TransAlta Renewables Reports First Quarter 2015 Results

CALGARY, ALBERTA–(Marketwired – May 1, 2015) – TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX:RNW) today reported first quarter comparable EBITDA⁽¹⁾ of $53.8 million and FFO⁽¹⁾ of $44.6 million. Comparable EBITDA and FFO both decreased $1.8 million in the quarter compared to the same period last year, primarily due to lower and closer to normal wind volumes in Eastern Canada and Wyoming. Net Earnings for the first quarter were $19.7 million, or $0.17 per share.