LS Power to Aquire Six NRG Gas Plants, Expanding Fleet to 11.5 GW

LS Power has agreed to acquire six natural gas-fired power generation facilities from NRG Energy, adding 4.9 gigawatts (GW) of capacity across Texas and the Northeast as electricity demand continues to grow.

The definitive agreement, announced Nov. 9, includes facilities in Texas, Connecticut, New York and Rhode Island. The transaction is expected to close in 2027, pending regulatory approvals and customary closing conditions.

The Texas facilities include the Jack County and Johnson County combined-cycle plants, along with the R.W. Miller facility, which uses simple-cycle and steam turbine generation. The remaining assets are Ocean State Power in Rhode Island, Ravenswood in New York, and Wallingford in Connecticut.

LS Power CEO Paul Segal said existing power plants are important to maintaining grid reliability as electricity demand rises.

"Significant investment in firm, dispatchable power remains essential to grid reliability, and facilities that are already built, permitted, and interconnected deliver that power today," said Segal.

He added that expanding the company's presence in Texas, the Northeast, and New York creates opportunities to support growing power demand.

The acquisition, combined with LS Power's pending purchase of approximately 4.4 GW of generation assets from Constellation, would increase its natural gas generation fleet from 2.2 GW to 11.5 GW.

The company's broader generation portfolio, which includes hydroelectric, solar, wind, and battery storage assets, is expected to exceed 19 GW following the expansion.

The transaction represents a significant increase in LS Power's generation capacity in major electricity markets, including Texas, where rising demand from population growth and industrial development has increased attention to power supply and grid reliability.