<SEC-DOCUMENT>0001279569-18-001204.txt : 20180601
<SEC-HEADER>0001279569-18-001204.hdr.sgml : 20180601
<ACCEPTANCE-DATETIME>20180531180014
ACCESSION NUMBER:		0001279569-18-001204
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180531
FILED AS OF DATE:		20180601
DATE AS OF CHANGE:		20180531

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRANSALTA CORP
		CENTRAL INDEX KEY:			0001144800
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15214
		FILM NUMBER:		18872869

	BUSINESS ADDRESS:	
		STREET 1:		110 12TH AVE SW BOX 1900 STATION M
		STREET 2:		CALGARY ALBERTA T2P 2MI
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P2M1
		BUSINESS PHONE:		403-267-4724

	MAIL ADDRESS:	
		STREET 1:		110-12TH AVENUE SW
		CITY:			CALGARY ALBERTA CANADA
		STATE:			A0
		ZIP:			T2P2M1
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>transalta6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT><FONT STYLE="font-size: 14pt">UNITED
STATES</FONT><BR>
<FONT STYLE="font-size: 14pt">SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT STYLE="font-size: 12pt">Washington, D.C. 20549</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center"><FONT STYLE="font-size: 18pt"><B>FORM
6-K</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt">For the month of May 2018</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 24pt"><B>TRANSALTA
CORPORATION</B></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 24pt"><B></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">(Translation
of registrant&rsquo;s name into English)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>110-12<SUP>th
</SUP>Avenue S.W., Box 1900, Station &ldquo;M&rdquo;, Calgary, Alberta, T2P 2M1</B></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">(Address
of principal executive offices)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"><FONT STYLE="font-size: 10pt">I<FONT STYLE="font-family: Times New Roman, Times, Serif">ndicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</FONT></FONT></P>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form 20-F &#9744;</FONT></TD>
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form 40-F &#9746;</FONT></TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">I</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
document listed below as Exhibit 99.1 to this Form 6-K is a copy of the Registrant&rsquo;s news release dated May 31, 2018 announcing
&ldquo;TransAlta Renewables Announces the Acquisition of Three Renewable Assets from TransAlta Corporation, Implementation of
a Dividend Reinvestment Plan and Declares Dividends&rdquo;.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
news release is being furnished, not filed, and will not be incorporated by reference into any registration statement filed by
TransAlta Corporation under the Securities Act of 1933, as amended.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A HREF="ex991.htm">99.1</A></FONT></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="ex991.htm">&ldquo;TransAlta Renewables Announces the Acquisition of Three Renewable Assets from TransAlta Corporation, Implementation
of a Dividend Reinvestment Plan and Declares Dividends&rdquo;</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 40.5pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>Signatures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt">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>



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    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TransAlta
                                         Corporation</B></FONT></P>


</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 43%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD>
    <TD STYLE="width: 57%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:
    &nbsp;<I><U>/s/ Brett Gellner</U></I></FONT></TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Brett Gellner</FONT></TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acting
    Chief Financial Officer</FONT></TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT>&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:
May 31, 2018</FONT></P>



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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"><B>EXHIBIT INDEX</B></P>

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    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-indent: 0in"><FONT STYLE="font-size: 10pt"><A HREF="ex991.htm">99.1</A></FONT></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-align: justify"><A HREF="ex991.htm"><FONT STYLE="font-size: 10pt">Press release dated May 31, 2018 announcing &ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TransAlta Renewables Announces the Acquisition of Three Renewable Assets from TransAlta Corporation, Implementation
of a Dividend Reinvestment Plan and Declares Dividends&rdquo;</FONT></FONT></A></TD></TR>
</TABLE>


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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="margin: 0; text-align: right"></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 15pt 0 7.5pt; text-align: left"><IMG SRC="image_001.jpg" ALT=""></P>

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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt"><B>TransAlta Renewables Announces the Acquisition of Three
Renewable Assets from TransAlta Corporation, Implementation of a Dividend Reinvestment Plan and Declares Dividends</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">CALGARY, May 31, 2018 /CNW/ - TransAlta Renewables Inc. (&quot;TransAlta
Renewables&quot; or the &quot;Company&quot;) (TSX: RNW) and TransAlta Corporation (TSX: TA; NYSE: TAC) today announced that TransAlta
Renewables has acquired an economic interest in the 50 MW Lakeswind Wind Farm in Minnesota and 21 MW of solar projects located
in Massachusetts, from TransAlta Corporation. In addition, TransAlta Renewables acquired ownership of the 20 MW Kent Breeze Wind
Farm located in Ontario. The total purchase price for the three assets, which have an average weighted contract life of 15 years,
is $166 million, including the assumption of $62 million of tax equity obligations and project debt. The equity value of $104 million
represents a 10x multiple of CAFD and is expected to be accretive on a per share basis. TransAlta Renewables will fund the equity
value portion of the acquisition using existing liquidity.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">&quot;The acquired assets are a natural fit for TransAlta
Renewables which focuses on diversified, highly contracted cash flows from strong counterparties,&quot; said John Kousinioris,
President of TransAlta Renewables. &quot;These drop-downs, along with the two recent U.S. wind projects, demonstrate our ability
to execute on accretive, renewable acquisitions.&quot;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">Concurrent with the acquisition, the Board of Directors of
TransAlta Renewables has approved the implementation of a dividend reinvestment plan (&quot;DRIP&quot;) for Canadian holders of
common shares of TransAlta Renewables. Commencing with the dividend payable on July 31, 2018, to shareholders of record at the
close of business on July 13, 2018, eligible shareholders may elect to automatically reinvest monthly dividends into additional
common shares of TransAlta Renewables.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">The price for common shares purchased under the DRIP will
be 98 per cent of the average market price of the common shares for the five trading days on which not less than 500 common shares
of the Company are traded immediately prior to the dividend payment date. Common shares acquired under the DRIP will be issued
from the treasury of TransAlta Renewables.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">Eligible shareholders are not required to participate in the
DRIP. Those shareholders who have not elected to participate in the DRIP will continue to receive their monthly cash dividends
in the usual manner. TransAlta Corporation, which holds 64 per cent of the outstanding shares of TransAlta Renewables, does not
intend to participate in the DRIP.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">This news release provides a summary of some of the terms
of the DRIP. The DRIP defines the terms and conditions of the DRIP and the rights of eligible participants in the DRIP. Interested
shareholders are encouraged to review the full text of the DRIP. This news release does not constitute an offer to sell or the
solicitation of an offer to buy any securities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">A complete copy of the DRIP, together with a related series
of Questions and Answers, are available on TransAlta Renewables website at www.transaltarenewables.com or can be obtained by calling
AST Trust Company, TransAlta Renewables transfer agent at: 1-800-387-0825.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">In addition, the Company also declared monthly dividends of
$0.07833 per share for holders of record on July 13, 2018, August 15, 2018 and September 14, 2018 payable on each of July 31, 2018,
August 31, 2018 and September 28, 2018, respectively.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0"><B><I>About TransAlta Renewables Inc.</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0"><I>TransAlta Renewables is among the largest of any publicly
traded renewable independent power producers (&quot;IPP&quot;) in Canada.&nbsp;Our asset platform and economic interests are diversified
in terms of geography, generation and counterparties and consist of interests in 20 wind facilities, 13 hydroelectric facilities,
seven natural gas generation facilities, one solar facility and one natural gas pipeline, representing an ownership interest of
2,407 MW of owned generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Qu&eacute;bec, New Brunswick,
the State of Wyoming, the State of Massachusetts, the State of Minnesota and the State of Western Australia.</I>&nbsp;<I>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.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0"><B><I>About TransAlta Corporation: </I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0"><I>TransAlta owns, operates and develops a diverse fleet of
electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. We provide
municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable
power. Today, we are one of Canada's largest producers of wind power and Alberta's largest producer of hydro-electric power. For
over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta
aligns its corporate goals with the UN Sustainable Development Goals and we have been recognized by CDP (formerly Climate Disclosure
Project) as an industry leader on Climate Change Management. We are also proud to have achieved the Silver level PAR (Progressive
Aboriginal Relations) designation by the Canadian Council for Aboriginal Business. For more information about TransAlta, visit
our web site at transalta.com.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0"><B><I>Forward-Looking Statements</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0"><I>This news release contains forward looking statements,
including statements regarding the business and anticipated financial performance of the Company and TransAlta Corporation that
are based on&nbsp;the Company's&nbsp;and TransAlta Corporation's current expectations, estimates, projections and assumptions in
light of their experience and perception of historical trends. In some cases, forward-looking statements can be identified by terminology
such as &quot;plans&quot;, &quot;expects&quot;, &quot;proposed&quot;, &quot;will&quot;, &quot;anticipates&quot;, &quot;develop&quot;,
&quot;continue&quot;, and similar expressions suggesting future events or future&nbsp;performance.&nbsp;In particular, this news
release contains forward-looking statements, including certain financial outlooks, pertaining to, without limitation, the following:
the anticipated benefits to the Company following its acquisition of an interest in the three renewable projects, including that
the acquisition will be accretive to cash available for distribution per share; the acquisition&nbsp;of the previously announced
U.S. wind project; the source of funding for the purchase price; and the intention of TransAlta Corporation not to participate
in the DRIP. These statements are subject to a number of risks and uncertainties that could cause actual plans, actions and results
to differ materially from current expectations including, but not limited to, the Company's ability to satisfy the closing conditions
for the acquisition of the one U.S. wind project; changes in tax, regulatory, environmental, and other laws and regulations; competitive
factors in the renewable power industry; operational breakdowns, failures, or other disruption; changes in economic and market
conditions, and other risks and uncertainties discussed in the Company's and TransAlta Corporation's materials filed with the Canadian
securities regulatory authorities from time to time.&nbsp;Readers are cautioned not to place undue reliance on these forward-looking
statements, which reflect the Company's and TransAlta Corporation's expectations only as of the date of this news release. TransAlta
Renewables and TransAlta Corporation disclaim any intention or obligation to update or revise these forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by law.&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0"><I>Note: CAFD refers to cash available for distribution and
is not defined under International Financial Reporting Standards (&quot;IFRS&quot;).&nbsp;Refer to the Non-IFRS Measures section
of the Management's Discussion and Analysis for further discussion of this measure items, including, where applicable, reconciliations
to measures calculated in accordance with IFRS.&nbsp;All financial figures are in Canadian dollars unless otherwise indicated.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0"><IMG SRC="image_003.jpg" ALT="Cision" STYLE="height: 12px; width: 12px">View
original content:http://www.prnewswire.com/news-releases/transalta-renewables-announces-the-acquisition-of-three-renewable-assets-from-transalta-corporation-implementation-of-a-dividend-reinvestment-plan-and-declares-dividends-300657788.html</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">SOURCE TransAlta Renewables Inc</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">View original content: http://www.newswire.ca/en/releases/archive/May2018/31/c2791.html</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">%CIK: 0001144800</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>For further information: </B>Investor Inquiries: Sally Taylor,
Manager, Investor Relations, Phone: 1-800-387-3598 in Canada and U.S., Email: investor_relations@transalta.com; Media Inquiries:
Stacey Hatcher, Manager, Communications, Phone: 1-855-255-9184, Email: ta_media_relations@transalta.com</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">CO: TransAlta Renewables Inc</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 9.75pt 0">CNW 17:07e 31-MAY-18</P>



<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt"></P>

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