Cedar Bayou 5 (TEF - Due Diligence) (ERCOT-23INR0029) — Project Summary

Queue ID
ERCOT-23INR0029
Capacity
697 MW
Technology
Gas
Status
active
Location
Chambers, TX
Region
ERCOT
Developer
NRG Cedar Bayou 5 LLC
IA Status
IA Executed

Cedar Bayou 5 (TEF - Due Diligence)

ERCOT-23INR0029BetaActiveGasERCOTLBNL + Live

697 MW generation in Chambers, TX · In queue since March 2020 · Proposed COD December 2027

BA: ERCOISO/RTO: ERCOTNERC: TRERC: ERCOT

697 MW

Capacity

1

Components

Gas

6y 4m

In Queue

IA Executed

IA Phase

Signed Jan 2022

Interconnection

Queue → IA

1y 10m

IA → COD

5y 11m

Total Duration

1y 10m

Construction75%
Queue EntryMar 26, 2020

Interconnection request submitted to ISO/RTO

Interconnection Study

ERCOT uses a serial "connect and manage" approach — fastest among major ISOs.

Typical: 18–30 months (fastest major ISO)

Interconnection AgreementJan 10, 2022

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 24–48 months

Commercial Operation

Proposed COD: 2027-12-15

Cross-source intelligence
Beta
High confidence·7 sources·as of 2026-06-01
Expected COD
Dec 2027
From queue filing
Developer
NRG Energy
Filed as NRG Cedar Bayou 5 LLC
Status
Active
Active — financing secured Sept 2025 via $562M Texas Energy Fund loan, construction expected to commence 2026
Financing
Secured
$562 million loan from Texas Energy Fund, finalized September 2025
Key milestones
IA executedJan 10, 2022

Interconnection Agreement executed with ERCOT

source
Financing closeSep 2025

NRG Energy secured $562M loan from Texas Energy Fund for 721 MW Cedar Bayou 5 plant

source
COD targetDec 2027Most recent

Target commercial operation date December 2027

source
About

The Cedar Bayou 5 (TEF - Due Diligence) project is a proposed 697 MW gas-fired generation project located in Chambers County, Texas. Developed by NRG Cedar Bayou 5 LLC, the project entered the ERCOT interconnection queue as queue ID ERCOT-23INR0029 on March 26, 2020, with a proposed commercial operation date of December 15, 2027. The project has an executed Interconnection Agreement (IA) dated January 10, 2022.

This development is linked to the existing Cedar Bayou 5 operating plant (EIA plant ID 68606). The project has been the subject of recent news coverage, with 10 articles related to deals and industry developments.

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

TX

County

Chambers

Grid Region

ERCOT (Texas)

Market

ISO/RTO Member

Developer

NRG Cedar Bayou 5 LLC

Utility

Entity

ERCOT

Service Type

Point of Interconnection

40000 Cedar Bayou 345kV

Data Source

LBNL + Live

DeveloperNRG EnergyNatural Gas Intelligence · 2025-10-02
AgencyPublic Utility Commission of TexasPOWER Magazine · 2024-08-29
RulingApprovalPOWER Magazine · 2024-08-29
TransactionProject financingThe Texas Tribune · 2025-09-26
Deal value$562.0MThe Texas Tribune · 2025-09-26
LenderTexas Energy FundThe Texas Tribune · 2025-09-26
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
ERCOT
Trading Hub
HB_HOUSTON
Hub Confidence
HIGH
Nearest Node (Estimated)
CBY5_CC1

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.

Insights & Articles (3)Beta

Last updated 2026-03-26

View all articles
InfraSure platform

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