NRG Energy to sell six power plants to LS Power for $4 billion 

Nov 9 (Reuters) - Power producer NRG Energy NRG.N said on Monday it would sell six natural gas-fired power plants with a combined capacity of 4.9 gigawatts to LS Power for $4 billion in cash, as it looks to return more money to shareholders and reduce debt.

NRG Energy shares were up more than 7% in premarket trading.

Here are more details:

• The deal covers generation assets across New York, New England and Texas, and is slated to close in the second quarter of 2027

• NRG said the proceeds will help support $3 billion in share repurchases across 2026 and 2027. This includes a $1 billion share repurchase expected to begin before the end of the fourth quarter

• It also plans to reduce debt by $3 billion in 2027 following the transaction

• NRG Energy will retain its entire PJM portfolio and energy management company CPower, which it acquired from LS Power in January 2026

• Meanwhile, the Houston-based company posted third-quarter adjusted profit of $4.68 per share, up from $2.78 a year earlier