LS Power to acquire 4.9 GW of gas-fired plants from NRG, boosting its US power capacity significantly

LS Power has signed an agreement to buy six natural gas power plants totaling 4.9 GW from NRG Energy across Texas, New York, Rhode Island, and Connecticut. This deal will expand LS Power's gas generation capacity from 2.2 GW to 11.5 GW, strengthening its presence in key US power markets amid rising electricity demand. The acquisition, expected to close in 2027 pending approvals, complements LS Power's diverse energy portfolio including renewables and storage. This move supports grid reliability with firm, dispatchable power essential for balancing renewable sources.

NRG Energy's stock price at USD 95.00 as of Nov 09, 2026, is closer to its 52-week low of USD 80.55 than its high of USD 184.03, showing significant volatility over the year. The 7.60% gain in one day contrasts with its longer typical hold time of 65 days on Pluang, reflecting active trading interest possibly linked to the announced asset sale. The dividend yield of 2.15% adds income appeal amid this strategic shift in NRG's portfolio.