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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

E·on to Bid $13.5 Billion for Powergen Today

LCG, April 9, 2001Eon, Germany's second-largest utility, this morning said it would offer 5.1 billion ($7.2 billion U.S.) for British utility Powergen. Assumption of almost 4.5 billion in debt pushes the enterprise value placed on Powergen to 9.6 billion ($13.5 billion).

The price, 7.65 per Powergen share, represents an 8.4 premium over the British company's closing price on Friday, but is a 26 percent premium over the share price on January 16, the date Powergen announced it was engaged in negotiations with Eon.

Powergen's acquisition of U.S. utility LG&E Energy last year, the reason for much of its debt, is also in part the reason for Eon's interest. "Our goal is to achieve a leading position in the U.S.," an Eon official said.

The deal is subject to approvals from regulators in the U.S. and Europe. Eon hopes to close the transaction next spring, but left itself free to walk away from the acquisition if clearances are not received by July 2002.

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