XML 98 R68.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Credit Facilities, Long-Term Debt and Lease Liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract] |
Disclosure of borrowings outstanding | The amounts outstanding are as follows:
As at Dec. 31 |  |  |  | 2021 |  | 2020
| Segment | Maturity | Currency | Carrying value | Face value | Interest(1) |  | Carrying value | Face value | Interest |
Credit facilities |  |  |  |  |  |  |  |  |  |  |
Committed syndicated bank facility(2) | Corporate | 2025 | CAD | — |  | — |  | — | % |  | 114 |  | 114 |  | 2.7 | % |
Debentures |  |  |  |  |  |  |  |  |  |  |
7.3% Medium term notes | Corporate | 2029 | CAD | 110 |  | 110 |  | 7.3 | % |  | 109 |  | 110 |  | 7.3 | % |
6.9% Medium term notes | Corporate | 2030 | CAD | 141 |  | 141 |  | 6.9 | % |  | 140 |  | 141 |  | 6.9 | % |
Senior notes(3) |  |  |  |  |  |  |  |  |  |  |
6.5% Senior notes | Corporate | 2040 | USD | 378 |  | 383 |  | 6.5 | % |  | 380 |  | 383 |  | 6.5 | % |
4.5% Senior notes | Corporate | 2022 | USD | 510 |  | 511 |  | 4.5 | % |  | 506 |  | 511 |  | 4.5 | % |
Non-recourse |  |  |  |  |  |  |  |  |  |  |
Melancthon Wolfe Wind LP bond | Wind & Solar | 2028 | CAD | 235 |  | 237 |  | 3.8 | % |  | 268 |  | 270 |  | 3.8 | % |
New Richmond Wind LP bond | Wind & Solar | 2032 | CAD | 120 |  | 121 |  | 4.0 | % |  | 127 |  | 128 |  | 4.0 | % |
Kent Hills Wind LP bond(4) | Wind & Solar | 2033 | CAD | 221 |  | 221 |  | 4.5 | % |  | 230 |  | 233 |  | 4.5 | % |
Windrise Wind LP bond | Wind & Solar | 2041 | CAD | 171 |  | 173 |  | 3.4 | % |  | — |  | — |  | — | % |
Pingston bond | Hydro | 2023 | CAD | 45 |  | 45 |  | 3.0 | % |  | 45 |  | 45 |  | 3.0 | % |
TAPC Holdings LP bond (Poplar Creek) | Gas | 2030 | CAD | 102 |  | 104 |  | 4.4 | % |  | 111 |  | 113 |  | 4.5 | % |
TEC Hedland PTY Ltd bond(5) | Gas | 2042 | AUD | 732 |  | 742 |  | 4.1 | % |  | 772 |  | 782 |  | 4.1 | % |
TransAlta OCP LP bond | Gas | 2030 | CAD | 263 |  | 265 |  | 4.5 | % |  | 284 |  | 287 |  | 4.5 | % |
Tax equity financing |  |  |  |  |  |  |  |  |  |  |
Big Level & Antrim(6) | Wind & Solar | 2029 | USD | 106 |  | 112 |  | 6.6 | % |  | 112 |  | 119 |  | 6.6 | % |
Lakeswind(7) | Wind & Solar | 2029 | USD | 18 |  | 18 |  | 10.5 | % |  | 22 |  | 22 |  | 10.5 | % |
North Carolina Solar(8) | Wind & Solar | 2028 | USD | 11 |  | 11 |  | 7.3 | % |  | — |  | — |  | — |  |
Other | Corporate | 2023 | CAD | 4 |  | 4 |  | 5.9 | % |  | 7 |  | 6 |  | 5.9 | % |
Total long-term debt |  |  |  | 3,167 |  | 3,198 |  |  |  | 3,227 |  | 3,264 |  |  |
Lease liabilities |  |  |  | 100 |  |  |  |  | 134 |  |  |  |
| 3,267 |  |  |  |  | 3,361 |  |  |  |
Less: current portion of long-term debt | (837) |  |  |  |  | (97) |  |  |  |
Less: current portion of lease liabilities | (7) |  |  |  |  | (8) |  |  |  |
Total current long-term debt and lease liabilities | (844) |  |  |  |  | (105) |  |  |  |
Total credit facilities, long-term debt and lease liabilities | 2,423 |  |  |  |  | 3,256 |  |  |  |
(1) Interest is before the effect of hedging. (2) Composed of bankers’ acceptances and other commercial borrowings under long-term committed credit facilities. (3) US face value at Dec. 31, 2021 — US$700 million (Dec. 31, 2020 — US$700 million). (4) Kent Hills Wind LP bond is classified as a current liability. Refer to section B - Restrictions Related to Non-Recourse Debt and Other Debt, for more information. (5) AU face value at Dec. 31, 2021 — AU$800 million related to the TEC offering (2020 — AU$800 million). (6) US face value at Dec. 31, 2021 — US$88 million (2020 — US$94 million). (7) US face value at Dec. 31, 2021 — US$14 million (2020 — US$16 million). (8) US face value at Dec. 31, 2021 — US$9 million (2020 — nil). The Company's credit facilities are summarized in the table below:
As at Dec. 31, 2021 | Facility size | Utilized | Available capacity | Maturity date
Outstanding letters of credit(1) | Actual drawings
TransAlta Corporation |  |  |  |  |
Committed syndicated bank facility(2) | 1,250 |  | 618 |  | — |  | 632 |  | Q2 2025
Canadian committed bilateral credit facilities | 240 |  | 186 |  | — |  | 54 |  | Q2 2023
TransAlta Renewables |  |  |  |  |
Committed credit facility(2) | 700 |  | 98 |  | — |  | 602 |  | Q2 2025
Total | 2,190 |  | 902 |  | — |  | 1,288 |  |
(1) TransAlta has obligations to issue letters of credit and cash collateral to secure potential liabilities to certain parties, including those related to potential environmental obligations, commodity risk management and hedging activities, pension plan obligations, construction projects and purchase obligations. At Dec. 31, 2021, TransAlta provided cash collateral of $55 million. (2) Includes letters of credit issued under the demand facilities for TransAlta and TransAlta Renewables.
Disclosure of principal repayments |
| 2022(1) | 2023 | 2024 | 2025 | 2026 | 2027 and thereafter | Total
Principal repayments(2) | 836 |  | 155 |  | 113 |  | 127 |  | 127 |  | 1,840 |  | 3,198 |
Lease liabilities(3) | (6) |  | 4 |  | 3 |  | 3 |  | 3 |  | 93 |  | 100 |
(1) Includes the Kent Hills Wind LP non-recourse bonds. The successful receipt of waivers and amendments would extend principal repayments beyond 2022. (2) Excludes impact of hedge accounting and derivatives. (3) Lease liabilities include a lease incentive of $13 million, expected to be received in 2022.

X
- Definition The disclosure of detailed information about borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_7&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Principal Repayments [Table Text Block] + References No definition available. + Details
Name: | tac_DisclosureOfPrincipalRepaymentsTableTextBlock
Namespace Prefix: | tac_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration