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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

Comment by DeepDiscounton Feb 07, 2024 8:46pm
120 Views
Post# 35868884

RE:earnings for first 882 hours of 2024

RE:earnings for first 882 hours of 2024

You may want to factor in down time for M2 during the 5-6 day extreme cold snap from approx Jan 10-16.  Additionally a couple more subsequent downtime days.  Refer to the 30 day history below:

https://www.dispatcho.app/live/HRM?r=2592000


Very rough, but the potential 884 hours adjusted for downtime is probably closer to 750 hours assuming an average weighted 250 Mwh average generation. 


Further to this one needs to consider sky-rocketing power rates (coinciding with the extreme cold snap) and how it significantly props up the Average pool price.  M2’s downtime coinciding with the sky-rocketing power prices will no doubt result in an achieved power rate far less than the average pool rate for the month of January per 30 day history below:

https://www.utilitynet.net/analytics/powerpoolprice.html

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