Maxim Power Corp.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Robert Emmott
- Full Time Employees
- 51
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- 715-5th Avenue SW Calgary AB Canada T2P 2X6
- IPO Date
- Jan 5, 1994
- Website
- maximpowercorp.com
- Similar Companies
- Business
- Maxim Power Corp. (TSX:MXG) is an independent power producer that develops, owns, and operates power generation facilities; sells generating capacity, electricity, and related products; and explores additional development opportunities in Alberta, Canada. The company operates its core 300 MW H.R. Milner Plant (M2), a state-of-the-art combined cycle natural gas-fired power station located in Grande Cache, Alberta; the 6.5 MW Gold Creek Generating Facility near Grande Prairie, Alberta, which utilizes heat recovery; and, through subsidiaries Milner Power Inc., Milner Power II Inc., and Summit Coal Inc., manages coal leases and related power infrastructure. Maxim Power focuses on the utilities sector, serving Alberta's electricity markets with environmentally responsible projects including permitted gas-fired generation and wind power initiatives under development. Founded in 1993 and headquartered in Calgary, Alberta, the company maintains operations exclusively within Alberta, Canada, targeting regional power demand through merchant sales and capacity contracts. Subsidiaries support integrated power and resource activities, with Summit Coal providing coal assets integral to historical operations. In recent developments, Maxim Power entered a purchase and sale agreement on February 18, 2025, to divest its wholly-owned Summit Coal Limited Partnership and Summit Coal Inc. to Valory Resources Inc. for $14.2 million, including $10.2 million cash and $4.0 million in equity or convertible notes, expected to close in the first half of 2025 with net proceeds of $8.0 million and a related ground lease for a coal processing facility at the Milner site. The company amended its senior credit facility on November 7, 2024, increasing combined revolver and letter of credit availability to $25.0 million, releasing $10.1 million in restricted cash, and enhancing operational flexibility. On November 24, 2025, Maxim Power announced a partial settlement of its insurance claim related to a September 2022 non-injury fire at M2's air inlet filter house, yielding $6.5 million in proceeds; it also received Toronto Stock Exchange approval for a normal course issuer bid share repurchase program and released third quarter 2025 financial results.
Company News
Maxim Power Corp. Announces Annual General Meeting Election Results
Maxim Power Corp. Announces Annual General Meeting Election Results
Maxim Power Corp. (MXG:CA) M&A Call Prepared Remarks Transcript
Maxim Power Corp. Announces 2026 First Quarter Financial and Operating Results
Maxim Power Corp. Announces 2026 First Quarter Financial and Operating Results
Maxim Power Corp. Announces 2025 Fourth Quarter Financial and Operating Results
Maxim Power Corp. Announces Partial Settlement of Claim for Compensation Resulting in $6.5 million of Proceeds
Maxim Power Corp. Announces 2025 Third Quarter Financial and Operating Results
Maxim Power Corp. Announces 2025 Second Quarter Financial and Operating Results
Maxim Power Corp. Announces Annual General and Special Meeting Election Results
Maxim Power Corp. Announces 2025 First Quarter Financial and Operating Results
Maxim Power Corp. Announces that it has Closed the Sale of Summit Coal
Maxim Power Corp. Reports 2024 Financial and Operating Results with Revenue of $101 million and Record Annual Generation from M2
Maxim Power Corp. Receives Notice from Valory Resources Inc. to Exercise the Option to Purchase Summit Coal
Maxim Power: Alberta Power Producer Trading At Deep Discount To Replacement Value
M. Bruce Chernoff Updates Early Warning Reporting in Respect of Maxim Power Corp.
W. Brett Wilson Updates Early Warning Reporting in Respect of Maxim Power Corp.
Maxim Power Corp. Declares a Special Dividend of $0.50 per Share and Announces 2024 Third Quarter Financial and Operating Results, Amendment of the Senior Credit Facility, and Conversion and Termination of the Convertible Loan Facility
Maxim Power Corp. Announces Voluntary Repayment of Senior Credit Facility
Maxim Power Corp. Announces TSX Acceptance of Normal Course Issuer Bid