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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

Rate Cap Would Kill Us, Puget Sound Energy Says

LCG, Jan. 30, 2001--Puget Sound Energy, the utility subsidiary of Puget Energy Inc. of Washington State, said yesterday that a proposal by state regulators to cap electric rates for some large industrial customers would jeopardize its ability to pay for power and natural gas for all of its customers.

Richard L. Hawley, the utility's chief financial officer, yesterday told a hearing of the Washington Utilities and Transportation Commission "This (proposed) rate cap puts in jeopardy PSE's ability to meet its financial obligations and, consequently, its public service obligation to customers."

Hawley called the proposed rate cap a "subsidy to industrial customers" and said it, added to a tightening of credit resulting from the problems of California utilities, "would result in PSE simply not having access to the money it needs to continue to provide services."

Hawley pointed out that "California has been a textbook example of what happens when a utility's financial health is ruined.Service to customers is threatened because loss of utility credit ratings makes it impossible to findmoney to pay for the energy required to keep the lights on and homes warm."

Puget Sound Energy said it had offered the commission an alternative proposal that would let its big industrial customers individually negotiate with power suppliers over the price of their electricity and the length of a supply contract. The utility would facilitate the agreement and deliver the power.

"This is the solution that should be acted upon," Hawley told the regulators.

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