# Crete Energy Venture LLC

PJM Natural Gas Fired Combustion Turbine · https://askthegrid.com/assets/facilities/crete-energy-venture-llc

Crete Energy Venture LLC is a natural gas-fired power facility with 356 MW of EIA-reported nameplate capacity in Will County, Illinois, registered as EIA Plant ID 55253. It functions as a flexible peaking resource and consists of four independently dispatchable simple-cycle units.

## Key facts

- Technology: Natural Gas Fired Combustion Turbine
- Power capacity: 356 MW
- Operating status: operating

## Grid and market context

- ISO/RTO: PJM
- Balancing authority: PJM Interconnection, LLC (PJM)

## Source-backed facts

- Owner logo domain: earthriseenergy.com — Main Home — Earthrise Energy · confidence: high
- Identifiers: [{"value":"55253","system":"EIA plant ID"},{"value":"GT1; GT2; GT3; GT4","system":"EIA generator IDs"},{"value":"PJM","system":"ISO/RTO"},{"value":"PJM Interconnection, LLC","system":"Balancing authority"},{"value":"02-93-000","system":"FERC exempt wholesale generator docket"},{"value":"EC05-141-000","system":"FERC Section 203 docket"},{"value":"ER25-682","system":"FERC/PJM market docket"},{"value":"549300WDDCGX8R7ADP63","system":"LEI"},{"value":"3328076","system":"Delaware registration entity ID"}] — Crete Energy Venture power station - Global Energy Monitor · confidence: medium
- Identifiers: [{"value":"55253","system":"EIA plant ID"},{"value":"GT1; GT2; GT3; GT4","system":"EIA generator IDs"},{"value":"PJM","system":"ISO/RTO"},{"value":"PJM Interconnection, LLC","system":"Balancing authority"},{"value":"02-93-000","system":"FERC exempt wholesale generator docket"},{"value":"EC05-141-000","system":"FERC Section 203 docket"},{"value":"ER25-682","system":"FERC/PJM market docket"},{"value":"549300WDDCGX8R7ADP63","system":"LEI"},{"value":"3328076","system":"Delaware registration entity ID"}] — Federal Register :: Crete Energy Venture, LLC; Notice of Filing · confidence: medium
- Identifiers: [{"value":"55253","system":"EIA plant ID"},{"value":"GT1; GT2; GT3; GT4","system":"EIA generator IDs"},{"value":"PJM","system":"ISO/RTO"},{"value":"PJM Interconnection, LLC","system":"Balancing authority"},{"value":"02-93-000","system":"FERC exempt wholesale generator docket"},{"value":"EC05-141-000","system":"FERC Section 203 docket"},{"value":"ER25-682","system":"FERC/PJM market docket"},{"value":"549300WDDCGX8R7ADP63","system":"LEI"},{"value":"3328076","system":"Delaware registration entity ID"}] — eLibrary | Docket Search Results · confidence: medium
- Official project url: https://earthriseenergy.com/portfolio-item/crete-energy-venture/ — Crete Energy Venture — Earthrise Energy · confidence: high
- Owner name: Earthrise Energy, PBC — Crete Energy Venture power station - Global Energy Monitor · confidence: medium
- Description: Crete Energy Venture LLC is an operating 356 MW natural-gas power plant in Crete, Will County, Illinois, at 25400 Hartman Drive. The plant has four operating gas-turbine generators, GT1 through GT4, each rated at 89 MW, and began operating in May 2002. It is located in the PJM market and has reported summer and winter capacities of 300 MW and 348.8 MW, respectively. — Crete Energy Venture power station - Global Energy Monitor · confidence: medium
- Identifiers.1: {"value":"GT1; GT2; GT3; GT4","system":"EIA generator IDs"} — Crete Energy Venture power station - Global Energy Monitor · confidence: medium
- Identifiers.5: {"value":"EC05-141-000","system":"FERC Section 203 docket"} — Federal Register :: Crete Energy Venture, LLC; Notice of Filing · confidence: medium
- Identifiers.6: {"value":"ER25-682","system":"FERC/PJM market docket"} — eLibrary | Docket Search Results · confidence: medium
- Parties.4: {"relationship":"Equity investor / parent-level sponsor","name":"Vision Ridge Partners","official_url":"https://vision-ridge.com/"} — Earthrise Energy Secures More Than $250 Million in Debt Financing — Earthrise Energy · confidence: medium
- Product url: https://www.gevernova.com/gas-power/products/gas-turbines/7e — 7E Gas Turbine (7E.03) | GE Vernova · confidence: high
- Description: Crete Energy Venture LLC is an operating 356 MW natural-gas power plant at 25400 Hartman Drive in Crete, Will County, Illinois, with four 89 MW combustion-turbine generators. The facility operates in the PJM market and began commercial operation in May 2002 after single-phase construction. Earthrise Energy acquired the plant in September 2022 from Eastern Generation, an ArcLight Capital Partners affiliate, and the project is currently identified as 100% owned by Earthrise Energy. The plant supplies peak-period power to PJM and uses natural gas delivered through the ANR and Vector pipeline systems. — Power plant profile: Crete Energy Venture Power Plant, US · confidence: medium
- Quality notes: ["Earthrise Energy’s portfolio page lists the acquired facility at 328 MW, while EIA-derived operating records and the detailed plant profile report 356 MW; this directory uses 356 MW for the current plant configuration.","The more than $250 million debt financing announced in December 2022 covered Earthrise Energy’s acquisition of five natural-gas peaking plants, including Crete; no plant-specific debt allocation or sale consideration was disclosed in the cited financing announcement.","The cited generator records list GT1 through GT4 as operating and state “Uprate/Derate Completed: No.” No dated expansion, retirement, or repowering event is identified in those plant records. A 2005 FERC filing documents an internal upstream-ownership reorganization, not a plant expansion or repowering."] — Crete Energy Venture — Earthrise Energy · confidence: medium
- Timeline: [{"event":"Construction and commercial operation","date":"2002-05","detail":"The project was developed in a single phase and commissioned in May 2002. GE Power supplied four 7E.03 gas turbines, each with 89 MW of nameplate capacity."},{"event":"FERC upstream-ownership reorganization filing","date":"2005-09-30","detail":"Crete Energy Venture LLC filed a Federal Power Act Section 203 application concerning the disposition of jurisdictional facilities associated with an internal reorganization of upstream ownership."},{"event":"Acquisition","date":"2022-09-06","detail":"Earthrise Energy acquired the 328 MW facility then identified as Crete from Eastern Generation, an affiliate of ArcLight Capital Partners. Earthrise’s portfolio page records the acquisition month as September 2022."},{"event":"Portfolio debt financing","date":"2022-12-20","detail":"Earthrise announced more than $250 million in debt financing from ING Capital, MUFG, Nord/LB, Associated Bank, Cadence Bank, and Siemens Financial Services. The financing supported the acquisition of five gas peaking plants, including Crete, but was not allocated by plant."},{"event":"Operating configuration recorded","date":"2024","detail":"The EIA-derived generator records identify GT1, GT2, GT3, and GT4 as operating natural-gas combustion turbines and list no completed uprate or derate."}] — Power plant profile: Crete Energy Venture Power Plant, US · confidence: medium
- Commercial parties.0: {"relationship":"Owner and acquiring operator","name":"Earthrise Energy, PBC","detail":"Acquired Crete Energy Venture from Eastern Generation in September 2022; the project is identified as 100% owned by Earthrise Energy.","official_url":"https://earthriseenergy.com/"} — Crete Energy Venture — Earthrise Energy · confidence: medium
- Commercial parties.0: {"relationship":"Owner and acquiring operator","name":"Earthrise Energy, PBC","detail":"Acquired Crete Energy Venture from Eastern Generation in September 2022; the project is identified as 100% owned by Earthrise Energy.","official_url":"https://earthriseenergy.com/"} — Power plant profile: Crete Energy Venture Power Plant, US · confidence: medium
- Commercial parties.4: {"relationship":"Equity investor and parent-level sponsor","name":"Vision Ridge Partners","detail":"Backed Earthrise Energy through equity investments that preceded Earthrise’s initial debt-financing rounds.","official_url":"https://vision-ridge.com/"} — Earthrise Energy Secures More Than $250 Million in Debt Financing — Earthrise Energy · confidence: medium
- Commercial parties.6: {"relationship":"Portfolio acquisition lender and financing lead","name":"MUFG Bank, Ltd.","detail":"Provided and helped lead the initial debt financing supporting Earthrise’s acquisition of five gas peaking plants, including Crete.","official_url":"https://www.mufgamericas.com/"} — MUFG Americas: Homepage · confidence: medium
- Commercial parties.7: {"relationship":"Portfolio acquisition lender","name":"Norddeutsche Landesbank – Girozentrale (Nord/LB)","detail":"Participated in Earthrise’s more than $250 million portfolio-level debt financing announced in December 2022.","official_url":"https://www.nordlb.com/"} — NORD/LB - Creating true value.: NORD/LB · confidence: medium
- Commercial parties.8: {"relationship":"Portfolio acquisition lender","name":"Associated Bank, N.A.","detail":"Participated in the December 2022 debt financing used to expand Earthrise’s operations and acquire five gas peaking plants.","official_url":"https://www.associatedbank.com/"} — Associated Bank · confidence: medium
- Commercial parties.9: {"relationship":"Portfolio acquisition lender","name":"Cadence Bank","detail":"Participated in Earthrise’s December 2022 portfolio debt financing.","official_url":"https://www.cadencebank.com/"} — Cadence Bank Now part of Huntington National Bank · confidence: medium
- Commercial parties.12: {"relationship":"Natural-gas pipeline supplier","name":"Vector Pipeline Co","detail":"Listed as one of the pipeline systems from which the plant procures natural gas.","official_url":"https://www.enbridge.com/about-us/natural-gas-transmission-midstream-and-lng"} — Power plant profile: Crete Energy Venture Power Plant, US · confidence: medium
- Commercial parties.12: {"relationship":"Natural-gas pipeline supplier","name":"Vector Pipeline Co","detail":"Listed as one of the pipeline systems from which the plant procures natural gas.","official_url":"https://www.enbridge.com/about-us/natural-gas-transmission-midstream-and-lng"} — Natural gas transmission, midstream and LNG · confidence: medium
- Acquisition detail: Earthrise Energy acquired the Crete Energy Venture plant from Eastern Generation as part of a two-plant PJM portfolio transaction that also included the Lincoln Generating Facility. — Two Illinois Gas Power Plants Acquired by Public Benefit Corporation Earthrise Energy · confidence: medium
- Acquisition date: 2022-09 — Earthrise Energy Acquires Natural Gas Plants in Northeastern Illinois — Earthrise Energy · confidence: medium
- Acquisition date: 2022-09 — Earthrise Energy Acquires Natural Gas Plants in Northeastern Illinois — Earthrise Energy · confidence: medium
- Seller: Eastern Generation — Two Illinois Gas Power Plants Acquired by Public Benefit Corporation Earthrise Energy · confidence: medium
- Prior owner: Eastern Generation — Two Illinois Gas Power Plants Acquired by Public Benefit Corporation Earthrise Energy · confidence: medium
- Acquirer: Earthrise Energy — Two Illinois Gas Power Plants Acquired by Public Benefit Corporation Earthrise Energy · confidence: medium
- Replacement or repowering: Earthrise proposes the separate Plum Valley Solar project, over 260 MWac with a 2028 commercial-operation date, connecting at the Crete Energy Venture point of interconnection and providing complementary generation rather than replacing the gas plant. — Plum Valley Creek Home — Earthrise Energy · confidence: high
- Status detail: Current records identify Crete Energy Venture LLC as operational with four operational generators totaling 356 MW. EIA-derived generator records list GT1, GT2, GT3, and GT4 as operating; the units are natural-gas-fired combustion turbines that began operating in May 2002. — Plum Valley Creek Home — Earthrise Energy · confidence: medium
- Operating status: operating — Crete Energy Venture power station · confidence: medium

## Timeline

- 2005-09-30 — FERC upstream-ownership reorganization filing
  Crete Energy Venture LLC filed a Federal Power Act Section 203 application concerning the disposition of jurisdictional facilities associated with an internal reorganization of upstream ownership.
  Source: Federal Register :: Crete Energy Venture, LLC; Notice of Filing (https://www.federalregister.gov/documents/2005/10/20/E5-5789/crete-energy-venture-llc-notice-of-filing)

## Sources

- [Main Home — Earthrise Energy](https://earthriseenergy.com/) — earthriseenergy.com · tier other
- [Crete Energy Venture power station](https://www.gem.wiki/Crete_Energy_Venture_power_station) — gem.wiki · tier other
- [Federal Register :: Crete Energy Venture, LLC; Notice of Filing](https://www.federalregister.gov/documents/2005/10/20/E5-5789/crete-energy-venture-llc-notice-of-filing) — federalregister.gov · tier regulatory
- [eLibrary | Docket Search Results](https://elibrary.ferc.gov/eLibrary/docketsheet?docket_number=ER25-682) — elibrary.ferc.gov · tier regulatory
- [Crete Energy Venture — Earthrise Energy](https://earthriseenergy.com/portfolio-item/crete-energy-venture/) — earthriseenergy.com · tier other
- [Earthrise Energy Secures More Than $250 Million in Debt Financing — Earthrise Energy](https://earthriseenergy.com/2022/12/20/earthrise-energy-secures-more-than-250-million-in-debt-financing/) — earthriseenergy.com · tier other
- [Power plant profile: Crete Energy Venture Power Plant, US](https://www.power-technology.com/data-insights/power-plant-profile-crete-energy-venture-power-plant-us/) — power-technology.com · tier other
- [7E Gas Turbine (7E.03) | GE Vernova](https://www.gevernova.com/gas-power/products/gas-turbines/7e) — gevernova.com · tier other
- [Two Illinois Gas Power Plants Acquired by Public Benefit Corporation Earthrise Energy](https://www.powermag.com/two-illinois-gas-power-plants-acquired-by-public-benefit-corporation-earthrise-energy/) — powermag.com · tier other
- [MUFG Americas: Homepage](https://www.mufgamericas.com/) — mufgamericas.com · tier other
- [NORD/LB - Creating true value.: NORD/LB](https://www.nordlb.com/) — nordlb.com · tier other
- [Associated Bank](https://www.associatedbank.com/) — associatedbank.com · tier other
- [Cadence Bank Now part of Huntington National Bank](https://www.savannahchamber.com/membership/member-directory/finance-and-insurance/banks/cadence-bank-now-part-of-huntington-national-bank-7074) — savannahchamber.com · tier other
- [Natural gas transmission, midstream and LNG](https://www.enbridge.com/about-us/natural-gas-transmission-midstream-and-lng) — enbridge.com · tier other
- [Plum Valley Creek Home — Earthrise Energy](https://earthriseenergy.com/plum-valley-solar/) — earthriseenergy.com · tier other

## Data quality

- Earthrise Energy’s portfolio page lists the acquired facility at 328 MW, while EIA-derived operating records and the detailed plant profile report 356 MW; this directory uses 356 MW for the current plant configuration. The cited generator records list GT1 through GT4 as operating and state “Uprate/Derate Completed: No.” No dated expansion, retirement, or repowering event is identified in those plant records. A 2005 FERC filing documents an internal upstream-ownership reorganization, not a plant expansion or repowering.

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Canonical page: https://askthegrid.com/assets/facilities/crete-energy-venture-llc

Source: Ask the Grid — https://askthegrid.com/