TotalEnergies SE (ENXTPA:TTE) is nearing a deal to buy a fleet of natural gas-fired power plants in Texas as it looks to expand in the US market, according to people familiar with the matter. The 2.3-gigawatt portfolio is owned by independent power producer Texgen Power, LLC and provides capacity equivalent to more than two nuclear reactors. That?s enough to serve nearly half a million homes on the hottest days in the US state, based on figures from the Texas grid operator.

A transaction could be announced as soon as next week, said the people, who asked not to be identified as the information is private. While talks are advanced, they could still be delayed or fall apart, the people said. If completed, the deal could be worth several hundred million dollars, according to some of the people.

TotalEnergies, based near Paris, declined to comment on ?market rumors,? while adding that the company is ?interested in acquiring gas-fired power plants to complement its renewable assets in the US? and that?s currently in ?discussions with several potential sellers on this subject.?

TexGen didn?t immediately respond to requests for comment.