Homer City Redevelopment Appoints Corey Hessen as CEO

Brings 25+ Years of Energy Sector Experience, Including in Power Generation

Will Lead Development of Country’s Largest Natural Gas-Powered Data Center Campus, Poised to Bring Unprecedented Level of Economic Opportunity to Region

Homer City Redevelopment LLC (“HCR”) today announced it has appointed Corey Hessen as Chief Executive Officer, effective immediately. Hessen replaces William A. Wexler who will transition into the role of Chairman of the Board of HCR’s parent company.

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Corey Hessen, Chief Executive Officer of Homer City Redevelopment

Hessen will be responsible for leading the transformation of the former Homer City coal power plant into a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing artificial intelligence (AI) and high-performance computing (HPC) needs of the innovative technology companies shaping America’s digital future. He brings more than 25 years of experience across the energy sector to HCR and is a recognized industry leader in both power generation operations and new asset development.

Working alongside HCR’s experienced on-the-ground team, Hessen will focus on overseeing all aspects of the long-term development and management of the Homer City Energy Campus, including construction and power generation and natural gas production. He will also collaborate closely with HCR’s partners, including Kiewit Power Constructors Co. and GE Vernova (NYSE: GEV).

Andrew Shannahan, a Partner at Knighthead Capital Management, LLC, and member of HCR’s parent company’s Board of Directors, stated, “Corey brings decades of experience leading transformational energy projects from inception to power generation that will be vital to the redevelopment of the Homer City Energy Campus. He has not only overseen the development of billions of dollars of new power generation assets but also brings crucial first-hand experience managing the assembly of the GE Vernova turbines that will power the new Homer City facility.”

Shannahan added, “This is an incredibly exciting time for Homer City, and we are confident that Corey is the ideal leader to drive this project forward alongside the talented HCR leadership team. We also want to thank Bill for his dedication to overseeing the initial phase of the project and helping us to accelerate our ability to unlock the immense level of economic opportunity this project will bring to Indiana County and the surrounding community. We are delighted in Bill’s continued involvement.”

Prior to HCR, Hessen served as CEO and Partner at Black Diamond Energy Partners, where he was responsible for all business activities including asset acquisition, operational functions and transaction structuring. Throughout his career, Hessen has also served in executive roles at TC Energy (NYSE: TRP), Constellation Energy Group (NASDAQ: CEG), Exelon Corporation (NASDAQ: EXC) and Xcel Energy (NASDAQ: XEL). He currently serves on the board of directors of ACES Delta.

Hessen stated, “The Homer City Energy Campus is going to be a game changer for energy generation in Pennsylvania, the entire Indiana County community and America’s digital future. I am thrilled to join the HCR team at such a pivotal moment, and I look forward to working closely with our best-in-class partners and local and state leaders to ensure Homer City’s transformation happens as quickly and seamlessly as possible.”

The new Homer City Energy Campus, which was announced on April 2, 2025, is expected to include the following key attributes and benefits:

• Delivery of up to 4.5 gigawatts (GW) of power to support AI-driven hyperscale data centers, while reducing greenhouse gas emissions by 60–65% per megawatt hour compared to the former coal plant.
• Deployment of numerous previously secured long-lead power components coupled with sufficient generating capacity to serve multiple large data center customers and supply power to thousands of homes on the local grid.
• Creation of more than 10,000 direct on-site construction-related jobs¹ along with approximately 1,000 total direct and indirect permanent high-paying positions² in technology, operations and energy infrastructure.
• An initial capital investment projected to exceed $10 billion for power infrastructure and site readiness, with data center development to inject billions more, making this the largest such investment in Pennsylvania’s history.

To learn more about the future Homer City Energy Campus, please visit: www.homercityredevelopment.com.

About Homer City Redevelopment

Homer City Generating Station began operations in 1969, employing thousands with jobs and millions of customers with energy when in production. Located only 50 miles east of Pittsburgh, the facility was the largest coal-burning power plant in Pennsylvania and is directly connected to both the PJM and NYISO transmission systems. After powering the region for nearly 55 years, the power plant was permanently decommissioned on July 1, 2023. The Homer City Generating Station has been revitalized through reinvestment and the creation of Homer City Redevelopment LLC. Working with committed and quality partners, HCR is vested in turning the old plant into something positively transformative.

For more information, visit: www.homercityredevelopment.com.

¹ Anticipated total number of direct on-site jobs related to the construction of both the natural gas-powered plant and the data center campus over an expected five-year period.

² Anticipated total number of direct and indirect permanent positions to support the operations of both the natural gas-powered plant and all aspects of the data center campus once running at full capacity following the completion of the construction.

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