<SEC-DOCUMENT>0001279569-19-001938.txt : 20190916
<SEC-HEADER>0001279569-19-001938.hdr.sgml : 20190916
<ACCEPTANCE-DATETIME>20190916143312
ACCESSION NUMBER:		0001279569-19-001938
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190916
FILED AS OF DATE:		20190916
DATE AS OF CHANGE:		20190916

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:		191094431

	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>
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<TYPE>6-K
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<FILENAME>transalta6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center">UNITED STATES</P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><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: bold 18pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center">FORM 6-K</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE&nbsp;13a-16 OR 15d-16<BR>
UNDER THE SECURITIES EXCHANGE ACT OF 1934</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"><B>For the month of September, 2019</B><BR>
<B>Commission File Number 001-15214</B></P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center"><FONT STYLE="font-size: 20pt">TRANSALTA
CORPORATION</FONT><BR>
<FONT STYLE="font-size: 10pt; font-weight: normal">(Translation of registrant's name into English)</FONT></P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center"><FONT STYLE="font-size: 10pt; font-weight: normal"></FONT></P>

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<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>110-12th
Avenue S.W., Box 1900, Station &ldquo;M&rdquo;, Calgary, Alberta, Canada, T2P 2M1</B></FONT><BR>
<FONT STYLE="font-size: 10pt; font-weight: normal">(Address of principal executive offices)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:</P>

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    <TD STYLE="width: 50%; font: bold 12pt Times New Roman, Times, Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; font-weight: normal">Form&nbsp;40-F&nbsp;<FONT STYLE="font-family: Wingdings">&#254;</FONT></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(1). _____</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">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="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 24pt 0 0 3in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 24pt 0 0 3in"><B>&nbsp;</B></P>

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    <TD COLSPAN="2" STYLE="font-size: 10pt"><B>TRANSALTA CORPORATION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%; font-size: 10pt">By:</TD>
    <TD STYLE="width: 87%; border-bottom: Black 1pt solid; font-size: 10pt">/s/ Todd Stack</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Name: Todd Stack</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title: Chief Financial Officer</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0">Date: September 16, 2019</P>

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

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


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

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 1pt solid"><B>Exhibit Number</B></P></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 81%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 1pt solid"><B>Description of Document</B></P></TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><A HREF="ex991.htm">99.1</A></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><A HREF="ex991.htm">&ldquo;TransAlta Announced Transformative $2 Billion Clean Energy Investment Plan and Dividend Policy&rdquo;</A>   <A HREF="ex991.htm"></A></TD></TR>
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<DESCRIPTION>NEWS RELEASE DATED SEPTEMBER 16, 2019
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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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

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

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

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"></P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">TransAlta Announces Transformative $2
Billion Clean Energy Investment Plan and Dividend Policy</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CALGARY, Sept. 16, 2019 /CNW/ -<B>&nbsp;</B>TransAlta
Corporation (&quot;TransAlta&quot;&nbsp;or the &quot;Company&quot;) (TSX: TA) (NYSE: TAC)&nbsp;announces today its Clean Energy
Investment Plan, which includes converting its existing Alberta coal assets to natural gas and advancing its leadership position
in renewable energy. The total cost of the plan is expected to be approximately $2 billion which includes approximately $800 million
of renewable energy projects already under construction.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">TransAlta's plan includes converting three
of its existing Alberta thermal units to gas in 2020 and 2021 by replacing existing coal burners with natural gas burners. The
Company will also convert two of its units to highly efficient combined cycle natural gas units in the late 2023 to&nbsp;late 2024
period. The highlights of these gas conversion investments include:</P>

<UL STYLE="list-style-type: disc">

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Positioning TransAlta's fleet as a low-cost generator in
the Alberta energy-only market;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Generating attractive returns by leveraging the Company's
existing infrastructure;</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Significantly extending the life and cash flows of the
Alberta thermal assets; and</LI>

<LI STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">Significantly reducing air emissions and costs.</LI>

</UL>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Company's Clean Energy Investment Plan
also consists of the four wind projects in the United States and Alberta that are currently under construction. These projects
are underpinned by long-term power purchase agreements with highly creditworthy counterparties.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Clean Energy Investment Plan will be funded
from the cash raised earlier this year through the strategic investment with an affiliate of Brookfield Renewable Partners, cash
generated from operations, and through TransAlta Renewables Inc. In addition to funding the plan, the Company remains committed
to returning up to $250 million to shareholders over the next three years through share repurchases and reducing its corporate
level debt by $400 million in 2020.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Company has adopted, based on TransAlta
level deconsolidated cash flows, a Debt/EBITDA target of 3.0x or less, and a dividend policy of returning between 10% and 15% of
TransAlta deconsolidated Funds from Operations to common shareholders. The credit metrics and dividend policy are being presented
on a deconsolidated basis, allowing investors to understand how the dividends received from TransAlta Renewables is either being
returned or invested for TransAlta shareholders.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Investor Day</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">TransAlta will be hosting an Investor Day later
today at 9:30 am ET during which our executive team will discuss the announcements above in greater detail. A link to the presentation
and live webcast will be available on the Investors section of TransAlta's website at http://www.transalta.com/investors/events-and-presentations.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><I>About TransAlta Corporation:<BR>
</I></B><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)&nbsp;designation by the Canadian Council
for Aboriginal Business. </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>For more information about TransAlta, visit
our web site at transalta.com.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><I>Forward Looking Information </I></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>This news release contains forward-looking
statements and forward-looking information within the meaning of applicable securities laws (collectively referred to as &quot;forwarding-looking
statements&quot;). All forward-looking statements are based on our beliefs as well as assumptions based on information available
at the time the assumption was made. These statements are not guarantees of our future performance, events or results and are subject
to a number of significant risks, uncertainties and other important factors that could cause our actual performance, events or
results to be materially different from those set out in the forward-looking statements. More particularly, and without limitation,
this news release contains forward-looking statements relating to: the Clean Energy Investment Plan, including the cost and associated
timing; the benefits expected to be realized from the Clean Energy Investment Plan; the source of funds for the Clean Energy Investment
Plan; the return of capital to shareholders and reduction of corporate debt; satisfying the deconsolidated debt/EBITDA target of
3.0x of less; and implementing or maintaining a dividend policy of returning between 10% and 15% of deconsolidated TransAlta funds
from operations. The forward-looking statements are subject to a number of risks and uncertainties that may cause actual performance,
events or results to differ materially from those contemplated by the forward-looking statements, which include: fluctuations in
demand, market prices and the availability of fuel supplies to support the conversion of two coal units into highly efficient combined
cycle natural gas units; the satisfaction of all closing conditions associated with the $400 million preferred share subscription
in October 2020; changes in the current or anticipated legislative, regulatory and political environments; environmental requirements
and changes in, or liabilities under, these requirements; and other risks and uncertainties contained in the Company's Management
Proxy Circular dated March 26, 2019 and its Annual Information Form and Management's Discussion and Analysis for the year ended
December 31, 2018, filed under the Company's profile with the Canadian securities regulators on&nbsp;www.sedar.com&nbsp;and the
U.S. Securities and Exchange Commission on&nbsp;www.sec.gov. Readers are urged to consider these factors carefully in evaluating
the forward-looking statements and are cautioned not to place undue reliance on these forward-looking statements, which reflect
TransAlta's expectations only as of the date of this news release. TransAlta disclaims 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: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><I>Non-IFRS Measures</I></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Certain financial measures identified in
this news release, including EBITDA and funds from operations (FFO), do not have a standardized meaning under International Financial
Reporting Standards (&quot;IFRS&quot;) and may not be comparable to similar measures presented by other entities. Presenting these
items from period to period provides management and investors with the ability to evaluate earnings and cash flow trends more readily
in comparison with prior periods' results and, in the case of the deconsolidated FFO, to allow shareholders to understand how the
dividend at TransAlta Renewables is being either returned or invested for TransAlta shareholders. &nbsp;These measures should not
be considered in isolation or as a substitute for measures prepared in accordance with IFRS.&nbsp; Deconsolidated TransAlta FFO
can be reconciled to TransAlta FFO (as defined in the most recently filed Management's Discussion and Analysis of the Company)
by subtracting the funds from operations of TransAlta Renewables, subtracting any distributions made in respect of the Company's
non-controlling interests (namely, to Canadian Power Holdings Inc.) and adding back the dividends received from TransAlta Renewables.&nbsp;
For further information on non-IFRS financial measures, see our most recently filed Management's Discussion and Analysis, filed
with Canadian securities regulators on www.sedar.com and the Securities and Exchange Commission on www.edgar.com and the Investor
Day presentation dated September 16, 2019 available on the Company's website investor centre.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content:http://www.prnewswire.com/news-releases/transalta-announces-transformative-2-billion-clean-energy-investment-plan-and-dividend-policy-300918378.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">SOURCE TransAlta Corporation</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content: http://www.newswire.ca/en/releases/archive/September2019/16/c6188.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">%CIK: 0001144800</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0"><B>For further information: </B>Investor Inquiries: Phone: 1-800-387-3598
in Canada and U.S., Email: investor_relations@transalta.com; Media Inquiries: Phone: Toll-free media number: 1-855-255-9184, Email:
ta_media_relations@transalta.com</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CO: TransAlta Corporation</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CNW 07:00e 16-SEP-19</P>



<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"></P>

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