately US$240 million.</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-72pt; line-height:13pt; font-size:11pt; color:#000000"><b>Item
5</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b><u>Full
Description of Material Change:</u></b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">On
January 29, 2003, TransAlta announced the completion of the previously announced
indirect acquisition from El Paso of a 50% interest in CE Generation LLC for
total consideration of approximately US$240 million. &nbsp;The remaining 50%
interest in CE Generation is held by MidAmerican Energy Holdings Company, with
whom TransAlta entered into a strategic alliance in 2001.</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">CE
Generation, through its subsidiaries, is primarily engaged in the development,
ownership and operation of independent power production facilities in the United
States utilizing geothermal and natural gas resources. CE Generation holds an
interest in 13 facilities having an aggregate operating capacity of 820
megawatts (MW), including 330 MW of geothermal generation in California and 490
MW of gas-fired cogeneration in New York, Texas and Arizona. &nbsp;</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">In
connection with the acquisition, TransAlta also acquired from El Paso its right
to a 50% interest in the 183 MW Salton Sea VI geothermal project currently under
development in Imperial Valley, California. &nbsp;If TransAlta elects to
maintain its interest in the Salton Sea VI project, TransAlta has agreed to pay
to El Paso certain milestone payments, to a maximum aggregate payment of US$30
million if the project reaches commercial operation. &nbsp;</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-72pt; line-height:13pt; font-size:11pt; color:#000000"><b>Item
6</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b><u>Reliance
on Section&nbsp;146(2) of the Securities Act</u></b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">N/A</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-72pt; line-height:13pt; font-size:11pt; color:#000000"><b>Item
7</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b><u>Omitted
Information</u></b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">N/A</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-72pt; line-height:13pt; font-size:11pt; color:#000000"><b>Item
8</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b><u>Senior
Officer Knowledgeable about the Material Change and this Report:</u></b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">Ian
A. Bourne<br>
Executive Vice President &amp; Chief Financial Officer<br>
(403)&nbsp;267-7979</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:-13pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:-72pt; line-height:13pt; font-size:11pt; color:#000000"><b>Item
9</b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b><u>Statement
of Senior Officer:</u></b></p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">The
foregoing accurately discloses the material change referred to in this report.</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:0pt; padding-bottom:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">DATED
at Calgary, Alberta, this 3<sup>rd</sup> day of February, 2003.</p>
<table style="margin-left:0pt">
  <tr>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="295.2">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="343.2" colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="295.2">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="343.2" colspan="2">
      <p style="margin:0pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000"><b>TRANSALTA
      CORPORATION</b></p>
    </td>
  </tr>
  <tr>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="295.2">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="42">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="301.2">&nbsp;</td>
  </tr>
  <tr>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="295.2">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="42">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="301.2">&nbsp;</td>
  </tr>
  <tr>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="295.2">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="42">
      <p style="margin:0pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">By:</p>
    </td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border-bottom:0.5pt solid #000000" align="left" valign="top" width="301.2">
      <p style="margin:0pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">/s/
      Ian A. Bourne</p>
    </td>
  </tr>
  <tr>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="295.2">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="42">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border-top:0.5pt solid #000000" align="left" valign="top" width="301.2">
      <p style="margin:0pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">Ian
      A. Bourne</p>
    </td>
  </tr>
  <tr>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="295.2">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="42">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="301.2">
      <p style="margin:0pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">Executive
      Vice President</p>
      <p style="margin:0pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">&amp;
      Chief Financial Officer</p>
    </td>
  </tr>
  <tr>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="295.2">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="42">&nbsp;</td>
    <td style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt" align="left" valign="top" width="301.2">&nbsp;</td>
  </tr>
</table>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:11pt; color:#000000"><br>
</p>
<p style="margin-left:0pt; margin-top:0pt; margin-bottom:11pt; padding:0pt; text-indent:0pt; line-height:13pt; font-size:11pt; color:#000000">IT
IS AN OFFENCE UNDER THE SECURITIES ACT AND THE ALBERTA SECURITIES COMMISSION
RULES FOR A PERSON OR COMPANY TO MAKE A STATEMENT IN A DOCUMENT REQUIRED TO BE
FILED OR FURNISHED UNDER THE ACT OR THE RULES THAT, AT THE TIME AND IN LIGHT OF
THE CIRCUMSTANCES UNDER WHICH IT IS MADE, IS A MISREPRESENTATION.</p>
<HR style="padding-top:7.2pt; padding-bottom:7.2pt; color:#000000" noshade size=1.333>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:14pt; padding:0pt; text-indent:0pt; line-height:16pt; font-size:14pt; color:#000000" align=center><B>Signatures</B></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:24pt; padding:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding-left:0pt; padding-top:0pt; padding-right:14.4pt; padding-bottom:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=right><U>TransAlta Corporation</U></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding-left:0pt; padding-top:0pt; padding-right:14.4pt; padding-bottom:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=right>(Registrant)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding-left:0pt; padding-top:0pt; padding-right:14.4pt; padding-bottom:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=right>By:<U>/s/ Alison T. Love</U></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding-left:0pt; padding-top:0pt; padding-right:14.4pt; padding-bottom:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=right>(Signature)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding-left:0pt; padding-top:0pt; padding-right:14.4pt; padding-bottom:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000" align=right>Alison T. Love, Corporate Secretary</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:12pt; padding-left:0pt; padding-top:0pt; padding-right:18pt; padding-bottom:0pt; text-indent:0pt; line-height:14pt; font-size:12pt; color:#000000">Date: February 3, 2003
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