NRG Energy (NRG) announced that it has received approval from both the Federal Energy Regulatory Commission and the New York State Public Service Commission relating to the previously announced acquisition of a portfolio of natural gas generation facilities and a commercial and industrial virtual power plant platform from LS Power. “These approvals mark a key milestone in advancing an acquisition that will double NRG’s generation capacity and expand our C&I VPP platform. At close, the transaction will expand NRG’s ability to deliver innovative, customized energy solutions to both large customers and families. The acquisition, which is targeted to close in the first quarter of 2026, remains subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Act,” the company stated.
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