NRG Energy to Sell Six Power Plants to LS Power for $4 Billion
NRG said it would sell six natural gas-fired plants with combined capacity of 4.9 gigawatts to LS Power for $4 billion in cash. The company said it aims to return more money to shareholders and reduce debt.
Power producer NRG Energy NYSE:NRG said on Monday it would sell six natural gas-fired power plants with a combined capacity of 4.9 gigawatts to LS Power for $4 billion in cash, as it looks to return more money to shareholders and reduce debt.NRG Energy shares were up more than 7% in premarket tradi…