NRG Energy (NRG) agrees $4 billion sale of six gas plants to LS Power and raises dividend 8%
FROM THE WIRE · FINANCE.YAHOO.COM
NRG Energy (NYSE:NRG) agreed to sell six natural gas power plants totaling 4.9 GW to LS Power for US$4b in cash. The assets involved are gas fired facilities in key US markets, with closing targeted for the second quarter of 2027 pending approvals. NRG plans to use the proceeds…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA $4 billion asset sale with buybacks and a dividend increase matters for the US power sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01NRG will sell six gas-fired plants totaling 4.9 GW to LS Power for US$4 billion in cash.
- 02Closing is targeted for the second quarter of 2027, pending approvals.
- 03Proceeds will fund US$1 billion of debt reduction and US$1 billion of share repurchases, plus an 8% dividend increase.
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