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28.4 MW Conventional Hydroelectric (2 MW) + Natural Gas Steam Turbine (27 MW) operating in Itasca, MN
28.4 MW
Nameplate Capacity
3
Generators
units
Hybrid (2)
Technology
Conventional Hydroelectric + Natural Gas Steam Turbine
1943
Operating Since
Coordinates
47.2345, -93.5368
County
Itasca, MN
Nearby Plants
Forward-looking, asset-specific exposure analytics combining climate hazards, generation variability, and counterparty risk into a single decision-grade view. Powered by InfraRisk.
See the full risk decomposition + scenarios for this asset.
| Field | EIA | GEM | Wikidata |
|---|---|---|---|
| Operator | ALLETE, Inc. | ALLETE | — |
| Owner(s) | ALLETE, Inc. | ALLETE | — |
| Status | Operating | — | — |
Rapids Energy Center is a hybrid power plant located in Itasca County, Minnesota. The facility, which began operating in 1943, has a total capacity of 28.4 MW across three generators. It is owned and operated by ALLETE, Inc. The plant utilizes both conventional hydroelectric and natural gas steam turbine technologies, with natural gas (NG) as its primary fuel source.
The plant operates within the Midcontinent Independent Transmission System Operator (MISO) balancing authority and the MRO NERC region. In terms of size, Rapids Energy Center is ranked 25th out of 33 power plants in Minnesota and 1246th out of 1963 nationally. The latest annual generation data indicates an output of 40,178 MWh, resulting in a capacity factor of 16.1%. Financial data is available for the plant, including a Power Purchase Agreement (PPA) price of $31.5 per MWh, sourced from FERC EQRs.
Generated from EIA, GEM, and public data sources
ISO/RTO
MISO
Market
ISO/RTO Member
NERC Region
MRO — Midwest Reliability Organization
Balancing Authority
Midcontinent Independent Transmission System Operator, Inc.. (MISO)
Grid Voltage
115.0 kV
Regulatory Status
RE — Regulated
Entity Type
Investor-Owned Utility
Sector
Electric Utility
Monthly net generation as reported to EIA-923 — useful for historical context. Confidence varies sharply by fuel type; the band above and the “About this data” button explain the caveats specific to this plant and how InfraSure’s in-house model handles them.
4.1K MWh
Latest Month
40.2K MWh
Annual Generation
16.1%
Capacity Factor
Forward-looking generation outlook with probabilistic ranges across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.
See the full forecast + scenario decomposition for this asset.
CO₂ Intensity
628 lb/MWh
NOx
0.182 lb/MWh
SO₂
0.003 lb/MWh
CH₄
0.012 lb/MWh
N₂O
0.001 lb/MWh
Capacity Factor
13.7%
Annual Net Gen
34 GWh
CO₂eq
628 lb/MWh
Subregion
MRO West
Historic financial signal for this asset — PPA, LCOE, market value where reported. The base for forward bankability and insurance analytics on the InfraSure platform.
ALLETE, Inc. · Data from 2019–2025
$40.0/MWh
PPA Price
Forward revenue, DSCR bands, and refinancing risk projected under price, demand, and policy scenarios. Powered by InfraSure's asset cashflow stack.
See the full revenue + DSCR projection for this asset.
Market Position
ISO/RTO Market
MISO
LMP Node
—
Pricing Hub
MINN.HUB
Node Source
OSM spatial match
No wholesale contracts disclosed in FERC EQR for this plant.
FERC EQR captures bilateral wholesale energy + capacity contracts ≥$1M/yr filed quarterly by jurisdictional sellers — covers renewable PPAs, thermal energy sales agreements, capacity contracts, and tolling agreements alike. Many plants don't appear: regulated-utility output flows to ratepayers via cost-of-service rather than bilateral contracts; small projects fall below the filing threshold; tax-equity-financed renewables route offtake to investors not utilities; merchant plants sell into ISO clearing markets without bilateral contracts. News-extracted buyer facts (below) may surface contracts disclosed only through announcements.
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