PR Newswire·Nov 9, 2026, 7:09 AM ET

LS Power to Acquire Six Natural Gas Power Generation Assets from NRG Energy

LS Power signed a definitive agreement with NRG Energy to acquire 4.9 GW of natural gas-fired generation facilities across six sites in Texas, New York, Rhode Island & Connecticut.
The acquired assets include Jack County & Johnson County combined-cycle plants, Ocean State Power, Ravenswood combined-cycle/simple-cycle/steam turbine units, R.W. Miller simple-cycle/steam turbine units, & Wallingford simple-cycle plant.
This deal expands LS Power's natural gas fleet from 2.2 GW to 11.5 GW when combined with the pending 4.4 GW acquisition from Constellation.
The transaction will grow LS Power's total generation capacity to over 19 GW, including hydro, solar, wind & battery storage assets.
The acquisition is projected to close in 2027, pending customary closing conditions & regulatory approvals.
Milbank LLP provided legal advice, while Scotiabank & Evercore served as financial advisors for LS Power.