Constellation to Acquire Rhode Island State Energy Center (RISEC) from Shell – Company Announcement
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Acquisition to expand Constellation's ISO New England portfolio with 609 megawatts of flexible, dispatchable generation that supports regional grid reliability BALTIMORE --(BUSINESS WIRE)--Sep. 10, 2026-- Constellation (Nasdaq: CEG) today announced an agreement to acquire 100% of RISEC Holdings, LLC (RISEC), owner of the Rhode Island State Energy Center , from Shell Energy North America, (US) , L.P. (SENA) a subsidiary of Shell plc (Shell) for $715 million , subject to customary purchase price adjustments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260909301280/en/ The Rhode Island State Energy Center in Johnston, R.I. Located in Johnston, R.I., the Rhode Island State Energy Center is a combined-cycle electric generation facility, fueled by natural gas. The facility has two combustion turbines and one steam turbine and is capable of generating up to 609 megawatts of electricity. The facility sells electricity and capacity into the competitive ISO New England wholesale power market and is expected to become part of Constellation's merchant generation portfolio. "The Rhode Island State Energy Center is a high-performing asset that perfectly complements Constellation's extraordinarily successful customer business in New England," said Joe Dominguez, chairman, president and chief executive officer, Constellation...
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