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Constellation to acquire 609 MW Rhode Island plant; earnings accretion expected

Sep 10, 2026, 3:21 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Immediate earnings accretion and NE portfolio expansion; deleveraging risk limited by tax-benefit guidance and buyback unchanged; favorable regulatory outlook in a stable market.

AI summary

What happened, with direct paths to the underlying reporting

Constellation Energy is purchasing RISEC, owner of the Rhode Island State Energy Center, for $715 million. The 609 MW natural gas-fired facility will join Constellation’s New England merchant portfolio and is expected to be immediately accretive to earnings, supporting its 10% unlevered return hurdle and not affecting its planned $5 billion buyback through 2027.

  • Constellation to acquire RISEC for $715 million; adds 609 MW in ISO New England.
  • Asset is a gas-fired combined-cycle plant; accretive to earnings upon closing.
  • Buyback capacity unchanged; transaction aligns with 10% unlevered return hurdle.
  • RISEC has served NE since 2002; enhances reliability and grid position.
  • Closing subject to regulatory approvals; project underlines NE expansion.

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