10:09 AM EDT, 10/23/2024 (MT Newswires) -- Shell's (SHEL) unit, Shell Energy North America, said Wednesday it has signed an agreement to buy a 100% equity stake in Risec Holdings, which owns a 609-megawatt two-unit combined-cycle gas turbine power plant in Rhode Island.

Financial terms weren't disclosed.

The transaction is expected to be completed in Q1, the unit added.

The acquisition will be absorbed in the energy giant's capital expenses outlook, which remains unchanged, the unit said.

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