07:16 AM EDT, 06/06/2024 (MT Newswires) -- Maxim Power ( MXGFF ) , which lost 4.7% yesterday, overnight Wednesday said that it expects the Milner 2 combined-cycle gas turbine to become operational within the first half of June, with the temporary derating largely restored.

Milner 2 had been under the temporary derating due to fill fouling within the legacy cooling tower system. M2 came offline in late May for a planned outage to address routine maintenance items. During that period, the company expedited cleaning efforts on the legacy cooling tower system.

Additionally, the company reported the election of six board members at the annual general meeting of shareholders held on June 5. The directors are Wiley Auch, M. Bruce Chernoff, Michael Mayder, Brad Wall, Andrea Whyte, and W. Brett Wilson.