TransAlta (TAC) - 2025 Q1 - Quarterly Report

TRANSALTA CORPORATION Management's Discussion and Analysis This Management's Discussion and Analysis (MD&A) contains forward-looking statements. These statements are based on certain estimates and assumptions and involve risks and uncertainties. Actual results may differ materially. Refer to the Forward-Looking Statements section of this MD&A for additional information. Table of Contents | M2 | Forward-Looking Statements | M38 | Financial Capital | | --- | --- | --- | --- | | M4 | Description of the Busines ...