Shell sells its interest in RISEC to Constellation for $715 million, acquires Hunlock Creek

Sept. 10 (Reuters) - Shell's North American unit said on Thursday it has agreed to sell its interests in RISEC Holdings to Constellation Energy for $715 million, as part of its ongoing portfolio management efforts in the U.S. power market.

Separately, the British oil and gas major will also acquire 100% equity in Hunlock Creek Generating, which owns 169 MW of natural gas-fired generation capacity in Pennsylvania.

"We selectively invest in assets that strengthen our market position and create value, while remaining ready to realize value when market conditions present attractive opportunities," said Andrew Smith, Shell's president of trading & supply.

RISEC is the owner of the Rhode Island State Energy Center, a 609-MW, two-unit combined cycle gas turbine power plant that serves the New England power market.

Both transactions are subject to regulatory approvals and are expected to close in the first quarter of 2027.