NRG Buying LS Power Gas-Fired Plants in $12-Billion Deal

NRG Energy acquires 18 power plants as Texas power demand grows

The added facilities will double the company's power generation capacity.

NRG Buying LS Power Gas-Fired Plants in $12-Billion Deal

NRG Energy announced it would acquire 18 natural gas-fired power plants with 13 GW of generation capacity as part of a $12-billion cash-and-stock deal with LS Power. Houston, Texas-based NRG on May 12 said the deal, expected to close in the first quarter of 2026, would double the group's overall generation capacity portfolio to 25 GW. The gas-fired plants are located in the U.S. Northeast and Texas, the company said Monday. The post NRG Buying L…

NRG Energy to Buy $12 Billion Worth of Assets Amid Power Demand Supercycle

NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power Equity Advisors, as the Houston-based firm bets on the growing U.S. electricity demand. The deal for the portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power will be a cash and common stock transaction, NRG Energy said on Monday. The acquisition will double NRG…

NRG Energy to Buy Gas Power Assets From LS for $12 Billion

NRG Energy Inc. agreed to acquire natural gas-fired power assets from LS Power Equity Advisors LLC for about $12 billion including debt.

NRG Energy to acquire LS Power’s natural gas assets in $12bn deal

NRG Energy has entered an agreement to acquire LS Power Equity Advisors’ natural gas generation facilities and a C&I VPP platform portfolio.

NRG to Acquire Gas Generation Plants, VPP from LS Power for $12B

'The acquisition will double NRG's generation capacity to 25 GW, adding modern, flexible natural gas assets that cannot be replicated'.