CAREERS CONTACT US CORPORATE INVESTORS NEWS ASSETS HR MILNER GENERATING STATION Milner 2 The Milner 2 (“M2”) power plant is a 204 MW state-of-the-art natural gas-fired turbine generator located at the HR Milner Generating Station site near Grande Cache, Alberta. The M2 unit was commissioned in Q2 2020 and is the largest simple cycle natural gas-fired power plant in Alberta. Having previously procured the HRSG, the M2 unit has the option to increase its capacity in combined cycle to approximately 300 MW and lower its operating costs significantly. Milner 1 The 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. Milner 1 is currently permitted to run at a 9% capacity factor until December 31, 2029. As a result of commissioning M2, M1 has been laid up with the option to restart at a later date as a stand-alone unit or in combined cycle operation with Milner 2. Power produced from M2 and M1 is sold to the Alberta Electric System Operator (“AESO”). HR Milner Power Projects Summit Coal Contingent Loss Factor Claim (403) 263-3021 (403) 263-9125 - fax Send email 1800, 715 - 5th Avenue S.W. Calgary, Alberta, CANADA T2P 2X6 Corporate Investors News Assets ABOUT US Based in Calgary, Alberta, Maxim Power Corp. ("MAXIM") is one of Canada's largest truly independent power producers. MAXIM is now focused entirely on power projects in Alberta. Its core asset - the 204 MW H.R. Milner Plant ("M2") in Grande Cache, AB is a state-of-the-art natural gas-fired power plant that commissioned in Q2, 2020. MAXIM is currently increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. In addition, MAXIM continues to explore additional development options in Alberta including its currently permitted gas-fired generation projects and the permitting of its wind power generation project. MAXIM trades on the TSX under the symbol MXG. SEARCH ©2021 Maxim Power Corp. All rights reserved.