Competitive Power Ventures (CPV) is an energy company that develops, builds, and manages electricity generation facilities across the country to provide safe, reliable, cost-effective and environmentally-responsible power. CPV’s corporate mission is built around a belief that progressive companies can be powerful agents of change for a better world and a cleaner environment. To this end, we have focused our core activities on developing and operating energy facilities that make a significant difference in improving the environments and economic circumstances of the regions in which they are located.
The CPV Three Rivers Energy Center is an approximate 1,100 megawatt (“MW”) combined-cycle electric generating energy center, located in Goose Lake Township, Grundy County, Illinois.
A combined-cycle electric generator generates electricity from natural gas. The waste heat is used to make steam to generate additional electricity via a steam turbine. This highly efficient, state-of-the-art technology will generate local, cleaner electricity that reduces dependence on older power facilities and is better for our environment.
This site provides an optimal combination of factors that are important in deciding where best to locate an energy center, including close proximity to major 345kV transmission lines, on site major natural gas pipeline, cooling water access, and highway access. In addition, the area’s designation as an “Energy Corridor” with a highly-skilled workforce, experienced in building and operating energy projects was a strong draw.
The CPV Three Rivers Energy Center is an approximate 1,100 megawatt energy center and will occupy about 30 acres on an 80 acre site.
First, it is not a done deal. We will initially look to ascertain that the energy center will be a good “fit” for the community and CPV. Then we will proceed to work with both the state and the community to ensure that we address any concerns regarding the energy center site and its operation. We will work with the community to address any resident concerns or local issues that they might have. All of this will be done in a very open and public process.
From the very beginning of the process, there will be ample opportunities for public participation, comment, and review from residents and relevant stakeholder groups. CPV will host an informational open house, along with other educational forums to inform the community about the project, the overall process and how they can become active participants. Throughout the process we will continue to actively inform the community and residents about meetings, important events, and general updates about the project’s progress.
The community will benefit from the tax revenues during construction and operation, providing revenue to support vital public services, and school funding. We also make every effort to purchase local goods and services to benefit those living and working in the host community. Additionally, over the life of the CPV Three Rivers Energy Center, there will be both significant direct and indirect economic benefits from the ongoing operation and regular maintenance of the energy center.
The CPV Three Rivers Energy Center is a state-of-the-art energy center that will use the best available control technology to minimize emissions of pollutants. It will be fueled by natural gas which is by far the cleanest fossil fuel.
Modern energy centers are surprisingly quiet and this energy center will meet all local and state noise quality standards.
The high efficiency design of this energy center will conserve water and protect natural resources. CPV is looking to source approximately 3-7 million gallons a day of raw water provided by the Illinois River. Due to the efficient nature of the project, the water utilized will be able to be cycled through the plant, minimizing the amount of water needed for operations.
At peak construction approximately 300 – 500 union workers on site during a 30-month construction schedule, with strong efforts being made to use local labor and materials to the greatest extent possible. Once operational, energy center staff will be approximately 25 full-time well-paying jobs.
The energy center is expected to be operational by 2021.
Based on information from other communities where facilities have been built, we have seen no impact on property values as a result of new electric generation infrastructure.