NRG Agrees to Sell Six Gas Plants to LS Power for $4B

NRG Energy has agreed to sell six natural gas power plants totaling 4.9 gigawatts to an affiliate of LS Power for $4 billion in cash, the Houston-based company said Nov. 9. Three of the plants are in North Texas: the Jack County Generation Plant near Bridgeport, the Johnson County plant near Cleburne and the R.W. Miller plant in Palo Pinto County, all in the ERCOT market.

The other three are Ocean State Power in Rhode Island and Wallingford in Connecticut, both in the New England market, and Ravenswood in New York City. The purchase and sale agreement is dated Nov. 9, and NRG said closing is targeted for the second quarter of 2027, subject to working capital and other adjustments.