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537.8 MW Natural Gas Fired Combustion Turbine (536 MW) + Petroleum Liquids (2 MW) operating in Martin, MN
537.8 MW
Nameplate Capacity
7
Generators
units
Hybrid (2)
Technology
Natural Gas Fired Combustion Turbine + Petroleum Liquids
2001
Operating Since
Coordinates
43.7984, -94.8414
County
Martin, 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 | Great River Energy | Great River Energy | — |
| Owner(s) | Great River Energy | Great River Energy | — |
| Status | Operating | — | — |
Lakefield Junction is a 537.8 MW hybrid power plant located in Martin County, Minnesota. The plant, which began operating in 2001, is owned and operated by Great River Energy. The primary fuel source is natural gas, and the plant utilizes natural gas-fired combustion turbine technology. Petroleum liquids are also listed as a fuel type. Lakefield Junction consists of seven generators.
The plant operates within the Midcontinent Independent Transmission System Operator, Inc. (MISO) balancing authority and the MRO NERC region. In the most recent year with available data, Lakefield Junction generated 63,940 MWh, achieving a capacity factor of 1.4%. The plant holds a rank of 5 out of 14 among power plants in Minnesota, and a national rank of 462 out of 945. Financial data indicates a PPA price of $24.84 per MWh.
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
345.0 kV
Regulatory Status
RE — Regulated
Entity Type
Cooperative
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.
6.1K MWh
Latest Month
63.9K MWh
Annual Generation
1.4%
Capacity Factor
Forward-looking generation outlook with probabilistic ranges across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.
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CO₂ Intensity
1728 lb/MWh
NOx
0.438 lb/MWh
SO₂
0.009 lb/MWh
CH₄
0.029 lb/MWh
N₂O
0.003 lb/MWh
Capacity Factor
1.7%
Annual Net Gen
79 GWh
CO₂eq
1730 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.
Great River Energy · Data from 2019–2025
$42.5/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.
Point of Interconnection
Nearest Substation
Martin County Substation · 345 kV
Substation Distance
< 10 km
Operator
Great River Energy
Coord Source
OSM spatial
Market Position
ISO/RTO Market
MISO
LMP Node
GRE.LKFLGR1
Pricing Hub
MINN.HUB
Location Type
Generation Node
Node Source
EIA-860 direct report
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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