LOS ESTEROS CRITICAL ENERGY FACILITY EXPANSION (CAISO-378) — Project Summary

Queue ID
CAISO-378
Capacity
123 MW
Technology
Battery
Status
active
Location
Santa Clara, CA
Region
CAISO
Developer
IA Status
IA Executed

LOS ESTEROS CRITICAL ENERGY FACILITY EXPANSION

CAISO-378BetaActiveGasBatteryCAISOLBNL + Live

123 MW hybrid in Santa Clara, CA · In queue since May 2008 · Proposed COD September 2023

BA: CISOISO/RTO: CAISONERC: WECCRC: RCW

123 MW

Capacity

2

Components

Gas + Battery

18y 2m

In Queue

IA Executed

IA Phase

Signed Apr 2011

Interconnection

Queue → IA

2y 11m

IA → COD

12y 5m

Total Duration

2y 11m

Schedule

35 months past proposed COD

Study Phase

TC

Construction75%
Queue EntryMay 28, 2008

Interconnection request submitted to ISO/RTO

Cluster Study (Phase I/II)

CAISO uses cluster studies where projects are batched annually and studied together.

Typical: 36–48 months (IR to IA)

Interconnection AgreementApr 4, 2011

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 6–18 months

Commercial Operation

Proposed COD: 2023-09-01

Cross-source intelligence
Beta
Low confidence·4 sources·as of 2026-06-01
Expected COD
2023
From queue filing
Developer
Status
Active
Active — IA executed 2011, but project has not achieved commercial operation despite 2023 target; remains in queue as of June 2026
Financing
Unannounced
Key milestones
IA executedApr 4, 2011

Interconnection Agreement executed with CAISO

source
COD targetSep 2023Most recent

Original proposed commercial operation date (not achieved)

source
About

The Los Esteros Critical Energy Facility Expansion is a proposed hybrid project located in Santa Clara County, California, with a total capacity of 123 MW. The project, which has appeared in recent news, consists of a 120 MW gas component and a 3 MW battery component. It is interconnected to the CAISO grid under queue ID CAISO-378 and is linked to an existing operating plant.

The project entered the CAISO interconnection queue on May 28, 2008, with a proposed commercial operation date of September 1, 2023. An Interconnection Agreement (IA) was executed on April 4, 2011. The project's point of interconnection (POI) is the Los Esteros 115 kV substation, and the interconnecting utility is PG&E.

Generated from interconnection queue and public data sources

Development Risk

Realization risk from now to commercial operation — financing close, EPC and tax-equity counterparty mix, and COD probability vs the proposed date. The diligence view that determines whether the deal actually closes. Powered by InfraSure's development-stage modeling stack.

Available on the InfraSure platform

See the full development-risk decomposition for this project.

P(COD by stated date)
Financing close probability
EPC + tax-equity counterparty
Project Details

State

CA

County

Santa Clara

Grid Region

CAISO (California)

Market

ISO/RTO Member

Developer

Utility

PGAE

Entity

CAISO

Service Type

NRIS

Point of Interconnection

Los Esteros 115 kV

Data Source

LBNL + Live

Risk Analytics

Composite operating-phase risk view — what this asset's risk profile will look like once it commissions. Climate hazards across its operating life, expected generation variability, and offtake counterparty exposure, decomposed into a single decision-grade score. Powered by InfraRisk.

Available on the InfraSure platform

See the full risk decomposition + scenarios for this project.

Climate hazards (8+)
Generation variability (P10/P50/P90)
Offtake + transmission counterparty
Technology
Gas120 MW · 98%
Battery3 MW · 2%
Generation Forecast

Forward generation outlook — first-year production estimate and 10-year P50 trajectory, with probabilistic ranges (P10/P50/P90) across weather, demand, and policy scenarios. Powered by InfraSure's generation modeling stack.

Available on the InfraSure platform

See the full forecast + scenario decomposition for this project.

10-year P50 forecast
First-year output estimate
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR projection, and financing-close risk — conditioned on commercial operation. First-year DSCR, 10-year cashflow, and counterparty exposure across price and policy scenarios. Powered by InfraSure's asset cashflow stack.

Available on the InfraSure platform

See the full revenue + DSCR projection for this project.

10-year revenue projection
First-year DSCR
Financing close risk
Market Context
Approximate
ISO / RTO
CAISO
Trading Hub
TH_ZP26_GEN-APND
Hub Confidence
MEDIUM
Nearest Node (Estimated)
LECEFGT2_7_B1
POI Substation
Los Esteros Substation

This project's market context is estimated from its Point of Interconnection. Hub and node assignments are approximate and based on geographic inference from the POI substation name.

No insights available for this project.
InfraSure platform

Forward forecasts, scenario decomposition, and risk-decision tooling for this queue project.