Calpine LLC, a subsidiary of Constellation (Nasdaq: CEG), has announced plans to move forward with the development of a natural gas power plant in Moundsville, West Virginia. The investment, which exceeds $1 billion, is expected to bring significant economic activity to the region.
Governor Patrick Morrisey highlighted the importance of this private-sector investment for West Virginia’s 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.”
The construction phase of the project is projected to create more than 400 jobs. Once operational, about 25 permanent positions will be available at the facility.
Since October, Governor Morrisey’s administration has secured approximately $6.5 billion in new private-sector investments and nearly 7,000 projected new jobs for residents. With two additional major announcements from federal programs—the Broadband Equity, Access and Deployment Program and the Rural Health Transformation Program—the total amount of investment commitments under Governor Morrisey has reached $8 billion with more than 8,000 anticipated jobs.
The Moundsville project was initially proposed in 2014 by another developer but remained inactive for over ten years. Calpine revived it last year due to improved market conditions and increased demand for reliable power generation within 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.”
This development marks one of Marshall County’s largest energy investments to date and underscores West Virginia’s ongoing contribution to national energy security.
