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Constellation Buys Shell's Rhode Island Gas Plant for $715 Million

By Stocks Desk · 2026-09-13 · Updated 2026-09-13 01:38 UTC
A large industrial natural gas power plant with cooling towers and turbine structures standing in a rural landscape
Illustration: Tradingbird

Constellation Energy is acquiring Shell's 609-megawatt Rhode Island gas plant for $715 million to expand its New England footprint. Concurrently, Shell is swapping this asset for a smaller 169-megawatt facility in Pennsylvania to gain exposure to the PJM market, where surging data-center demand is driving up the value of dispatchable power.

  • According to GN auto stocks/utilities: power plant, Shell is simultaneously acquiring 100% of the 169-megawatt Hunlock Creek Generating facility in Pennsylvania to establish a foothold in the PJM Interconnection market. This move allows Shell to reposition its portfolio toward regions with higher data-center-driven demand, effectively swapping its New England asset for a strategic presence in one of North America's largest electricity grids.

    Source: tekedia.com

  • Constellation Energy expands its ISO New England footprint by acquiring the 609-megawatt Rhode Island State Energy Center from Shell for $715 million, adding dispatchable capacity to its merchant portfolio.

    Source: pulse2.com
Based on reporting by pulse2.com and tekedia.com, compiled by the Tradingbird desk.

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