Shell Just Sold a $715 Million Stake in a Major New England Asset to Constellation Energy. Here's What Investors Need to Know.

Key Points This is the No. 1 electricity plant in the state. RISEC is expected to be immediately accretive to its new owner upon completion. 10 stocks we like better than Shell Plc › A large energy asset in New England is about to change hands, if an agreed-upon new deal ends up closing. Global energy giant Shell (NYSE:SHEL) has signed a deal for one of its subsidiaries to sell the business that owns the Rhode Island State Energy Center (RISEC). The buyer is the sprawling U.S. utility company Constellation Energy (NASDAQ:CEG) , and the price is $715 million. RISEC is the No. 1 electricity-generating facility in its state by output; that, plus the transaction's price tag, makes this deal meaningful. Here's how it'll impact both companies.