India, Nov. 9 -- Monday, NRG Energy, Inc. (NRG) announced an agreement to sell six natural gas generation assets to LS Power for a purchase price of $4 billion in cash.
The deal is expected to strengthen the company's balance sheet, support increased share repurchases and preserve flexibility to invest in growth opportunities with compelling returns.
The proceeds from the sale will be used to support NRG's 2027 pro forma capital allocation plan of $3 billion in share repurchases across 2026 and 2027, including an incremental $1 billion expected to begin before the end of the fourth quarter of 2026.
Upon closing of the deal, the company plans an additional $2 billion of debt reduction to maintain its current leverage profile, bringing tot...