If we assume that the plates are perfect conductors and that the dielectric is lossless then no energy is lost as the wave propagates. With a PEC material, there is no energy loss in generating currents. But once we allow for the plates to have a finite conductivity then we introduce a small loss since we have to inject a certain amount of energy to keep the currents flowing.
The equations for your fields are incorrect though. The guided modes of a parallel plate waveguid bounce back and forth off of the plates. The angle of incidence upon the plates is determined by the frequency and mode of your wave. This is so that the wave will strike the plates in such a way as to satisfy the appropriate boundary conditions. So if your waveguide is setup so that the guided direction of propagation is along the z-axis and the plates are in the x-z plane, then your waves must have a dependence upon
[tex]\sim e^{ik_yy + ik_zz}[/tex]
The waves are still traveling as TEM waves but we generally decompose the solutions into those that are TE and TM to the direction of guided propagation (z in this case). So your TE_z solution is something of the form
[tex]\mathbf{E}(\mathbf{r}) = E_0 \hat{x} e^{ik_yy + ik_zz}[/tex]
[tex]\mathbf{H}(\mathbf{r}) = H_0 (\alpha\hat{y} + \beta\hat{z}) e^{ik_yy + ik_zz}[/tex]
TM_z solutions are of the form,
[tex]\mathbf{E}(\mathbf{r}) = E_0 (\alpha\hat{y} + \beta\hat{z}) e^{ik_yy + ik_zz}[/tex]
[tex]\mathbf{H}(\mathbf{r}) = H_0 \hat{x} e^{ik_yy + ik_zz}[/tex]
Further, we note that we can have a solution that travels in the +y and +z direction and also in the -y and +z direction at the same location. That is, we can have both upward and downward bouncing waves. So we generally combine the two traveling wave components as a standing wave component where the standing wave is just the superposition of two traveling waves. So that means that the E field of the TE_z solution is expressed more compactly as,
[tex]\mathbf{E}(\mathbf{r}) = E_0 \hat{x} \sin (k_yy) e^{ik_zz}[/tex]
Again, the selection of the wave vector k is dependent upon the mode and frequency of the solution (obviously in the above we note that at the locations of the plates (say y=0, y=a) the tangential electric field is zero). This, in essence, is an eigenvalue problem. So it's a simple matter to see that in our case that,
[tex]k_y = \frac{\pi m}{a}[/tex]
[tex]k_z = \sqrt{ k_0^2 - \left( \frac{\pi m}{a} \right)^2 }[/tex]
Thus the modes for our TE_z solution for a desired frequency are defined by the above eigenmodes for m=1,2,3, ...
EDIT: Ok, pfew... I think that's actually pretty much the treatment of the parallel plate waveguide in its entirety.