US EditionNRG Buying LS Power Gas-Fired Plants in $12-Billion Deal
- On May 12, 2025, NRG Energy announced a $12 billion deal to purchase a portfolio of 18 natural gas power generation facilities from LS Power, significantly expanding its presence across nine states, including key locations in Pennsylvania and Texas.
- The acquisition responds to a rapid rise in electricity demand driven by data centers, vehicle electrification, reshored manufacturing, and new heavy industry creating a power demand supercycle.
- This deal adds about 13 gigawatts of generation capacity, nearly doubling NRG's portfolio to 25 gigawatts and including plants in Pennsylvania’s multiple counties and other states.
- NRG CEO Larry Coben highlighted that the company is entering a significant phase of increased electricity demand, underscoring how the acquisition will enhance their ability to deliver dependable energy solutions for expanding industrial and data center customers.
- The acquisition is anticipated to finalize during the first quarter of 2026, enhancing NRG’s credit strength, accelerating its growth trajectory, and expanding its product portfolio to address the increasing power demands across the United States.
11 Articles
11 Articles
Houston Chronicle
C3 SolutionsNRG 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…
Coverage Details
Bias Distribution
- 80% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
