NRG Energy finalises 13GW power asset deal with LS Power

NRG Energy has finalised the purchase of a portfolio from LS Power comprising 18 natural gas-fired generation facilities with a combined capacity of around 13GW, as well as CPower’s commercial and industrial virtual power plant (VPP) platform. In May 2025, NRG entered a definitive agreement to acquire LS Power Equity Advisors’ natural gas generation facilities and the C&I VPP platform portfolio. The transaction includes a cash and common stock deal valued at nearly $12bn. The enterprise value of the tr ...