Deals Counterparts

PCL Construction to build Bison Generation Station

Development Utilities announced Williams County, United States Feb 9, 2026
USD4B
Deal Value
1490 MW
Capacity
construction
Stage
Bison Generation Station
Project

Basin Electric Power Cooperative selected PCL Industrial Construction Co. as the general contractor for the Bison Generation Station, a new natural gas-fueled generation facility in Williams County, North Dakota. The project represents a $4 billion investment to provide reliable, dispatchable power.

Deal Analysis

Basin Electric Power Cooperative's selection of PCL Industrial Construction Co. as the general contractor for the $4 billion Bison Generation Station signifies a substantial investment in dispatchable power generation. The project, located in Williams County, North Dakota, aims to construct a 1490 MW natural gas-fueled facility. This development underscores the ongoing need for reliable energy sources to complement intermittent renewable energy, particularly in regions experiencing growing electricity demand. The Bison Generation Station is notable for its scale and the involvement of key players in the energy and construction sectors. PCL Construction, a well-established employee-owned construction company with operations across North America, will serve as the EPC contractor. Basin Electric Power Cooperative, a not-for-profit generation and transmission cooperative, is driving the project to serve its 139 member cooperative systems across nine states. The project's size and the reputations of the involved parties suggest a commitment to long-term energy infrastructure development.
  • Project value of $4 billion indicates a substantial investment in energy infrastructure.
  • Capacity of 1490 MW will significantly increase power generation capacity in the region.
  • Involvement of Basin Electric Power Cooperative ensures reliable power supply for its member cooperatives.
  • PCL Construction's selection as general contractor brings expertise in large-scale industrial construction.
Market Context: The utilities sector is currently experiencing a transition towards a more diversified energy mix, with a focus on both renewable and dispatchable sources. Natural gas power plants continue to play a crucial role in ensuring grid stability and reliability, particularly in regions with growing energy demand and intermittent renewable energy sources.

Source Intelligence

KEY DETAILS

Construction begins in early 2026; with major commercial operation dates in 2029 and 2030

Deal Size
Construction contract supports Basin Electric’s nearly $4 billion Bison Generation Station
Capacity
two combined-cycle units totaling up to 1,490 MW
Location
Bison Generation Station, a new natural gas-fueled generation facility in Williams County, North Dakota
Announcement
Houston, Tex (February 9, 2026)
PARTIES MENTIONED IN SOURCE
B
Basin Electric Power Cooperative developer

"Basin Electric Power Cooperative (Basin Electric) has selected PCL Industrial Construction Co. (PCL) as the general contractor for the Bison Generation Station"

P
PCL Industrial Construction Co. general contractor

"Basin Electric Power Cooperative (Basin Electric) has selected PCL Industrial Construction Co. (PCL) as the general contractor for the Bison Generation Station"

high quality Enriched Feb 19, 2026

Timeline

Announced
Feb 9, 2026
Signed
Closed

Market Context

This deal is part of the Utilities sector in United States.
65
Utilities deals
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deals in United States
1 of 65 Utilities deals tracked this month · Updated daily

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