LS Power Completes $13 Billion Milestone Transaction with NRG Energy

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Today marks a significant milestone in LS Power’s history. We completed the sale of 13 GW of our gas generation fleet and CPower Energy Management, our demand response business, to NRG Energy for approximately $13 billion in cash and NRG common stock.

This transaction represents the culmination of years of strategic work by our team. We carefully assembled, expanded, redeveloped, and operated this portfolio to ensure grid reliability across the nation’s fastest-growing markets. This fleet delivered dependable power when and where it was needed most. None of this would have been possible without the expertise and dedication of our people, our most valuable asset.

As one of the leading energy infrastructure and investment companies in the United States, our approach remains unchanged: America needs “more of everything” to meet growing electricity demand while keeping power affordable and reliable. That means developing and operating more thermal generation and storage for firm capacity, more renewables for clean low-cost energy, more transmission to move it all around, and more distributed resources and energy efficiency platforms to reduce strain on the system.

The opportunities ahead have never been greater and LS Power is positioned to meet this moment.

Learn more about the transaction: HERE

Founded in 1990, LS Power is a premier development, investment, and operating company focused on the North American power and energy infrastructure sector, with leading platforms across generation, transmission and energy expansion solutions. Since inception, LS Power has developed or acquired 50,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through its transmission business, LS Power Grid, the company operates 7 transmission utilities, has built 780+ miles of high-voltage transmission with another 400+ miles currently in construction or development. LS Power actively invests in and scales businesses that are meeting the growing needs of the energy expansion, including electric vehicle charging, demand response, microgrids, renewable fuels and waste-to-energy platforms. Over the years, LS Power has raised more than $76 billion in debt and equity capital to support North American infrastructure. For information, please visit www.lspower.com.

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