NYSE:NRGElectric Utilities
NRG Energy Reshapes Growth, Income Profile With LS Power Deal And CEO Shift
NRG Energy (NYSE:NRG) agreed to acquire LS Power for $12b, which would significantly expand its natural gas generation portfolio.
The company announced a planned CEO succession alongside the LS Power deal, signaling an upcoming leadership handoff.
NRG approved an 8% dividend increase, extending a six year streak of dividend growth.
The company also entered a partnership with Sunrun to expand home battery storage and virtual power plants in Texas.
NRG Energy comes into these changes with its...