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Constellation Energy in deal to buy 609-MW Rhode Island gas plant from Shell
The deal expands Constellation’s ISO New England portfolio. In a separate transaction, Shell acquired a 169-MW Pennsylvania gas portfolio to grow its PJM Interconnection position.
AI Summary
Constellation Energy agreed to purchase a 609‑MW natural‑gas power plant in Rhode Island from Shell, adding the facility to its ISO New England portfolio. In a separate deal, Shell bought a 169‑MW gas portfolio in Pennsylvania to strengthen its presence on the PJM Interconnection. PwC data shows that power‑market mergers and acquisitions in the first half of the year rose 173% to $216 billion, compared with the same period in 2025.
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