# Cricket Valley Energy NYISO power_plant · https://askthegrid.com/nyiso/assets/plant/cricket-valley-energy Cricket Valley Energy is a 1,100 MW natural-gas-fired combined-cycle generating facility in Dover Plains, Dutchess County, New York. It sells electricity, capacity, and ancillary services into the NYISO wholesale market via a 345 kV interconnection to Con Edison's transmission system. Cricket Valley Energy Center LLC, formed in 2009 as a single-purpose project entity and developed by Advanced Power AG, is the facility's legal owner. holds a majority equity interest following an out-of-court recapitalization in which Kiwoom's mezzanine debt converted into common equity. ## Key facts - Technology: Natural Gas Fired Combined Cycle - Power capacity: 1312.4999999999998 MW ## Grid and market context - ISO/RTO: NYISO - Balancing authority: NYISO ## Source-backed facts - Technical.power mw: 1100 MW — jera.co.jp · confidence: review_required - Technical.commercial operation date: 2020-04-17 — jera.co.jp · confidence: review_required - Technical.site acres: 193 acres — newstimes.com · confidence: review_required - Technical.interconnection voltage kv: 345 kV — documents.dps.ny.gov · confidence: review_required - Transactions.jera.acquisition date: 2017-01 — jera.co.jp · confidence: review_required - Transactions.jera.ownership interest pct: 44 percent — jera.co.jp · confidence: review_required ## Timeline - 2009 — Cricket Valley formed as single-purpose project company Cricket Valley Energy Center LLC was formed as a single-purpose entity under New York Limited Liability Company Law to construct, own, and operate the facility. Source: nrc.gov (https://www.nrc.gov/docs/ML1316/ML13169A110.pdf) - 2013-02-14 — CPCN granted for facility construction and operation The New York Public Service Commission issued a Certificate of Public Convenience and Necessity (CPCN) to Cricket Valley Energy Center, authorizing the facility's construction, operation, and maintenance under a lightened regulatory regime. Source: documents.dps.ny.gov (https://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=%7B1397BAC8-26E5-4389-9448-67ED74888004%7D) - 2016-12-19 — PSC ruling on ownership transfers for construction financing The New York PSC issued a declaratory ruling on indirect ownership-transfer transactions by Cricket Valley and multiple affiliates (AP Cricket Valley Holdings II, MC CVEC Project Holdings, Kiwoom SPV, Development Bank of Japan SPV, and others) intended to enable construction financing and project development. Source: documents.dps.ny.gov (https://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=%7B1397BAC8-26E5-4389-9448-67ED74888004%7D) - 2017-01-26 — Original construction financing closed at USD 1.584 billion Cricket Valley announced successful financial close for the USD 1.584 billion construction project. The facility was fully permitted and approximately 1,100 MW. Financing comprised USD 709 million in equity commitments from JERA, TIAA Investments, Advanced Power, BlackRock, Development Bank of Japan, and NongHyup Financial Group, and USD 875 million in funded debt facilities from a syndicate of banks. Source: ippjournal.com (https://ippjournal.com/news/financial-close-reached-for-1-584-billion-energy-center-in-dover-new-york) - 2017-07 — Construction commenced Bechtel commenced construction of the Cricket Valley Energy Center on behalf of the project ownership group. Source: bechtel.com (https://www.bechtel.com/projects/cricket-valley-energy-center/) - 2018-01-04 — JERA sells 6% interest to Development Bank of Japan JERA sold 6% of its equity interest in Cricket Valley Energy Center to the Development Bank of Japan, reducing JERA's stake from approximately 44% to approximately 38%. Development Bank of Japan was an existing investor in the project. Source: jera.co.jp (https://www.jera.co.jp/en/news/information/20180104_16) ## Sources - [documents.dps.ny.gov](https://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=%7B1397BAC8-26E5-4389-9448-67ED74888004%7D) — documents.dps.ny.gov · tier authoritative - [documents.dps.ny.gov](https://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=%7B6D56A17B-CE7B-44D2-8560-C3961622659E%7D) — documents.dps.ny.gov · tier authoritative - [extapps.dec.ny.gov](https://extapps.dec.ny.gov/data/dar/afs/permits/prr_313260027500009.pdf) — extapps.dec.ny.gov · tier authoritative - [ippjournal.com](https://ippjournal.com/news/financial-close-reached-for-1-584-billion-energy-center-in-dover-new-york) — ippjournal.com · tier public_source - [bechtel.com](https://www.bechtel.com/projects/cricket-valley-energy-center/) — bechtel.com · tier public_source - [jera.co.jp](https://www.jera.co.jp/en/corporate/business/projects/cricket) — jera.co.jp · tier public_source - [jera.co.jp](https://www.jera.co.jp/en/news/information/20180104_16) — jera.co.jp · tier public_source - [jera.co.jp](https://www.jera.co.jp/en/news/information/20200420_488) — jera.co.jp · tier public_source - [newstimes.com](https://www.newstimes.com/local/article/FAQ-What-you-need-to-know-about-Cricket-Valley-13538814.php) — newstimes.com · tier public_source - [nrc.gov](https://www.nrc.gov/docs/ML1316/ML13169A110.pdf) — nrc.gov · tier authoritative - [olympuspower.com](https://www.olympuspower.com/plant/cricket-valley-energy-center) — olympuspower.com · tier public_source ## Data quality - Capacity discrepancy: 1,100 MW is the consistent rating per JERA, Bechtel, the owner asset manager, and the 2017 financial close. The 1,100 MW figure is supported by more sources and is the designated gross capacity rating. Financing vs. Original equity commitments of USD 709 million and debt facilities of USD 875 million are separately identified. Ownership structure: The December 2016 New York PSC ruling documents indirect ownership transfers by multiple holding entities (AP Cricket Valley Holdings II, MC CVEC Project Holdings, Kiwoom SPV, Development Bank of Japan SPV) intended to enable construction financing. This is a pre-construction corporate reorganization, not a plant sale. No retirement, repowering, or expansion of the physical facility is documented. Market role: Cricket Valley operates as a merchant generator selling energy, capacity, and ancillary services into NYISO via three GE combined-cycle units (PTIDs 323756, 323757, 323758). No system-operator designation or special service role is identified. --- Canonical page: https://askthegrid.com/nyiso/assets/plant/cricket-valley-energy Source: Ask the Grid — https://askthegrid.com/