(WO) — Shell Energy North America (SENA) has agreed to acquire 169 MW of natural gas-fired generation capacity in Pennsylvania while selling its interests in RISEC Holdings LLC to Constellation Energy Generation for $715 million.
SENA will acquire 100% of Hunlock Creek Generating LLC, which owns two gas-fired power facilities in Pennsylvania: a 125-MW, two-unit combined-cycle plant and a 44-MW simple-cycle peaking plant. The acquisition will give Shell additional supply and capacity exposure in the PJM Interconnection power market.
Shell said the assets will provide access to flexible gas-fired generation and complement its power and natural gas trading operations. Hunlock is currently owned by Riverview Power Holdings LLC, an indirect subsidiary of Castleton Commodities International LLC.
Separately, SENA will sell its interests in RISEC Holdings to Constellation Energy Generation for $715 million. RISEC owns a 609-MW, two-unit combined-cycle natural gas power plant serving the New England electricity market.
SENA has maintained an energy conversion agreement covering the RISEC plant’s full electricity output since 2019. That agreement will terminate when the transaction closes.
“These transactions reflect our dynamic approach to managing our trading portfolio,” said Andrew Smith, Shell’s president of Trading & Supply. “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.”
Both transactions remain subject to regulatory approvals and are expected to close during first-quarter 2027.
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