LS Power announced in New York on November 9 that it has agreed to buy six natural-gas-fired power generation facilities from NRG Energy, with a combined capacity of 4.9 gigawatts. The portfolio includes Ravenswood in New York and plants in Connecticut, Rhode Island and Texas, expanding LS Power’s planned presence in electricity markets where it sees growing demand.
The company’s announcement describes a definitive agreement, not a completed transfer. Closing is expected in 2027 and remains subject to customary conditions and regulatory approvals. It did not disclose a purchase price or provide a specific closing date.
The facilities are Jack County and Johnson County combined-cycle plants in Texas; Ocean State Power in Rhode Island; Ravenswood in New York; R.W. Miller in Texas; and Wallingford in Connecticut. The listed portfolio includes combined-cycle, simple-cycle and steam-turbine generation. The 4.9-gigawatt figure measures generating capacity, not electricity already produced or sold under the new ownership.
LS Power Chief Executive Paul Segal said already built, permitted and interconnected plants can support grid reliability and described firm, dispatchable generation as part of a mix that also includes renewable power and distributed resources. Those are the buyer’s reasons for the acquisition. The release does not quantify how much additional electricity these existing plants will generate after a sale.
For New York and the other affected markets, the immediate change proposed is ownership of existing generating assets, rather than construction of six new plants. That distinction matters when assessing reliability and supply: a purchase agreement does not by itself add 4.9 gigawatts of newly built capacity to the grid.
LS Power said this transaction, together with a separate pending acquisition of about 4.4 gigawatts from Constellation, would increase its natural-gas fleet from 2.2 gigawatts to 11.5 gigawatts. The larger figure depends on both acquisitions, not just Monday’s NRG agreement. The Constellation transaction is also described as pending, rather than already part of the operating fleet.
Including hydro, solar, wind and battery storage, LS Power said its total generation fleet would grow to more than 19 gigawatts. That is the company’s projected portfolio after the transactions. The announcement does not provide a plant-by-plant investment budget, changes in staffing or new customer contracts tied to this deal.
The business significance is a larger position in existing power infrastructure across several regional markets. But the price, financing terms, detailed approval timetable and future operating plans remain undisclosed in the release. It also makes no promise that the ownership transfer will reduce household electricity bills. Whether the transaction closes and what LS Power does with the plants are the next questions.
JBizNews Desk | New York
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