Constellation agrees to purchase Rhode Island power plant from Shell for $715 million
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Key Takeaways
- Constellation is acquiring 100% of RISEC Holdings, LLC from Shell for $715 million.
- The Rhode Island State Energy Center is a natural gas-fueled, combined-cycle power facility located in Johnston, R.I.
- The transaction is subject to customary purchase price adjustments.
Constellation (Nasdaq: CEG) announced on September 10, 2026, that it has reached an agreement to acquire RISEC Holdings, LLC. The entity is being purchased from Shell Energy North America (US), L.P., which is a subsidiary of Shell plc.
The acquisition price for the transaction is $715 million. This figure is subject to customary purchase price adjustments as part of the closing process.
The primary asset included in the transaction is the Rhode Island State Energy Center, located in Johnston, Rhode Island. The facility is a combined-cycle electric generation plant that utilizes natural gas as its fuel source.
The facility features two combustion turbines used for power generation. Upon the completion of the acquisition, Constellation will hold 100% ownership of the generation center.
