Represents One of the Largest Single-Site Natural Gas Transactions in North American History

Advances Homer City's Goal of Providing Pennsylvania-Driven Solutions to Meet the State's AI and Energy Needs

Homer City Redevelopment ("HCR") today announced an agreement in principle (the "Agreement") for EQT Corporation (NYSE:EQT) ("EQT") to serve as HCR's exclusive partner to source and supply the natural gas needed to power the 4.4 gigawatt natural gas facility that will serve the Homer City Energy Campus — a 3,200 acre AI and high-performance computing (HPC) data center campus currently under construction and slated to begin producing power in 2027. The project is designed to meet the needs of the innovative technology companies shaping America's digital future.

This partnership marks a major milestone in the execution of HCR's plan for the evolution of the former Homer City Generating Station, first announced on April 2, 2025. The project will transform the site that was previously home to Pennsylvania's largest coal-burning power plant into a next-generation power and data infrastructure hub, combining high-performance AI computing with a fully integrated, on-site natural gas generating station.

Under the Agreement, HCR will have an unparalleled level of gas supply redundancy for the site with the ability to source gas from both the Texas Eastern Transmission and Eastern Gas Transmission and Storage pipeline systems. HCR and EQT will unlock natural gas supply of up to 665,000 MMBTUs per day. The transaction is one of the largest single-site natural gas purchases in North American history.

Earlier today, GE Vernova also announced that it has finalized a full order to provide seven of its high efficiency 7HA.02 natural gas turbines to the Homer City Energy Campus, with the first deliveries expected to begin in 2026. Kiewit Power Constructors Co. – one of the premier engineering, procurement and construction (EPC) contractors in the country – is leading construction.