TRANSALTA CORPORATION Management's Discussion and Analysis Second Quarter Report for 2022 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. See the Forward-Looking Statements section of this MD&A for additional information. Table of Contents This MD&A should be read in conjunction with the unaudit ...