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Maxim Power Corp T.MXG

Alternate Symbol(s):  MXGFF

Maxim Power Corp. is a Canada-based independent power producer, which is focused entirely on power projects in Alberta. The Company acquires or develops, owns and operates power and power related projects in Alberta. The Company’s core asset is the 300-megawatt (MW) H.R. Milner Plant, M2, in Grande Cache, AB, which is a combined cycle gas-fired power plant. It also explores additional development options in Alberta, including its permitted gas-fired generation project and the permitting of its wind power generation project. The Combined Cycle Gas Turbine (CCGT) expansion of M2 captures waste heat that would otherwise exhaust into the atmosphere and converts it into low carbon dispatchable electricity for the Alberta power grid. In total, it has about 600 MW of natural gas and wind development projects at various stages. Summit Coal LP is a wholly owned subsidiary of the Company that owns metallurgical coal leases for Mine 14 and Mine 16S located north of Grande Cache, Alberta.


TSX:MXG - Post by User

Comment by DeepDiscounton Feb 07, 2024 8:46pm
169 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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