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Maxim Power Corp T.MXG

Alternate Symbol(s):  MXGFF

Maxim Power Corp. is an independent power producer. The Company is focused entirely on power projects in Alberta. Its core asset, the 300 megawatts (MW) H.R. Milner Plant, M2, in Grande Cache, AB, is a combined cycle gas-fired power plant. The Company continues to explore additional development options in Alberta, including its permitted gas-fired generation projects and the permitting of its wind power generation project. Its Milner 2 (M2) power plant is a 204 MW natural gas-fired turbine generator located at the HR Milner Generating Station site near Grande Cache, Alberta. Its HR Milner Generating Station (Milner 1 or M1), located near Grande Cache, Alberta, is a 150 MW dual fuel steam turbine generator capable of burning both natural gas and coal.


TSX:MXG - Post by User

Post by Hanalyst727on Oct 26, 2023 12:29pm
155 Views
Post# 35702340

Maxim printing money this hour: $200k/hr

Maxim printing money this hour: $200k/hr
At 10:18 AM Alberta time, Milner currently producing at 285 MW, with pool price at $766/MWhr.

Current natural gas price in Alberta about C$2.5 /GJ.

If assume a heat rate of 8.1 GJ / MWhr, get about $20/MWhr fuel cost. Add another $14/MWhr for op and maintenance gives $34/MWhr operating costs.

Estimate Maxim operating earnings at $208,000 per hour. Of course pool prices will not remain so elevated forever, and who knows if MXG is actually getting that price.
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