Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2022

The net earnings, distributions and equity attributable to non-controlling interests include the 17 per cent non-controlling interest in Kent Hills Wind LP.


Year ended Dec. 31	2022	2021	2020
Revenues	560	470	436
Net earnings	74	139	97
Total comprehensive income (loss)	(67)	66	223
Amounts attributable to the non-controlling interests:
Net earnings	20	50	40
Total comprehensive income (loss)	(36)	21	90
Distributions paid to non-controlling interests	100	100	80


As at Dec. 31	2022	2021
Current assets	240	430
Long-term assets	2,989	3,319
Current liabilities	(306)	(593)
Long-term liabilities	(1,118)	(1,033)
Total equity	(1,805)	(2,123)
Equity attributable to non-controlling interests	(732)	(869)
Non-controlling interests’ share (per cent)	39.9	39.9

B. TA Cogen


Year ended Dec. 31	2022	2021	2020

Revenues	347	265	146
Net earnings (loss)	143	103	(13)
Total comprehensive income (loss)	143	103	(13)
Amounts attributable to the non-controlling interest:
Net earnings (loss)	91	62	(6)
Total comprehensive income (loss)	91	62	(6)
Distributions paid to Canadian Power Holdings Inc.	87	56	17


As at Dec. 31	2022	2021
Current assets	127	66
Long-term assets	253	312
Current liabilities	(62)	(52)
Long-term liabilities	(27)	(36)
Total equity	(291)	(290)
Equity attributable to Canadian Power Holdings Inc.	(147)	(142)
Non-controlling interest share (per cent)	49.99	49.99

Details of the Company’s principal operating subsidiaries at Dec. 31, 2022, are as follows:


Subsidiary	Country	Ownership (per cent)	Principal activity
TransAlta Generation Partnership	Canada	100	Generation and sale of electricity
TransAlta Cogeneration, L.P.	Canada	50.01	Generation and sale of electricity
TransAlta Centralia Generation, LLC	US	100	Generation and sale of electricity
TransAlta Energy Marketing Corp.	Canada	100	Energy marketing
TransAlta Energy Marketing (U.S.), Inc.	US	100	Energy marketing
TransAlta Energy (Australia), Pty Ltd.	Australia	100	Generation and sale of electricity
TransAlta Renewables Inc.	Canada	60.1	Generation and sale of electricity

Associate or joint venture	Country	Ownership (per cent)	Principal activity
SP Skookumchuck Investment, LLC	US	49	Generation and sale of electricity
EMG International, LLC	US	30	Wastewater treatment and biogas fuel to generate electricity

Disclosure of information about key management personnel and transactions with associates

TransAlta’s key management personnel include the President and Chief Executive Officer ("CEO") and members of the senior management team that report directly to the President and CEO and the members of the Board. Key management personnel compensation is as follows:


Year ended Dec. 31	2022	2021	2020
Total compensation	23	30	27
Comprised of:
Short-term employee benefits	11	14	12
Post-employment benefits	1	1	2

Share-based payments	11	15	13

Transactions with Brookfield include the following:


Year ended Dec. 31	2022	2021	2020
Power sales	127	27	10
Purchased power	12	3	3
Asset management fees paid	2	2	1