Shell Energy North America Acquires 100% Stake in RISEC Holdings

Shell Subsidiary Completes Purchase of Rhode Island Gas-Fired Power Plant

Shell Energy North America (SENA), a subsidiary of Shell, announced it has completed the 100% equity stake acquisition of RISEC Holdings (RISEC), which owns a 609-MW two-unit combined-cycle gas-fired power […] The post Shell Subsidiary Completes Purchase of Rhode Island Gas-Fired Power Plant appeared first on POWER Magazine.

Shell Energy North America completes acquisition of Rhode Island combined-cycle power plant RISEC - US and Global News

Shell Energy North America (SENA), a subsidiary of UK‘s Shell plc, has finalized its acquisition of a 100% equity stake in RISEC Holdings, LLC (RISEC), which operates a 609-megawatt (MW) combined-cycle gas turbine power plant in Rhode Island, according to a Shell press release. RISEC is partly owned by Thai public limited company Electricity Generating Public Company Limited’s subsidiary, EGCO RISEC II, LLC The acquisition reinforces SENA’s stra…

Shell Energy North America Acquires 100% Stake in RISEC Holdings

Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc, has completed the previously announced 100% equity stake acquisition of RISEC Holdings, LLC, 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 f…