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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

Con Edison Asks Court to Cancel Northeast Merger

LCG, March 7, 2001Consolidated Edison Inc. beat Northeast Utilities to court yesterday, filing suit in U.S. District Court in New York, asking that actions by Northeast make that firm incapable of fulfilling terms of a planned merger between the two companies.

Con Edison's $3.8 billion takeover of Northeast, announced in October 1999, began to unravel when Connecticut regulators approved the deal with conditions Con Edison said were "onerous." Last Wednesday, Northeast asked Con Edison to reaffirm in writing its intent to consummate the transaction and set a Friday deadline for an answer, later extending the deadline to Monday.

Having not heard from Con Edison except through the press, Northeast said yesterday it would go to court to break up the planned marriage. Northeast had not yet filed suit last night, but said the Con Edison suit is without merit.

In its suit, Con Edison claims a deal between Northeast's unregulated subsidiary, Select Energy Inc., and Connecticut Light & Power Co., a regulated utility subsidiary of Northeast, for more than 2,000 megawatts of power violates a "precedent" of the merger agreement.

Northeast told Con Edison last September that it might not have enough electricity to fulfill the obligation, but now that power prices have risen significantly, it makes a bigger difference. "The current adverse exposure is material," Con Edison's lawsuit says.

Con Edison said in its suit that there have been other "adverse" changes at Northeast since the merger was agreed to and, taken together, they represent a breach of the merger agreement.

Michael G. Morris, Northeast's chief executive, has said throughout that his company is more valuable today than when the merger was announced.

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