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TransAlta Renewables Inc.

09:35 AM EST - TransAlta Renewables Inc. : Announced today that Kent Hills Wind LP ("KHLP"), the Company's indirect subsidiary, has amended and extended its current power purchase agreements ("PPAs" with New Brunswick Power Corporation in respect of each of the Kent Hills 1, 2 and 3 facilities, representing total generating capacity of 167 MW. The amending agreements provide for a blend-and-extend of the PPAs for an additional 10-year period through to December 2045. KHLP is proceeding with its rehabilitation plan to replace the foundations at Kent Hills 1 and 2 and restore the sites to full operation, which is expected to occur in mid-2023. TransAlta Renewables Inc. shares T.RNW are trading unchanged at $17.08.