The Cascade Power Project is a 900 Megawatt (MW) combined cycle natural gas-fired generating facility, being constructed approximately 12 kilometres southwest of Edson in Alberta’s Yellowhead County. Upon completion, the new plant will have the capacity to supply up to eight per cent of the province’s overall current energy needs. Financial close on the project was reached in August 2020. Construction is underway, and is scheduled for completion sometime in 2023. In 2021, the Alberta Indigenous Opportunities Corporation (AIOC) is announced that as its first commitment it has provided a loan guarantee to a consortium of six Alberta First Nations to enable their participation in the project.