LSE:SHELOil and Gas
Shell (LSE:SHEL) Recasts US Power With Rhode Island Exit And Pennsylvania Move
Shell (LSE:SHEL) has agreed to sell a gas-fired power plant in Rhode Island as it reshapes its US power operations.
The group is acquiring a flexible power generation asset in Pennsylvania, expanding its footprint in the PJM wholesale electricity market.
Together, the two transactions mark a shift toward asset backed power trading in the largest US competitive power region.
Shell's Rhode Island exit and Pennsylvania purchase matter, but investors should weigh them against the wider Shell...