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Shell’s Energy Portfolio Shuffle: Buying, Selling, and Shifting Strategy - Cozzy Energy Solutions
Shell PLC has completed arrangements to acquire a 169-megawatt natural gas-fired power plant in Pennsylvania while simultaneously selling a 609-megawatt combined-cycle gas power plant located in New England. Andrew Smith, Shell’s president for trading and supply, described the transactions as reflecting the company's approach to managing its trading portfolio, emphasizing strategic investment and value realization