Maxim Power

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Maxim Power Corporation
Traded asTSXMXG
IndustryPower generation
Number of locations
Key people
Bruce Chernoff, interim CEO
SubsidiariesComax France S.A.S.
Milner Power Inc

Maxim Power Corp. (TSXMXG) is headquartered in Calgary, Alberta, Canada and owns and operates generating facilities in Canada, United States and France.[1] The company owns and operates 40 power plants (mostly coal or natural gas fired) with 788 MW of electric and 111 MW of thermal net generating capacity.[2] During a period when coal plants are being phased out, and over the objections of several environmental groups, the company received permission in 2011 to construct a new 500-megawatt coal-fired generating plant next to the existing H. R. Milner Generating Station also owned by Maxim.[3]

The company's wholly owned subsidiary, Summit Coal, has coal leases in the province of Alberta that are used to supply its generating facilities.[4]

In March 2016, Maxim Power announced that it would temporarily shutdown its H.R. Milner plant in Alberta due to the facility losing money as a result of low electricity prices.[5] A month later, the company announced that it was pursuing other financing options to avoid defaulting on its Canadian bank loans.[6] The company also announced at that time that Bruce Chernoff would replace John Bobenic as the company's interim CEO.[6]

Generating facilities[edit]

Maxim Generating stations are either owner directly by Maxim Power or through subsidiaries.

Canadian facilities[edit]

Name Location Fuel Units net capacity (Date) Capacity (net MW) Link
H. R. Milner Generating Station Grande Cache, Alberta Coal
  • 144 MW
144 MW [2]
Gold Creek Generating Facility Near Grande Prairie Heat Recovery 6.5 MW [3]


In France the Maxim Energy operates through its subsidiary Comax France S.A.S.. Operations include 31 plants producing 189 MW of electric, several are co-generation facilities also providing thermal production. Maxim sold Comax in 2016[7]

United States[edit]

Name Location Fuel Units net capacity (Date) Capacity (net MW) Link
Basin Creek Power Project Butte, Montana Natural Gas
  • 3 units (2006)
53.1 MW [4]
CDECCA Power Plant Hartford, Connecticut Natural Gas
  • 1 GE Frame 6B gas turbine (1989)
62 MW [5]
Forked River Power Ocean County, New Jersey Natural Gas/Fuel Oil 86 MW [6]
Pawtucket Power Associates Pawtucket, Rhode Island Natural Gas
  • 1 GE Frame 6B gas turbine (1991)
64.6 MW [7]
Pittsfield Generating Facility Pittsfield, Massachusetts Natural Gas/Fuel Oil
  • 3 GE Frame 6B gas turbine (1980)
170 MW [8]

References and footnotes[edit]

  1. ^ "Maxim Power CorpTSX/Alpha:MXG". Marketwatch. TD Waterhouse. Retrieved 2012-08-25.
  2. ^ "Maxim Power Corp. Announces 2012 First Quarter Financial and Operating Results". Marketwire. Market wire Inc. Retrieved 2012-08-17.
  3. ^ "Alberta OK's coal power plant, angering eco groups". CBC News. Canadian Broadcasting Corporation. Retrieved 2012-08-25.
  4. ^ "Maxim Power Corp. Announces Agreement to Acquire Additional Coal Lease". Marketwire. Market wire Inc. Retrieved 2012-08-25.
  5. ^ "Alberta's power market 'upside down,' exec says as Maxim Power shuts down plant". Calgary Herald. Retrieved 2017-09-22.
  6. ^ a b "Maxim Power CEO out, company seeking financing options to avoid defaulting on loans". Calgary Herald. Retrieved 2017-09-22.
  7. ^ [1]

External links[edit]