Constellation Energy to buy Rhode Island energy center for $715 million
Constellation Energy (CEG) agreed to acquire 100% of RISEC Holdings, LLC, owner of the Rhode Island State Energy Center, from Shell Energy North America for $715 million; CEG and SHEL shares rose overnight after the announcement.
Shares of Constellation Energy Corp. (CEG) and Shell Plc (SHEL) rose in the overnight session late Thursday after Constellation said it would acquire 100% of RISEC Holdings, LLC, owner of the Rhode Island State Energy Center, from Shell Energy North America for $715 million. The facility has 609-meg…