Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc (Shell), has completed the previously announced 100% equity stake acquisition of RISEC Holdings, LLC (RISEC), which owns a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant in Rhode Island, USA.This acquisition maintains SENA's position in the deregulated Independent System Operator New England (ISO New England) power market, securing long-term supply and capacity offtake for Shell. In the coming decades, power demand is expected to increase in the ISO New England market due to growing decarbonization efforts in sectors such as home heating and transportation.
Shell Energy North America (SENA), a subsidiary of Shell, has completed the acquisition of RISEC Holdings, which owns a 609 MW gas power plant in Rhode Island.
This strengthens SENA's position in the ISO New England market, ensuring long-term supply amid rising power demand from decarbonisation efforts.
The deal aligns with Shell's cash capital expenditure guidance, which remains unchanged.
The acquisition has been absorbed within Shell's cash capital expenditure guidance, which remains unchanged.
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