Three Rivers Energy Center (PJM-AD1-039) — Project Summary

Queue ID
PJM-AD1-039
Capacity
102.7 MW
Technology
Gas
Status
active
Location
Grundy, IL
Region
PJM
Developer
IA Status
IA Executed

Three Rivers Energy Center

PJM-AD1-039BetaActiveGasPJMLBNL + Live

102.7 MW generation in Grundy, IL · In queue since July 2017 · Proposed COD February 2025

BA: PJMISO/RTO: PJMNERC: RFCRC: MISO

102.7 MW

Capacity

1

Components

Gas

9 years

In Queue

IA Executed

IA Phase

COD target: 2025

Status
as of 2y 9m ago
Project statusOperationalPOWER Magazine · 2023-08-20
Latest milestonecommercial operation achieved · 2023-08Power Technology · 2023-10-26
Expected COD2023NS Energy · 2020-09-03
Interconnection

Total Duration

7y 7m

Schedule

17 months past proposed COD

Construction75%
Queue EntryJul 29, 2017

Interconnection request submitted to ISO/RTO

System Impact Study

PJM processes interconnection requests through multi-phase System Impact Studies (SIS).

Typical: ~48 months (historically longest)

Interconnection Agreement

Interconnection agreement executed — binding commitment to build

Typical: 30–60 days (negotiation)

ConstructionCurrent

Project under construction

Typical: 24–48 months

Commercial Operation

Proposed COD: 2025-02-28

Cross-source intelligence
Beta
High confidence·4 sources·as of 2026-06-01
Expected COD
Aug 2023
Queue date 1–2 years staleQueue: 2025-02-28
Developer
Competitive Power Ventures
From queue filing
Status
Online
Online — commercial operation achieved August 2023, operating as 1,200 MW combined-cycle facility
Financing
Secured
$1.3 billion project financing closed in 2020, enabling construction to proceed
Key milestones
IA executed2017

Interconnection Agreement executed with PJM

source
Financing closeAug 2020

$1.3 billion project financing secured

source
COD targetAug 2023Most recent

Commercial operation achieved in August 2023

source
About

Three Rivers Energy Center is a proposed 102.7 MW gas-fired generation project located in Grundy County, Illinois. The project is in the PJM interconnection queue as entry PJM-AD1-039, with an interconnection queue entry date of January 1, 1970. The proposed commercial operation date is February 28, 2025, and the project has an executed Interconnection Agreement (IA). The proposed point of interconnection (POI) is at the Kendall-Tazewell & Dresden-Mole Creek substations, within the ComEd service territory.

The Three Rivers Energy Center project has been the subject of recent news coverage, with 10 articles appearing in the press. These articles primarily focus on industry trends, project development, deals, and grid-related topics.

Generated from interconnection queue and public data sources

Development Risk

Realization history for this asset — final cost vs plan, COD slip vs original date, and construction duration vs cohort. Retrospective context for the operating risk view above. Powered by InfraSure's development-stage modeling stack.

Available on the InfraSure platform

See the full development-risk decomposition for this project.

Final cost vs plan
COD vs original date
Construction duration vs cohort
Project Details

State

IL

County

Grundy

Grid Region

PJM Interconnection

Market

ISO/RTO Member

Developer

Utility

ComEd

Entity

PJM

Service Type

NRIS

Point of Interconnection

Kendall-Tazewell & Dresden-Mole Creek

Data Source

LBNL + Live

DeveloperCompetitive Power Ventures±Power Technology · 2023-10-26
EPC contractorKiewit Power ConstructorsPower Technology · 2023-10-26
TransactionProject financingPOWER Magazine · 2020-08-24
Deal value$1.3BPOWER Magazine · 2020-08-24
Risk Analytics

Composite operating risk view for this asset — climate hazards across its remaining operating life, observed 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 — 10-year P50 trajectory accounting for degradation, observed curtailment, and market conditions, 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
Degradation-adjusted CF
Weather + policy scenarios
Financial Forecast

Forward revenue, DSCR bands, and refinancing risk for this asset — 10-year cashflow projected under price, demand, 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 cashflow horizon
P10 / P50 / P90 DSCR bands
Price + demand + policy scenarios
Market Context
Approximate
ISO / RTO
PJM
Trading Hub
N ILLINOIS HUB
Hub Confidence
MEDIUM

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 (5)Beta

Last updated 2026-03-26

View all 5 articles

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InfraSure platform

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