Houston – September 16, 2026 -- Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc, has agreed to sell its interests in RISEC Holdings, LLC to Constellation Energy Generation, LLC for $715 million while simultaneously acquiring 100% equity in Hunlock Creek Generating LLC, a 169-megawatt gas-fired generation asset in Pennsylvania.
Shell exits New England plant to lock in accelerated gains
RISEC owns a 609-MW, two-unit combined cycle gas turbine power plant serving the New England power market. SENA has held an energy conversion agreement for the plant's full electricity output since 2019, an arrangement that will terminate once the Constellation sale closes. The company said the transaction brings forward returns it had expected to realize through longer-term ownership, delivering a significant gain on the sale.
Hunlock deal deepens Shell's footprint in the PJM grid
The Hunlock acquisition adds 169 MW of natural gas-fired capacity in Pennsylvania, comprising a 125-MW combined-cycle plant and a 44-MW simple-cycle peaking unit. The asset is currently owned by Riverview Power Holdings LLC, an indirect subsidiary of Castleton Commodities International LLC. The purchase secures supply and capacity offtake for SENA within PJM Interconnection, which coordinates electricity flow across 13 US states and the District of Columbia, serving more than 65 million people. Shell said the acquisition is projected to generate returns exceeding the investment thresholds set for its power business at its 2025 Capital Markets Day.
Executive frames both moves as active portfolio management
"These transactions reflect our dynamic approach to managing our trading portfolio,