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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

FTC Asked to Probe Enron for Possible Fraud

LCG, Dec. 26, 2001--The chairman of the Senate Commerce Committee and the leader of its Subcommittee on Consumer Affairs have asked the U.S. Federal Trade Commission to investigate Enron Corp. for possible fraud and misrepresentation of facts in connection with the company's spectacular collapse.

Reuters news agency reported this morning that Sens. Ernest Hollings, a South Carolina Democrat who heads the Commerce Committee, and Byron Dorgan of North Dakota, also a Democrat and chairman of the Consumer Affairs Subcommittee, wrote last Friday to FTC Chairman Timothy Muris, asking the commission to look into whether Enron engaged in "deceptive acts," "unfair methods of competition" or "any other conduct that the Commission would deem to be harmful to consumers."

Dorgan's subcommittee has already begun its own probe of Enron's nosedive and both the Securities and Exchange Commission and the Justice Department have investigations of their own underway. Enron chief executive Kenneth Lay is scheduled to testify before Dorgan's panel on February 4.

In their letter to Muris, the two senators said the ultimate cause of Enron's collapse "extends well beyond possible violations of securities regulations" and the case raises questions of possible commercial fraud, misleading disclosures, illegal accounting practices, illegal partnerships with third party entities and conflicts of interest.

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