Shell subsidiary SENA has agreed to acquire Hunlock Creek Generating, a 169 MW gas-fired power plant in Pennsylvania, and sell its stake in RISEC to Constellation Energy Generation for $715 million. Both transactions are subject to regulatory approval and are expected to close in the first quarter of 2027.
Shell subsidiary Shell Energy North America (SENA) has entered into an agreement to acquire 100% of Hunlock Creek Generating, which owns 169 MW of gas-fired generation capacity in Pennsylvania.
At the same time, SENA has agreed to sell its stake in RISEC Holdings to Constellation Energy Generation for $715 million. RISEC owns a 609 MW, two-unit combined-cycle facility that supplies power to the New England market.
Both transactions are subject to regulatory approval and are expected to close in the first quarter of 2027. Shell has indicated that it aims to accelerate investment returns through an asset-backed trading approach.