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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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Arevon Celebrates Commencement of Operations at the 300-MW Nighthawk Energy Storage Project in California

LCG, August 12, 2026--Arevon Energy, Inc., an energy developer, owner, and operator, today announced that its 300 MW/1,200 MWh Nighthawk Energy Storage Project in Poway, California, is now operational. Arevon celebrated the project's completion with an on-site ribbon-cutting ceremony attended by project partners, local officials, and others who helped bring the project online. Nighthawk, the largest standalone storage facility in the company's portfolio, should enhance system reliability and is among the San Diego region's most significant energy storage facilities.

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Industry News

Con Edison Buys Merger Approval with Rate Cuts

LCG, Oct. 4, 2000Consolidated Edison Co. of New York said yesterday that it had reached agreement with the staff of the New York Public Service Commission and numerous intervenors calling for an immediate $170 cut in its electric distribution rates with more to follow.

In exchange, parties to the agreement will recommend to the commission that it approve the pending acquisition of Northeast Utilities by the utility's parent holding company, Consolidated Edison Inc.

The agreement also calls for another distribution rate reduction of $209 million to take place on April 1 of next year. Also on that date, customers of Northeast Utilities and Con Edison would begin sharing in $18.5 billion in savings expected to be generated by the merger, if the transaction is completed by that time.

Con Edison said the agreement would extend by three years the electric restructuring agreement approved by the commission in 1997, and provide about $1.5 billion of rate benefits to customers in addition to the more than $1.1 billion provided for in the 1997 agreement.

The typical New York City residential customer will save approximately $50 annually, while the typical small commercial customer will save about $100 annually and the somewhat larger commercial customer will save about $1,000 a year, Con Edison said.

Nearly a year ago, Consolidated Edison Inc. agreed to acquire Northeast Utilities in a deal valued at $7.5 billion, with $3.29 billion in cash and the balance in assumption of debt.

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