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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

Prices for Low-Sulfur Coal Hit Record Highs

LCG, March 6, 2001--The price of Powder River Basin coal has more than doubled since the start of the new year, Energy Argus Inc. said yesterday. The company said its Coal Daily publication shows the surge in its weekly price index.

Users are now paying $10.50 per ton for Powder River Basin coal, an increase of $5.95 per ton from the beginning of the year when consumers paid only $4.55 per ton. In comparison, the price of that coal in 2000 never moved above $4.65 per ton and stayed in a narrow 55 cents price range the entire year, Coal Daily reported.

Despite record production in 2000 and predicted increases in 2001, Energy Argus believes it is unlikely that more coal will become available this year for spot purchases. Utilities are increasingly looking to the Powder River Basin as a source of coal as they try to meet state and federal clean air requirements. A proposed bill in the U.S. Senate will put even more emphasis on clean burning low-sulfur coal, Energy Argus noted.

The Powder River Basin stretches from northern Wyoming into southern Montana.

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