NRG Energy has entered a definitive agreement to acquire LS Power Equity Advisors’ natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform portfolio. The transaction includes a cash and common stock deal valued at approximately $12bn.

NRG Energy has agreed to acquire LS Power’s portfolio of natural gas generation facilities and power plant platform in a cash-and-stock deal with an enterprise value of about $12 billion.The power company also boosted its earnings in the first quarter as revenue surged on gains across its regions and segments.

NRG Energy Inc. (NYSE: NRG) and LS Power Equity Advisors, LLC (“LS Power”) today announced that they have entered into a definitive agreement under which