Operator

Good morning. I'm the conference operator. And at this time, I would like to welcome everyone to TransAlta Corporation's Annual and Special Meeting of Shareholders. Thank you for joining us. Mr. Dielwart, you may begin your meeting.

John Dielwart

Thank you. Good morning, fellow shareholders. Welcome to TransAlta's 2026 Annual and Special Shareholders Meeting. I'm John Dielwart, Chair of the Board of Directors. Today's meeting is being hosted virtually, which provides shareholders the ability to access and participate in the meeting regardless of their location.

While virtual in format, the meeting will be conducted in the same manner as an in-person meeting. There will be no management presentation following the formal business of the meeting. With me here today is Joel Hunter, formerly Executive Vice President, Finance and Chief Financial Officer; and effective today, President and Chief Executive Officer of the corporation, congratulations to Joel.

Also here with me today is Nancy Brennan, our Executive Vice President, Legal, External Affairs and Corporate Secretary. I now call this meeting to order. I will ask -- I will serve as Chair of the meeting, and Nancy Brennan will serve as Secretary. I will first address a few procedural matters for the meeting. Only registered shareholders who held shares at the close of business on March 12, 2026, the record date for this meeting or such shareholders' duly appointed proxy holders are entitled to vote or ask questions at this meeting.

To vote during the meeting, please use the electronic ballot that will appear on your screen in the online portal. You may begin voting now or at any time throughout the