TransAlta Corporation

TransAlta Corporation

July 23, 2009 16:29 ET

TransAlta declares dividend

CALGARY, ALBERTA--(Marketwire - July 23, 2009) - TransAlta Corporation (TSX:TA)(NYSE:TAC) today announced its Board of Directors has declared a dividend of $0.29 per share on common shares payable October 1, 2009 to shareholders of record at the close of business September 1, 2009.

All currency is expressed in Canadian dollars except where noted.

TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. We maintain a low-risk profile by operating a highly contracted portfolio of assets in Canada, the United States and Australia. Our focus is to efficiently operate our coal-fired, gas-fired, hydro and renewable facilities in order to provide our customers with a reliable, low-cost source of power. For nearly 100 years, we've been a responsible operator and a proud contributor to the communities where we work and live. TransAlta is recognized for its leadership on sustainability by the Dow Jones Sustainability North America Index, the FTSE4Good Index and the Jantzi Social Index.

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