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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

Spain's Hidrocantábrico is Takeover Target Again

LCG, Jan. 25, 2001Hidroelctrica del Cantbrico, the fourth-largest Spanish electric power generator, is once again the apple of many eyes, and TXU Europe, once a suitor, says it is now a seller.

Electricidade de Portugal, the Portuguese national power firm 30 percent owned by the government, and Spanish savings bank Caja Asturias confirmed this morning they were about to make a cash bid for Hidrocantbrico and officials of Germany's RWE AG were at the Spanish utility's Asturian headquarters earlier this week pressing their case.

Hidrocantbrico's board on Monday spurned an offer from Ferroatlantica for a 25 percent stake in the company, saying its bid of 19 euros per share did not reflect the true value of the Spanish generator. Germany's Energie Baden-Wrttemberg AG was also rejected by the board.

According to TXU Europe, a subsidiary of Dallas-based TXU Corp., Caja Asturias and Electricidade de Portugal want to buy 100 percent of Hidrocantbrico and are willing to pay 24 euros per share, or $21.91 U.S. TXU said in a statement "This transaction provides TXU Europe with certainty over its exit from Hidroelctrica del Cantbrico at Euro 24 per share."

The offers from Electricidade de Portugal and RWE could meet with resistance from the Spanish government which opposes ownership of Spanish firms by companies which are partly owned by other governments. RWE, Germany's largest electric utility, is more than a third owned by municipal governments.

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