January 22, 2026 Governor Morrisey Announces $1 Billion-plus Calpine Corporation Investment ...

New Natural Gas Plant Advances Governor Morrisey's 50 by 50 Energy Plan

MARSHALL COUNTY, W.Va. - Governor Patrick Morrisey today announced that Calpine LLC, a business unit of Constellation (Nasdaq: CEG), is moving forward with the development of a natural gas power plant in Moundsville, marking a more than $1 billion private-sector investment in West Virginia's energy economy.

"This is the kind of private-sector investment that drives long-term growth for West Virginia," said Governor Morrisey. "By expanding our energy infrastructure and strengthening our power grid, we are creating real opportunities for workers, supporting local communities, and positioning our state to meet the growing energy needs of the nation."

Calpine's investment in the plant would exceed $1 billion and is expected to create more than 400 construction jobs along with approximately 25 permanent jobs once operational.

Since October, Governor Morrisey has secured approximately $6.5 billion in new private-sector investment and nearly 7,000 projected new private-sector jobs for West Virginians. When combined with two major investment announcements from the Trump Administration (The Broadband Equity, Access and Deployment Program and the Rural Health Transformation Program), total investment commitments under Governor Morrisey have climbed to $8 billion, with more than 8,000 projected jobs.

The project was originally proposed in 2014 by a different developer, but it remained dormant for more than a decade. Calpine revived the project last year and is now advancing development based on improved market conditions and strong demand for reliable power generation in PJM, the regional grid operator.

"Calpine is moving forward with the project thanks to improved market conditions and Governor Morrisey's 50 by 50 initiative," said Suriyun Sukduang, Calpine Vice President of Origination. "Our strong history of building and operating gas-fired generation makes us a strong partner for a community that will benefit from a more reliable electric power grid, local jobs, tax revenues, and targeted philanthropic support that improves education, workforce development, environmental projects, and economic opportunity."

The project represents one of the largest energy investments in Marshall County's history and reflects West Virginia's continued role as a key contributor to America's energy security.

About Calpine LLC

Calpine LLC is America's largest generator of electricity from natural gas and geothermal resources, operating 79 facilities with more than 27,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, we serve customers in 22 states and Canada. The Geysers, a wholly owned indirect subsidiary of Calpine, is the world's largest geothermal electrical operation, supplying renewable baseload energy to California every hour of every day. Calpine is a business unit of Constellation (Nasdaq: CEG). If you would like to learn more about Calpine, follow us: Linkedin.com/company/Calpine.