LAKE ELSINORE ADVANCED PUMPED STORAGE PROJECT (CAISO-72) — Project Summary

Queue ID
CAISO-72
Capacity
500 MW
Technology
Battery
Status
active
Location
Riverside, CA
Region
CAISO
Developer
IA Status
IA Executed

LAKE ELSINORE ADVANCED PUMPED STORAGE PROJECT

CAISO-72BetaActiveOther StorageCAISOLBNL + Live

500 MW storage in Riverside, CA · In queue since June 2005 · Proposed COD December 2028

BA: CISOISO/RTO: CAISONERC: WECCRC: RCW

500 MW

Capacity

1

Components

Other Storage

21y 1m

In Queue

IA Executed

IA Phase

Signed Aug 2012

Interconnection

Queue → IA

7y 2m

IA → COD

16y 4m

Total Duration

7y 2m

Construction75%
Queue EntryJun 21, 2005

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 AgreementAug 11, 2012

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 6–18 months

Commercial Operation

Proposed COD: 2028-12-31

Cross-source intelligence
Beta
High confidence·5 sources·as of 2026-06-01
Expected COD
2028
From queue filing
Developer
Nevada Hydro Corporation
From queue filing
Status
Active
Active — FERC license application denied twice (Dec 2021, May 2023) due to incomplete Forest Service documentation; project rebranded as Bluewater Renewable Energy Storage Project in 2022 but remains in regulatory limbo
Financing
Unannounced
Key milestones
IA executedAug 11, 2012

Interconnection Agreement executed with CAISO

source
Permit approvedDec 2021

FERC blocked/denied license application for $2 billion project

source
Permit approvedMay 2023Most recent

FERC again denied license application due to incomplete Forest Service documentation

source
About

The Lake Elsinore Advanced Pumped Storage Project is a proposed 500 MW pumped storage development in Riverside County, California. The project is located within the CAISO region and is interconnected with San Diego Gas & Electric (SDGE). It entered the CAISO interconnection queue as queue ID CAISO-72 on June 21, 2005, with a proposed commercial operation date of December 31, 2028.

The project's Interconnection Agreement (IA) was executed on August 11, 2012. The point of interconnection (POI) is the proposed Lee Lake Substation at 500 kV. The Lake Elsinore Advanced Pumped Storage Project has been the subject of recent news coverage related to regulatory matters.

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

Riverside

Grid Region

CAISO (California)

Market

ISO/RTO Member

Developer

Utility

SDGE

Entity

CAISO

Service Type

NRIS

Point of Interconnection

Proposed Lee Lake Substation 500 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
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_NP15_GEN-APND
Hub Confidence
MEDIUM
Nearest Node (Estimated)
SPCJCT_1_B1
POI Substation
Lee

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.