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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

California Reviews Bids to Provide Long-term Power

LCG, Jan. 23, 2001The California Department of Water Resources began this morning to accept sealed bids for mid- to long-term electricity contracts. The "auction," announced yesterday by Gov. Gray Davis, began at 9:00 a.m. this morning and will run until noon tomorrow.

In a news release yesterday, Davis said that bids will be accepted for power delivery over six-month, three-year, five-year and 10-year periods. The statement did not say when successful bids would be announced.

"I expect these bids on long term energy contracts should stabilize the market and drive the price ofelectricity down," Davis said in the statement. "This is a key step in our efforts keep the lights on in California at a reasonable price."

Prices for power under mid- and long-term contract is expected to be substantially lower than the prices paid by Pacific Gas & Electric Co. and Southern California Edison Co. on the spot market they were forced to use by California's electric restructuring law.

The two utilities, having exhausted their financial resources subsidizing the low retail electricity prices imposed by the law, are no longer able to purchase power for their customers. Last week, Davis named the Department of Water Resources to run a $400 million emergency power purchase plan to take up the slack.

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