NRG Energy has shot 26.28% this Monday on Wall Street after announcing the Purchase of a portfolio of natural gas generation facilities to LS Power for 12,000 million dollars, that will be paid in cash and through actions. This acquisition doubles NRG's generation capacity with incorporation of 18 natural gas plants that add up to approximately 13 GW. These plants, located in nine states, expand NRG generation coverage in Northeast and Texas, where most of their load is concentrated. In addition, as part of the agreement NRG acquires the CPower platformwhich operates in all liberalized energy markets in the country and has approximately 6 GW capacity, which represents more than 2,000 commercial and industrial clients. «This acquisition transforms the NRG generation fleet and expands our custom products offer, improving our ability to bring the future of energy to millions of customers throughout the United States«, said Larry Coben, president and CEO of NRG. In addition, he stressed that»The transaction is financially attractive«, since» strengthens «the credit profile of the company and» drives «its growth, while» supporting a solid profitability of capital. «» We are in the early stages of an energy demand supercycle, And we are excited to lead the way with reliable energy solutions that will generate considerable value for NRG and all our interest groups, «he added.
