How big is CPV Three Rivers Energy Center?

CPV Three Rivers Energy Center has a reported capacity of 1,300 MW. Source: EIA Form 860.

What kind of plant is CPV Three Rivers Energy Center?

CPV Three Rivers Energy Center is a Natural Gas Fired Combined Cycle facility in Grundy County, IL, participating in the PJM market.

Where is CPV Three Rivers Energy Center located?

CPV Three Rivers Energy Center is in Grundy County, IL, inside the PJM balancing area.

Who operates CPV Three Rivers Energy Center?

CPV Three Rivers Energy Center is operated by CPV Three Rivers, LLC according to the EIA generator inventory. Reporting membership does not by itself establish ultimate ownership.

How much electricity does CPV Three Rivers Energy Center generate?

CPV Three Rivers Energy Center reported 6,428.7 GWh over the twelve months to 2026-06. Figures are net generation as filed to EIA-923.

How does CPV Three Rivers Energy Center compare to other plants?

By capacity, CPV Three Rivers Energy Center ranks #39 of 538 operating plants of the same technology nationally. It ranks #1 of 8 in IL.

CPV Three Rivers Energy Center — 1,300 MW gas plant, IL

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CPV Three Rivers Energy Center — 1,300 MW gas plant, IL · Ask the Grid

Overview

Reported capacity: 1,300 MW
EIA-reported nameplate capacity; other nameplate and seasonal ratings may differ.
Technology: Natural Gas Fired Combined Cycle
Primary generation technology.
Registry anchor: Plant 63931
CPV Three Rivers, LLC · Grundy County · PJM
Commercial operation: August 16, 2023
Best-supported operating milestone.

Profile

Grid role: Dispatchable combined-cycle generation supporting PJM reliability and resource adequacy
Context: CPV Three Rivers was CPV’s largest project to date at financial close and was described as the only conventional greenfield power project to achieve financing in 2020. Its dispatchable output is sold into PJM’s COMED zone and is intended to support regional reliability amid facility retirements and rising demand.
Physical build: Kiewit engineered, procured, and constructed a 1,250 MW natural-gas combined-cycle plant configured as a 2x1x1 facility. The installed scope includes two GE Vernova 7HA.02 gas combustion turbines, two heat-recovery steam generators, two steam turbines, two air-cooled condensers, and fin-fan coolers. GE Vernova states that the two generating blocks each include one 7HA.02 gas turbine, one STF-A650 steam turbine, and one W84 generator.

Structured profile

Reported capacity: 1,300 MW
Natural Gas Fired Combined Cycle
Commercial operation: August 16, 2023
Location: Grundy County
PJM
Operator: CPV Three Rivers, LLC
Asset role: natural gas
PJM · Grundy County

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Units and generators

Operating generator records and technology attributes reported through EIA-860.

Generator	Capacity	Technology	Operation	Status
GEN1	650 MW 615.7 MW summer	Natural Gas Fired Combined Cycle Natural Gas · CS	Jun 2023	Operating
GEN2	650 MW 605.2 MW summer	Natural Gas Fired Combined Cycle Natural Gas · CS	Jun 2023	Operating

Performance

Monthly EIA generation history and recent market-resource behavior where linked telemetry is available.

Peer context

Technology capacity: 1,300 MW; Natural Gas Fired Combined Cycle
National rank: #39; of 538 operating peers
IL rank: #1; of 8 operating peers

Monthly generation

Download CSV

Latest 12 months

6.43 TWh

Reported net generation

Latest report

Jun 2026

EIA-923 monthly filing

2025 capacity factor

56.7%

Using current reported nameplate capacity

Grid and market context

Deterministic links to ERCOT market resources, price records, outage disclosures, queue records, and nearby infrastructure. Candidate joins remain labeled until corroborated.

Nearby substations

HIFLD infrastructure inventory

UNKNOWN156648

IN SERVICE · 138 kV

2.2 km

DRESDEN STATION

Commercial, land, and environmental record

Source-backed project transactions, agreements, land records, permits, and environmental disclosures. Portfolio and adjacent-project facts remain explicitly scoped.

Financing

Financial Close

Aug 24, 2020

Financial close with $875 million senior credit facilities arranged on true-club basis: $750 million seven-year mini-perm facility and $125 million ancillary facilities. Total private investment exceeded $1.3 billion across 14 international banks and equity investors.

$875.0M7 yearsCompetitive Power Ventures · GE Energy Financial Services · Osaka Gas USA · Axium Infrastructure · Harrison Street · BNP Paribas · Credit Agricole · MUFG · CIT · DNB · ING · Mizuho · Migdal · National Bank of Canada · Nomura · Morgan Stanley · Prudential · Shin Han Bank · Woori Bank

Competitive Power Ventures, GE Energy Financial Services, Osaka Gas USA, Axium Infrastructure and Harrison Street Close Financing on CPV Three Rivers Energy Center - Competitive Power Ventures

Transactions and agreements

Offtake And Fuel Supply Agreement

Sep 29, 2020

Advantage Oil & Gas (now Advantage Energy Ltd.) agreed to supply CPV Three Rivers with 25,000 MMBtu per day of natural gas for 10 years commencing commercial operation. Pricing based on spark-spread formula with natural gas price collar.

10 yearsAdvantage Oil & Gas Ltd. · Competitive Power Ventures

Advantage Oil & Gas Ltd. and Competitive Power Ventures Announce Long-Term Natural Gas Supply Agreement for CPV Three Rivers Energy Center - Competitive Power Ventures

Equity Interest Acquisition

May 2026

Osaka Gas USA acquired additional 10% equity interest in CPV Three Rivers Energy Center from Competitive Power Ventures subsidiary, increasing Osaka Gas USA ownership from 15% to 25% and assuming asset manager role. No price disclosed.

Osaka Gas USA Corporation · Competitive Power Ventures

Osaka Gas USA Acquires Additional 10% Equity Interest in Three Rivers Project from CPVNew | Osaka Gas USA

Revenue-Contract Structure

Date not disclosed

Axium Infrastructure portfolio record identifies approximately 90% of gross energy margin secured for first five operating years through power-price-based gas supply agreements with Morgan Stanley and Advantage Oil & Gas as counterparties.

5 yearsCPV Three Rivers Investment, LLC · Morgan Stanley · Advantage Oil & Gas

Portfolio – Axium Infrastructure

Land and environmental record

Reported Greenhouse Gas Emissions

2024

Unit 1 reported 1,226,708 tCO2e in the Illinois CEJA emissions table

Illinois EPA CEJA report lists CPV Three Rivers Energy Center Unit 1 in Morris, Grundy County with 1,225,469 CO2 and 1,226,708 total CO2e.

Source

Reported Greenhouse Gas Emissions

2024

Unit 2 reported 1,228,344 tCO2e in the Illinois CEJA emissions table

Illinois EPA CEJA report lists CPV Three Rivers Energy Center Unit 2 with 1,227,104 CO2 and 1,228,344 total CO2e.

Source

Related parties and identifiers

Parties, market resources, and identifiers tied to this asset, with owner, operator, developer, EPC, compliance provider, and interconnecting entity roles kept separate.

Relationship graph

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AssetOwner / operatorContractorEquipmentFinancier

Timeline and sources

Project milestones and public references behind the asset profile.

Project timeline

Aug 2020
Aug 2020
Construction CommencementCommercial ...
Construction of the CPV Three Rivers Energy Center commenced in August 2020, with Kiewit Power Constructors serving as EPC contractor.
Aug 24, 2020
Aug 24, 2020

CPV Three Rivers Energy Center