LS Power, founded in 1990, is a North American power and energy infrastructure developer, investor and operator with platforms spanning generation, transmission and energy transition solutions.
The sale covers a portfolio of 18 natural gas-fired facilities plus CPower, and is structured as a cash-and-stock transaction valued at about US$12 billion of enterprise value.
LS Power signed a definitive agreement with NRG on May 12 to sell the portfolio, marking a large-scale portfolio exit centered on gas generation and a commercial-and-industrial virtual power plant platform.