BasRanch (TEF - Due Diligence)

ERCOT-25INR0008BetaActiveGasERCOTLBNL + Live

1,350 MW generation in Ward, TX · In queue since August 2020 · Proposed COD December 2028

BA: ERCOISO/RTO: ERCOTNERC: TRERC: ERCOT

1,350 MW

Capacity

Components

Gas

5y 11m

In Queue

IA Executed

IA Phase

Signed Jul 2025

Interconnection

Queue → IA

4y 11m

IA → COD

3y 5m

Total Duration

4y 11m

Construction75%

Queue EntryAug 4, 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 AgreementJul 16, 2025

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 24–48 months

Commercial Operation

Proposed COD: 2028-12-01

Cross-source intelligence

Beta

High confidence·5 sources·as of 2026-06-01

Expected COD

Dec 2028

From queue filing

Developer

Competitive Power Ventures

Filed as CPV Basin Ranch, LLC

Status

Active

Active — air permit secured Jan 2025, construction imminent per TCEQ approval

Financing

In progress

Project selected for Texas Energy Fund (TEF) loan program by PUC in Aug 2024; financing not yet closed

Key milestones

Financing closeAug 2024

Selected by PUC for Texas Energy Fund loan program (one of 17 projects, ~10 GW total)

source

Permit approvedJan 2025

TCEQ issued air permit for 1,350 MW combined-cycle plant

source

IA executedJul 16, 2025

Interconnection Agreement executed with ERCOT

source

COD targetDec 2028Most recent

Target commercial operation December 2028

source

Project lifecycle

as of 2024-08-30

OperationalNoUtility Dive · 2024-08-30

TechnologygasUtility Dive · 2024-08-30

DeveloperCompetitive Power VenturesUtility Dive · 2024-08-30

About

The BasRanch (TEF - Due Diligence) project is a proposed 1350 MW natural gas generation facility in Ward County, Texas. Developed by CPV Basin Ranch, LLC, the project is currently active in the ERCOT interconnection queue as entry ERCOT-25INR0008, with a queue entry date of August 4, 2020. The proposed commercial operation date is December 1, 2028, and the project's interconnection agreement status is currently in the Facility Study phase.

The proposed project consists of 1350 MW of natural gas-fired generation. The point of interconnection is a tap on the 345kV line between the Riverton Switch and the Sand Lake Switch. The BasRanch project has been the subject of recent news coverage related to regulatory matters.

Generated from interconnection queue and public data sources

ERCOT Queue

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

County

Ward

Grid Region

ERCOT (Texas)

Market

ISO/RTO Member

Developer

CPV Basin Ranch, LLC

Utility

—

Entity

ERCOT

Service Type

—

Point of Interconnection

tap 345kV Riverton Switch - Sand Lake Switch

Data Source

LBNL + Live

AgencyPublic Utility Commission of TexasUtility Dive · 2024-08-30

RulingApprovalUtility Dive · 2024-08-30

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_NORTH
Hub Confidence: LOW

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 (1)Beta

Last updated 2026-03-31

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Analysis

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

BasRanch (TEF - Due Diligence) (ERCOT-25INR0008) — Project Summary

BasRanch (TEF - Due Diligence)