{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Shell signs US power plant transactions as part of active portfolio management","text":"\u003Cp\u003E\u003Cstrong\u003EHouston\u003C/strong\u003E − Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc (Shell), has signed two transactions as part of its ongoing management of its US power portfolio.\u003C/p\u003E\n","links":[{"name":"Shell signs US power plant transactions as part of active portfolio management","value":"https://www.shell.us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management.html"}],"date":"2026-09-10T12:30:00.000Z"},"id":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://www.shell.us/about-us/_jcr_content/root/header/inherited.model.json","id":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://www.shell.us/"},{"name":"About Us","value":"https://www.shell.us/about-us.html"},{"name":"News and insights","value":"https://www.shell.us/about-us/news-and-insights.html"},{"name":"Media","value":"https://www.shell.us/about-us/news-and-insights/media.html"},{"name":"2026 Media releases","value":"https://www.shell.us/about-us/news-and-insights/media/2026-media-releases.html"},{"name":"Shell signs US power plant transactions as part of active portfolio management","value":"https://www.shell.us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management.html"}]},"id":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader.Date","color":"inherited","model":{"title":"Shell signs US power plant transactions as part of active portfolio management","text":"\u003Cp\u003E\u003Cb\u003EHouston\u003C/b\u003E − Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc (Shell), has signed two transactions as part of its ongoing management of its US power portfolio:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003EThe acquisition of 100% equity in Hunlock Creek Generating LLC (Hunlock), which owns 169 megawatts (MW) of natural gas-fired generation capacity in Pennsylvania.\u003C/li\u003E\r\n\u003Cli\u003EThe sale of interests in RISEC Holdings, LLC (RISEC) to Constellation Energy Generation, LLC for $715 million. RISEC owns a 609-MW, two-unit combined cycle gas turbine power plant that serves the New England power market.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n","date":"2026-09-10T12:30:00.000Z"},"id":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management/jcr_content/root/main/section/page_header_copy"},{"organism":"PromoSimple","color":"inherited","model":{"text":"\u003Cp\u003E“These transactions reflect our dynamic approach to managing our trading portfolio,” said Andrew Smith, Shell's President of Trading & Supply. “We selectively invest in assets that strengthen our market position and create value, while remaining ready to realize value when market conditions present attractive opportunities.”\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EThe acquisition of Hunlock strengthens Shell’s position in the PJM power market\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThe acquisition secures supply and capacity offtake for SENA in the Mid-Atlantic power grid operated by PJM Interconnection, the largest wholesale electricity market and grid operator in the USA.\u003C/p\u003E\r\n\u003Cp\u003EHunlock and its subsidiary own 169 MW of natural gas-fired generation capacity in Pennsylvania. The asset further strengthens SENA's position in the PJM market through access to flexible gas-fired generation and reinforces Shell's continued focus on investing in assets that complement its trading capabilities.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EThe sale of RISEC enables Shell to realize significant value on an accelerated timeline\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003ESENA’s earlier acquisition of RISEC ensured continued access to the plant's capacity and associated trading opportunities in the market, enabling SENA to deliver substantial value as part of its asset-backed trading portfolio. With this transaction, SENA will bring forward the return it expected to generate from its longer-term ownership through a significant gain on the sale.\u003C/p\u003E\r\n\u003Cp\u003EBoth transactions are subject to regulatory approvals and are expected to close in the first quarter of 2027.\u003C/p\u003E\r\n\u003Ch3\u003E\u003Cb\u003ENotes to editors\u003C/b\u003E\u003C/h3\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003ESENA’s focus is on power markets where it can play to its strengths, including trading and optimization, backed by increased access to battery energy storage systems and flexible power plants.\u003C/li\u003E\r\n\u003Cli\u003EPJM Interconnection manages the movement of electricity across 13 US states and the District of Columbia, serving more than 65 million people.\u003C/li\u003E\r\n\u003Cli\u003ESENA has maintained an energy conversion agreement with RISEC for the plant's full electricity output since 2019, which will terminate upon completion of the transaction.\u003C/li\u003E\r\n\u003Cli\u003EHunlock’s portfolio includes a two-unit, 125-MW combined-cycle power plant and a 44-MW simple-cycle peaking plant. Hunlock is currently owned by Riverview Power Holdings LLC, an indirect subsidiary of Castleton Commodities International LLC.\u003C/li\u003E\r\n\u003Cli\u003EThe Hunlock acquisition is projected to generate returns that exceed Shell’s investment requirements for its power business as outlined at Shell’s Capital Markets Day in 2025.\u003C/li\u003E\r\n\u003Cli\u003ESENA is a leading full-service energy company providing a comprehensive suite of solutions to commercial and industrial customers across wholesale and retail power, natural gas and environmental products markets. Headquartered in Houston, Texas, with regional hubs across North America, SENA has been active in energy markets for more than 25 years and owns gas-fired generation in some of the largest power markets in the United States.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003Ch3\u003EEnquiries\u003C/h3\u003E\r\n\u003Cp\u003E\u003Cb\u003EUK / International Media Relations:\u003C/b\u003E \u003Cbr\u003E\r\n\u003Ca href=\"tel:442079345550\"\u003E+44 20 7934 5550\u003C/a\u003E\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EAmericas Media Relations: \u003Cbr\u003E\r\n \u003C/b\u003E\u003Ca href=\"https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html\"\u003EContact Shell US Media Team\u003C/a\u003E\u003C/p\u003E\r\n\u003Ch3\u003ECautionary note\u003C/h3\u003E\r\n\u003Cp\u003EThe companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking statements\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. 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These forward-looking non-GAAP measures are provided to assist readers in understanding management’s use and expectations of such measures and may not be appropriate for other purposes.\u003C/p\u003E\r\n\u003Cp\u003EThe contents of websites referred to in this press release do not form part of this press release.\u003C/p\u003E\r\n\u003Cp\u003EWe may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website \u003Ca href=\"https://www.sec.gov/\"\u003Ewww.sec.gov.\u003C/a\u003E\u003C/p\u003E\r\n"},"colspan":8,"id":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management/jcr_content/root/main/section/promo_1962010312_cop"},{"organism":"Container","children":[{"organism":"Container","children":[{"organism":"CallToAction.Stacked","color":"brand3","id":"/content/experience-fragments/shell/countries/united-states/news-promo/new-master/jcr_content/root/call_to_action","model":{"links":[{"name":"Submit an Enquiry","value":"https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html","icon":"/content/dam/shell/icons/global/technology/mail-closed-hollow.svg"}]}},{"organism":"PromoCard","color":"brand1-subtle","model":{"title":"Powering Progress Together","text":"\u003Cp\u003EThe United States has been defined by a spirit of progress, pushing further, building more, and creating what’s next. 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(SENA), a subsidiary of Shell plc (Shell), has signed two transactions as part of its ongoing management of its US power portfolio.","date":"2026-09-10T12:30:00.000Z","links":[{"name":"canonical","value":"https://www.shell.us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management.html"},{"name":"hierarchy","value":"en_us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management"},{"name":"homeTitle","value":"About Us"},{"name":"homeUrl","value":"https://www.shell.us/about-us.html"},{"name":"locale","value":"en-US"},{"name":"title","value":"Shell signs US power plant transactions as part of active portfolio management | About Us"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/countries/united-states/en_us/about-us/news-and-insights/media/2026-media-releases/shell-signs-us-power-plant-transactions-as-part-of-active-portfolio-management"},{"name":"externalDisclaimerText","value":"Shell plc Legal Disclaimer\r\n\r\nYou are now leaving the Shell US website.\r\nThe link you have selected will direct you to a website that is not controlled by Shell plc or any member of the Shell Group. 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