NRG Energy agrees to sell six natural gas plants to LS Power for $4 billion

Bitget2026/11/09 11:54

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NRG Energy agreed to sell six natural gas generation assets to LS Power for $4 billion in cash, subject to closing adjustments.
The assets total 4.9 GW of capacity; the price implies 8.0 times projected 2027 adjusted EBITDA.
Closing is targeted for the second quarter of 2027, leaving NRG with 20 GW of nationwide generation capacity.
Proceeds will support $3 billion in share repurchases across 2026 and 2027, including an incremental $1 billion starting before year-end 2026.
The sale will fund an additional $2 billion of debt reduction, bringing total planned 2027 debt reduction to $3 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NRG Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202611090654BIZWIRE_USPR_____20261108_BW045871) on November 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NRG Energy agrees to sell six natural gas plants to LS Power for $4 billion

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