---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-124147"
form_type: "8-K"
ticker: "NRG"
cik: "0001013871"
company_name: "NRG ENERGY, INC."
filed_at: "2026-11-09T12:02:22+00:00"
generated_at: "2026-11-09T12:05:16.281845+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NRG to sell six gas plants (4.9 GW) to LS Power for $4B cash, funding $3B of buybacks

## Summary
- Definitive agreement sells six natural gas generation assets to LS Power for $4B cash, an implied 2027 valuation of 8.0x EV/Adj. EBITDA, subject to working capital adjustments.
- Assets total 4.9 GW: Ravenswood (NYISO), Ocean State Power and Wallingford (ISO-NE), and Jack County, Johnson County and R.W. Miller (ERCOT).
- Closing targeted for Q2 2027, subject to HSR, FERC and New York State Public Service Commission approvals; Barclays advised NRG, White & Case was counsel.
- Proceeds support $3B of share repurchases across 2026-2027, including an incremental $1B expected before end of Q4 2026, plus $2B more debt reduction.
- Post-close NRG will own 20 GW: 10 GW in ERCOT and 10 GW in PJM, with 1.1 GW more ERCOT capacity by 2028 from two Texas Energy Fund projects, per CEO Robert Gaudette.

## SEC filing metadata
- accession: 0001104659-26-124147
- form_type: 8-K
- ticker: NRG
- cik: 0001013871
- company_name: NRG ENERGY, INC.
- filed_at: 2026-11-09T12:02:22+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013871/000110465926124147/0001104659-26-124147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013871/000110465926124147/tm2629302d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-124147
- JSON: https://secwatch.observer/filing/0001104659-26-124147.json
- Plain text: https://secwatch.observer/filing/0001104659-26-124147.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.