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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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DOE Closes $1.9 Billion Loan to Restart Duane Arnold Nuclear Plant in Iowa

LCG, September 9, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) yesterday announced the financial close of a loan of up to $1.9 billion to NextEra Energy to support the finance of the restart of Iowa's only nuclear power plant, the Duane Arnold Energy Center. EDF has now financed three, carbon-free nuclear plant restarts and completed four concurrent conditional commitments and financial closings under the current Administration. This latest investment, along with the others, advance the Administration's energy dominance agenda and Executive Order, Reinvigorating the Nuclear Industrial Base.

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Industry News

Northeast Utilities Demands Con Edison Merger Assurance

LCG, March 1, 2001Northeast Utilities yesterday threatened to go to court if it did not receive by tomorrow written assurance from Consolidated Edison Inc. that it would follow through on a merger agreement reached by the two utilities in October 1999.

The $3.83 billion acquisition of Northeast by Con Edison would create the largest utility in the U.S. Northeast. Most federal and state regulatory agencies have signed off on the deal, except that Connecticut regulators attached conditions Con Edison has found onerous.

Con Edison sought to soften the Connecticut stipulations but said at the same time that intransigence on the part of the regulators could endanger the merger. Instead of getting a better deal, the company ran afoul of Connecticut Attorney General Richard Blumenthal, who has asked a state court to block the merger until his office get a ruling on its appeal of the conditional approval.

Blumenthal, who is never at a loss for words, criticized Con Edison for an "abysmal record of high rates, poor service and environmental disrespect."

Now, Northeast appears to feel that Con Edison may be using the Connecticut problem to weasel out of the marriage, and has threatened a breach of promise suit.

Con Edison's response to Northeast's ultimatum, a short statement saying it is "reviewing the prospects for the merger in light of changes in Northeast Utilities' businesses that have occurred since the merger agreement," was "insufficient," according to a Northeast spokeswoman.

Michael G. Morris, chief executive of Northeast Utilities, acknowledged that his company has changed since the merger announcement. "Northeast Utilities is a substantially more valuable company today that when we entered into the merger agreement more than 16 months ago," he said.

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