Boomerang! LS Power Buys Back 6 Gas Plants from NRG for $4B

Remember back in May 2025 when NRG Energy agreed to buy 18 natural gas-fired power plants (13 GW) from LS Power for about $12 billion, including five plants in Pennsylvania (see NRG Buys 18 Gas-Fired Power Plants, Including 5 in PA, for $12B)? That deal closed on January 30 of this year (see NRG Receives Final OK to Acquire LS Power’s Gas-Fired Power Plants). Now, a little over nine months later, LS Power is buying six of those plants back. Yesterday, LS Power and NRG announced a $4 billion cash deal for 4.9 GW of gas-fired generation in New York, Rhode Island, Connecticut and Texas. NRG's CEO said NRG wasn't even trying to sell; LS Power called with an unsolicited offer. Why does MDN care about plants in Queens and Burrillville? Because the three Northeast plants in the deal run on gas that, these days, comes mostly from the Marcellus/Utica.

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