NRG Energy to Buy $12 Billion Worth of Assets Amid Power Demand Supercycle ...Middle East

NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power Equity Advisors, as the Houston-based firm bets on the growing U.S. electricity demand. The deal for the portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power will be a cash and common stock transaction, NRG Energy said on Monday. The acquisition will double NRG’s generation capacity with the addition of 18 natural gas-fired facilities totaling approximately…

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