02:00 PM EST, 11/18/2025 (MT Newswires) -- NRG Energy ( NRG ) said Tuesday its proposal to acquire natural gas generation facilities and a commercial and industrial virtual power plant platform from LS Power has received approval from the Federal Energy Regulatory Commission and the New York State Public Service Commission.

The acquisition is expected to double NRG's generation capacity amid rising demand, the company said.

The transaction is anticipated to be completed in Q1 2026, subject to customary closing conditions, the company added.

Shares of NRG were up more than 2% in recent trading Tuesday.

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