Constellation Energy to Acquire Rhode Island Energy Center for $715M
Constellation Energy will buy Shell’s Rhode Island State Energy Center for $715 million, about $580 million net of first-year tax benefits. The 609-megawatt natural-gas combined-cycle plant sells power and capacity into ISO New England. The deal is expected to be immediately accretive and not disrupt Constellation’s 2027 $5 billion share repurchases, while strengthening its PJM market position.