Shell to buy Woodlands-based power company

Shell Energy North America, part of energy giant Royal Dutch Shell, plans to buy The Woodlands-based MP2 Energy LLC.

The deal is expected to close in the third quarter, according to a June 29 press release. Financial terms were not disclosed in the initial announcement.

MP2 will become a wholly owned subsidiary of Shell Energy North America, and its existing management team will continue to lead MP2 from The Woodlands.

MP2 Energy manages power plants; provides retail power to customers in Texas,…

Shell to buy Woodlands-based power company syndicated post

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