After the occurrence of 'Minamata disease' in 1950, mercury aroused much more attention, and lots of studies concerned have been made. The purpose of the present paper is to study the effect of mercuric chloride on the mitochondria suspension isolated from the liver tissue of Cyprinus carpio from the direct viewpoint of energy by using the microcalorimetric method. The metabolic thermogenic curves of the mitochondria suspension at 25C were obtained, and the mitochondria metabolic thermokinetic equations were established, from which we obtained the thermodynamic and thermokinetic parameters: thermogenic rate constant (k), heat output (Q), average heat power (Pav), etc. Experimental results indicated that low concentration of mercuric chloride (5 nmol Hg2+/(mg protein)) stimulates the thermogenesis of mitochondria, suggesting a strong effect of uncoupling action, while high concentration of mercuric chloride (20 nmol Hg2+/(mg protein)) inhibits the metabolism of mitochondria completely, suggesting a fatal effect on the phosphorylation system. The effect of Hg2+ on mitochondria is concentration-depended, from which the probable reaction mechanism of Hg2+ to the mitochondria was proposed. So the microcalorimetric method can be used in the toxicology research.