Shell signs Hunlock Creek Generating acquisition and agrees to sell RISEC to Constellation

Constellation to acquire Rhode Island State Energy Center (RISEC) from Shell for $715 million

September 12, 2026

Energy

Constellation entered into an agreement to acquire 100% of RISEC Holdings, LLC, the owner of the Rhode Island State Energy Center, from Shell Energy North America for $715 million. The 609 MW combined-cycle natural gas facility is located in Johnston, Rhode Island and is expected to join Constellation’s merchant generation portfolio within ISO New England.

Hull Street Energy Acquires Four Long Island Power Plants from J-Power USA

January 30, 2025

Energy

Hull Street Energy (HSE) has acquired 100% of four New York thermal power plant companies — Edgewood Energy, LLC; Shoreham Energy, LLC; Pinelawn Power LLC; and Equus Power I, L.P. — from J-Power USA Generation, L.P. The portfolio (approximately 300 MW) will operate as part of HSE’s Milepost Power fleet to provide capacity and grid reliability to the Long Island market.

Shell completes acquisition of RISEC Holdings’ combined-cycle power plant

January 24, 2025

Energy

Shell Energy North America (SENA) completed its previously announced acquisition of a 100% equity stake in RISEC Holdings, LLC (RISEC). The 609 MW combined-cycle gas turbine plant continues supplying the ISO New England wholesale power market, securing long-term supply and capacity offtake for Shell.

Hull Street Energy Sells Basin Creek Power Plant to Basin Creek Acquisition (Platform Partners & William Pate)

January 9, 2025

Energy

Hull Street Energy sold Basin Creek HoldCo, LLC, a 53 MW natural gas-fired power plant in Butte, Montana, to Basin Creek Acquisition LLC, an acquisition vehicle formed by Platform Partners LLC and William Pate. The sale transfers ownership of the plant (formerly part of the Milepost Power portfolio) as Hull Street Energy exits the asset and the new owners take on a local generation and grid-reliability asset.

Shell Energy North America to acquire RISEC Holdings’ combined-cycle power plant

October 23, 2024

Energy

Shell Energy North America (SENA), a subsidiary of Shell plc, signed an agreement to acquire a 100% equity stake in RISEC Holdings, LLC (RISEC). RISEC owns a 609 MW two-unit combined-cycle natural gas power plant in Rhode Island, supplying the ISO New England wholesale power market.

Birch Creek Energy Acquires Foundation Solar Partners from Hull Street Energy

March 28, 2023

Energy

Birch Creek Energy, a St. Louis-based utility-scale solar development platform, has acquired Foundation Solar Partners, LLC from private equity owner Hull Street Energy. Foundation Solar, founded in 2019 and focused on utility-scale solar development across the United States, will be integrated into Birch Creek to expand its development pipeline and capabilities in solar and storage projects.