Sep. 11 at 2:11 AM
Shell’s North American subsidiary will sell its interests in RISEC Holdings to Constellation Energy for
$715 million, as part of Shell’s ongoing portfolio management in the U.S. power market. The deal includes RISEC’s ownership of the Rhode Island State Energy Center, a 609-MW, two-unit combined-cycle natural gas plant that supplies electricity to the New England market.
At the same time, Shell will acquire 100% of Hunlock Creek Generating, which operates 169 MW of natural-gas-fired generation capacity in Pennsylvania. Shell said the transactions reflect its strategy of selectively investing in assets that strengthen its market position and create value, while monetizing assets when market conditions provide attractive opportunities.
Both transactions are subject to regulatory approvals and are expected to close in the first quarter of 2027. The deals would allow Constellation to expand its presence in New England’s power market.
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