December 22, 2020 | 1 minute read

WASHINGTON, DC – The Three Rivers Energy Center Project in Illinois received the US Power Deal of the Year Award at the recent Project Finance International Awards. Bracewell LLP represented Competitive Power Ventures (CPV) in connection with the equity investment by Osaka Gas USA, Axium Infrastructure and Harrison Street.

Three Rivers is a planned 1,250-MW combined cycle gas turbine located in Grundy County, near Chicago. The facility will be capable of selling enough power into the PJM energy market to serve more than 1.25 million homes and businesses in northern Illinois. Three Rivers is expected to begin commercial operation in 2023.

CPV is a leading North American electric power generation development and asset management company, based in Silver Spring, Maryland. Three Rivers is its biggest power plant to date.