Financial Performance - Free cash flow was $91 million, or $0.33 per share, a 94% increase compared to the prior year quarter[5, 12, 13] - The company maintains a strong financial position with $1.6 billion in liquidity, including approximately $250 million in cash[5, 21] - Approximately 90% to 95% of 2020 EBITDA is expected to be generated through long-term contracts, hedges, and actual results[27] Strategic Initiatives - The company is on track to complete the Sun 6 coal-to-gas conversion in 2020, and K2 and K3 in 2021[6] - The company has secured long-term gas delivery access to the NGTL gas network and is advancing the Sundance 5 repowering project[6] - The company is progressing with construction on renewables and cogeneration projects[6] Growth Projects - Capital investment for Skookumchuck Wind is expected to be between $150 million and $160 million, with commercial operation date (COD) in H2 2020[9] - Capital investment for Windrise Wind is expected to be between $270 million and $285 million, with COD in H2 2021[9] - Capital investment for WindCharger Battery is expected to be between $7 million and $8 million, with COD expected in August 2020[9] Market Conditions - Alberta's hedged price is $53/MWh, with a balance of year forward price of $51/MWh[25]

TransAlta Corporation (NYSE:TAC) Q1 2020 Results Earnings Conference Call May 12, 2020 11:00 AM ET Company Participants Chiara Valentini - Managing Director, Strategic Finance, Investor Relations Dawn Farrell - President, Chief Executive Officer, Corporate Director Todd Stack - Chief Financial Officer Conference Call Participants Maurice Choy - RBC Capital Markets Rob Hope - Scotiabank Patrick Kenny - National Bank Financial Ben Pham - BMO Ollie Primak - CIBC Andrew Kuske - Credit Suisse Charles Fishman - M ...