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This is the No. 1 electricity plant in the state.
Constellation Energy expands generation with a $715 million RISEC deal and long-term nuclear contracts to support reliability, returns and earnings growth.
Constellation (Nasdaq: CEG) today announced an agreement to acquire 100% of RISEC Holdings, LLC (RISEC), owner of the Rhode Island State Energy Center, from She
BALTIMORE--(BUSINESS WIRE)--Constellation (Nasdaq: CEG) today announced an agreement to acquire 100% of RISEC Holdings, LLC (RISEC), owner of the Rhode Island State Energy Center, from Shell Energy North America, (US), L.P. (SENA) a subsidiary of Shell plc (Shell) for $715 million, subject to customary purchase price adjustments.Located in Johnston, R.I., the Rhode Island State Energy Center is a combined-cycle electric generation facility, fueled by natural gas. The facility has two combustion.
Meta agreed to buy the clean energy attributes of the Clinton plant's 1,121 megawatts of nuclear output for 20 years, starting in June 2027. The plant is supported today by an Illinois zero-emission credit program, which the Meta agreement replaces when it expires in mid-2027.
Investors usually focus on reactor developers and uranium miners when deciding on allocations for investing in the nuclear renaissance. A narrow view on the nuclear sector could result in missed opportunities for investment returns in nuclear-adjacent companies.
Texas regulators just froze data-center hookups, and one application fee cut AEP Ohio's pipeline by more than half overnight.
Constellation Energy's nuclear portfolio is much larger, but Vistra has also locked in significant long-term demand from major technology companies. Constellation Energy expects base EPS to grow at least 20% annually through 2029, although that metric represents only part of total earnings.