NRG Energy agrees to sell nine businesses to LS Power affiliate for $4 billion

• NRG Energy agreed to sell nine subsidiaries to Orbit Acquisition Holdco for $4 billion cash, subject to working capital and other adjustments.
• The purchase agreement was signed November 9, 2026, with the buyer, an affiliate of LS Power Equity Advisors.
• Closing is expected in 2027, subject to regulatory approvals and customary conditions; the transaction has no financing condition.
• The May 9, 2027, termination deadline may be extended automatically by up to two successive 90-day periods under certain circumstances.
• The buyer must pay a $200 million termination fee under specified circumstances, including certain breaches or failure to close when required.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NRG Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-125375), on November 12, 2026, and is solely responsible for the information contained therein.