And, of course, as investors, we've been able to profit from this trend again and again.

But today I'm going to tell you about an opportunity so big, it'll make your head spin.

MMC Energy (MMCN: OTCBB) is in the process of building a portfolio of power generating plants across the nation. Within the next year, I expect this outfit to have over 1,500 Megawatts of capacity.

That much power capacity is worth over $1 billion. Yet this company, which is brand new, has a market cap of less than $50 million.

And that's just one reason why I think we'll see 10 for 1 gains within 18 months. Short term, we're in line for a double or triple on our money, easily.

Here's the story....

After my first conversation with CEO and well-known energy executive, Karl Miller, when I realized the profit potential these guys are looking at, I was duly impressed.

The more I got into the story, and the more I talked with Karl, I realized we're witnessing a watershed event in the power generation industry.

That's one of the things I absolutely love about my job. I get to rub shoulders with some of the best in the world at what they do.

In many cases, as it is with Karl and his crew, these guys spend most of their careers in their respective industry, reach the top, and then decide to go out on their own and make vast improvements to the status quo.

What MMC Energy is doing right now is pure genius.

These guys are going after power generating assets-power plants-which, for a host of reasons, they can purchase at a deep discount. In a matter of months, these assets accrue to the bottom line, and the company realizes the full market value, which in many cases is as much as five or ten times the purchase price.

Of course, the first question is, ‘how do they do it?'

Well, it all started in the 90s, when the price of natural gas was thought to be on a perpetual slide, there was a glut of electric generation facilities across the United States.

The money flowed freely, as banks and other interests got involved in an industry they knew little about.

That may even be an understatement. Between 1997 and 2003, there was about 200,000 MW of additional electricity added to the US capacity - a 25% increase!

But then something happened.

Suddenly, with all of the excess capacity, the electricity market started operating very similar to the stock market - with companies bidding on how much electricity they would produce for the following day.

After that started, banks switched their long-term, safe loans to a shorter debt structure. On top of that, the price of natural gas began to skyrocket, and margins all but disappeared for many facilities.

The dozens of companies that once had steady income could no longer make payments. Shortly after that, the banks started taking ownership of the power generation assets, which meant a fire sale was imminent.

Today, with escalating energy demand throughout many parts of the United States, it's a different story.

And that is where MMC Energy comes into play.

Equipped with one of the most experienced management teams in the world of energy, they are acquiring these properties from dying companies, banks, and other power companies for, literally, pennies on the dollar.

The plan is to buy up these assets at extreme discounts and operate them individually, streamlining operations and selling the power into key markets.

Because most of these assets are small, the larger companies don't even look at them.

These guys, on the other hand, don't mind rolling up their sleeves - they love it. And it's enabling them to take their pick of the energy companies they want.

And they're getting them for a steal.

An excellent example would be the company's recent purchase agreement for two assets in California. MMC bought them for $2.6 million. The cost to build them?

$60 million!

That's the scope of discount this company works on. It's absolutely huge.

We're going to witness this tiny company as it goes on an acquisition binge over the next two years. In that time frame, we're looking at a $1.5 billion company, at a minimum.

For us, that means an absolute home run.

Nuts and Bolts

You've heard about the mess the energy industry is in. California, Enron....the scope of distress is deep and wide.

You see, from 1998 to 2003 the top 80 energy companies tacked on more than $500 billion in debt.

As a result of this gross mismanagement, there are scores of quality power generating assets available for literally pennies on the dollar.

MMC focuses on the small side of the market, at plants under $50 million, with an eye toward immediate 30% returns. But as the market revalues the assets, and the company, we'll realize returns in multiples of those numbers.

In a little over a year I expect this company to have amassed 2,500 Megawatts of generating capacity. I'll explain what this means in a minute.

You see, because the company is going after smaller assets, they just don't have any competition. The larger outfits just don't look at anything under the $100 million level.

Next Up

In the next several months we'll see this tiny company ramp up its acquisition program.

Now, one thing to understand is that while MMC is buying these assets at fire sale prices, once they've got them running and reorganized, the market will award the company full value for them, meaning this tiny company is going to grow like gangbusters.

And it's going to happen fast.

The numbers here are simply amazing. And I've seen some impressive management groups in my time, but these guys stand out as a who's who in the power business.

As a testament not just of the business, but management, consider this. These guys were approached by a Venture Capital firm several weeks ago. The VC outfit drooled when they heard the story, and offered them an immediate $100 million financing.

But management decided to pass, opting for total control of the company-a very smart move.

You know how I feel about management. Without a good team you're dead in the water. Fact is, MMC may well have the best management team I've ever seen. I won't reproduce their resumes here, but you can view them on the company's website: http://www.mmcenergy.com

Counting the board, there are eight guys who can fill the role of CEO on any energy company in the world, period.

MMC is the only public company in focused on this space...the first company to really get it done.

MMC targets energy-starved areas, like California, the Northeast and Texas, and focuses on natural gas powered plants. The locations are key. Obviously, they want to be in a high demand market.

So they think regional.

In Southern CA capacity is short. In Texas it's right at the margin. Remember, early this spring Texas had some blackouts. In the Northeast you've got some transmission problems.

On the other hand, the southern US is overbuilt, so MMC will avoid those areas.

And they focus on natural gas fired plants because they can buy them cheaply, due to the glut of plants built over the past decade.

From an investor and speculative perspective, the model is as old as real estate...buy low, sell high.

Karl Miller uses the three legged stool to describe the company's business plan:

• buy assets at a discount
• take high operating costs and squeeze them to create value...go after the top ten operating cost items (taxes, gas transportation, gas contracts, etc) to bring higher earnings to the bottom line.
• rebuild the income statement by focusing on opportunities that are out there today but were never pursued by previous management.

Bottom line is, MMC is an acquisition company. But one with deep management expertise in the power industry.

Over the course of the next two to three years, MMC plans on buying enough distressed, bargain power generating plants to amass 5,000 Megawatts of energy in the company's portfolio. To do this, MMC expects to spend about $200 million.

But get this. That much capacity will have an enterprise value of between $2.5 and $3 billion, or ten times what the company will spend. That's just the enterprise value.

We'll be looking at a share price appreciation of at least ten times, and probably much, much more than that.

This is a once in a lifetime opportunity to get in on the ground floor of a company that will revolutionize the power industry.

Establish a position now, before the company pops up on the radar screen.

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