PJM West–Marcellus leads with a $17.40/MWh spark spread at $2.99/MMBtu Henry Hub.

Live EIA data shows Henry Hub at $2.99/MMBtu. 79,687 substations mapped across 8 ISOs, with 3,357 high-confidence pnode matches powering zone-level LMP aggregation. Spark spreads are computed using regional gas basis differentials and ISO-estimated LMPs — positive spreads indicate profitable generation economics.

Recommendation

Initiate site control in PJM West–Marcellus within 60 days — delay beyond Q2 2026 risks losing substation headroom to competing queue entries. For ERCOT West, pursue hybrid gas-plus-wind positions but defer firm capital until CREZ transmission upgrades are confirmed.

Sources:EIA Open Data API v2PJM BRA ResultsFERC eLibraryPHMSA GISPnode Mapping DB

01 // Siting Intelligence

Strategic Position Summary

Live · HH $2.99/MMBtu

8.7A

PJM West — Marcellus

Confidence: ±0.5

Pipeline Capacity

2.1Bcf/d

+0.3 YoY

Substation Headroom

450MW

148 pnodes mapped

Avg. LMP

$36.23/MWh

Real LMP (Proprietary API)

Score Drivers

Fuel Depth(30%)

9.2

Transmission(25%)

8.1

Market Signal(20%)

9.0

Demand Proximity(15%)

8.5

Regulatory(10%)

8.0

Turbine Supply Signal

LIVE DATA

Pressure Index6/10

Lead Time29 months

TrendIncreasing

04 // Zone Spark Spreads

LIVE DATA

79,687 substations3,357 high-conf matches

PJM West — Marcellus

Spark Spread$17.40/MWh

LMP$36.23

Gas$2.69

Pnodes148

Real LMP (Proprietary API)

ERCOT West

Spark Spread$-0.23/MWh

LMP$17.20

Gas$2.49

Pnodes57

Real LMP (Proprietary API)

MISO South — Louisiana

Spark Spread—/MWh

LMP$31.20

Gas$—

Pnodes0

Mock Data

PJM East — Dominion VA

Spark Spread$14.60/MWh

LMP$36.23

Gas$3.09

Pnodes89

Real LMP (Proprietary API)

SPP — Oklahoma

Spark Spread$9.87/MWh

LMP$28.00

Gas$2.59

Pnodes23

ISO Historical Estimate

02 // Priority Zones

5 zones ranked

Zone	Score	Spark Spread	Key Advantage	Risk Factor
PJM West — Marcellus	8.7	$17.40	Proximity to cheap Appalachian gas	Moderate queue congestion at APS substations
ERCOT West	8.3	$-0.23	High wind curtailment creates firming opportunity	Transmission constraints in CREZ zones
MISO South — Louisiana	7.9	—	Henry Hub proximity, low gas basis	Slower permitting timelines
PJM East — Dominion VA	7.6	$14.60	Data center demand corridor (NoVA)	High land costs, environmental review
SPP — Oklahoma	7.2	$9.87	Low-cost gas, available land	Weaker capacity market signals

03 // Intelligence Feed

MKT2026-03-05+

FERC Order 2222 Compliance Deadline Extended

FERC extends deadline for aggregated distributed energy resource (DER) participation in wholesale markets to Q3 2026

MKT2026-03-01+

PJM Capacity Auction Results - 2026/27 Delivery Year

PJM announces 2026/27 capacity auction results with clearing prices reflecting tight supply conditions

MKT2026-02-28~

ERCOT Winter 2025-26 Operations Review

ERCOT reports tight operating conditions during February cold snap; wind generation contributed 18% of peak demand

MKT2026-02-25+

CREZ Transmission Upgrade - Phase 2 Completion

ERCOT CREZ Phase 2 transmission upgrades reach 85% completion; expected full operation by Q4 2026

MKT2026-02-20+

GE Vernova Announces Record Q4 2025 Orders

GE Vernova reports $12.3B in orders for Q4 2025, extending lead times to 28-30 months for gas turbines

MKT2026-02-15~

Natural Gas Prices Spike on Cold Weather

Henry Hub prices spike to $3.85/MMBtu on unexpected cold snap; basis spreads widen across major hubs

MKT2026-02-10~

Federal Reserve Rate Decision - Impacts Infrastructure Financing

Federal Reserve holds rates steady; market expects 2-3 rate cuts in 2026, improving project economics

MKT2026-02-05+

MISO Capacity Auction - 2027/28 Delivery Year Results

MISO 2027/28 capacity auction clears at $89.50/MW-day, up 12% YoY reflecting supply tightness

Infrastructure Network

Pipeline & Transmission Overlay

79,687 substations mapped to 3,357 pricing nodes across 5 priority development zones.