NRG Energy to Acquire 738 MW of Natural Gas Generation in Texas for $560 Million
Deal News | Mar 14, 2025 | White & Case
NRG Energy, Inc., a leading North American energy and home services company, has entered into a definitive agreement to acquire six power generation facilities from Texas-based Rockland Capital, LLC for $560 million. The acquisition adds 738 MW of modern and flexible natural gas-fired capacity to NRG's portfolio, reinforcing its position as a leading generator in Texas. This strategic move will help NRG capitalize on the growing electricity demand driven by electrification, onshoring, population growth, and data centers. Global law firm White & Case LLP advised NRG Energy on the deal, with a team led by M&A partners Morgan Hollins and Thomas Christopher, and involved various associates and partners specializing in tax, real estate, and project development across different locations.
Sectors
- Energy
- Legal Services
Geography
- United States – The acquisition involves companies based in the United States, specifically concerning power generation facilities in Texas, which is a key region for NRG Energy.
- Texas – The power generation facilities being acquired are located in Texas, marking it as a significant geography for the transaction.
Industry
- Energy – The Energy industry is relevant as NRG Energy, Inc. is involved in acquiring natural gas-fired power generation facilities, indicating a strategic expansion within this sector.
- Legal Services – White & Case LLP provided legal advisory services for the acquisition, highlighting the role of legal expertise in M&A transactions within the energy sector.
Financials
- US$560 million – The total acquisition cost for NRG Energy to purchase six power generation facilities in Texas.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NRG Energy, Inc. | Buyer | Company | A leading North American energy and home services company involved in the acquisition of natural gas generation facilities in Texas. |
| Rockland Capital, LLC | Seller | Company | Texas-based company selling six power generation facilities to NRG Energy. |
| White & Case LLP | Legal Advisor | Company | A global law firm that advised NRG Energy on the $560 million acquisition. |
| Morgan Hollins | M&A Partner | Person | Partner at White & Case LLP leading the advisory team for this transaction. |
| Thomas Christopher | M&A Partner | Person | Partner at White & Case LLP working alongside Morgan Hollins on the advisory team for this transaction. |