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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 to Cut Power, Gas Distribution Charges

LCG, Nov. 29, 2000--Consolidated Edison Co. of New York said yesterday that it had agreed with state regulators on reductions in electric and natural gas distribution rates and stabilize steam rates. The electric agreement also increases protections for low-income customers, the company said.

The New York State Public Service Commission also gave its approval to Con Edison's pending merger with Northeast Utilities. About half of the merger-related savings that apply to Con Edison's electric customers -- some $18.5 million -- will be returned to those customers.

Under the electric portion of the agreement, the utility will extend its restructuring agreement from 2002 to 2003, adding about $1.5 billion of rate benefits to the $1.1 billion provided for in the 1997 agreement. The typical New York City residential customer will save about $50 per year.

Con Edison's gas customers will get a distribution rate cut that will save the typical residential customer about $90 per year.

"These agreements will provide significant long-term savings to our electric, steam and gascustomers," said Eugene R. McGrath, Con Edison's chairman and chief executive. "The agreements will also provide us with the financial capability to maintain and strengthen our service delivery systems in all of our operations."

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