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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

Likely Buyer of Enron's India Unit Lowers Its Offer Price

LCG, Jan. 23, 2002--Following Enron's initiation of bankruptcy proceedings, BG Group has lowered its offer for stakes in Indian oil and gas fields, and the associated exploration business owned by the embattled company.

BG Group, a U.K.-based integrated gas company, first made an offer of $388 million in October, but has revised what it is willing to pay downward in negotiations, to $350 million. The deal is still being developed.

The assets in question include the Tapti gas field and the Panna/Mukta oil and gas field, which together yield 70 million cubic feet of gas and 8,200 barrels of oil per day.

Another, Indian owner, Oil and Natural Gas Corporation, which has a 40 percent interest (Enron has 30 percent), has sought to prevent BG Group from taking ownership. No progress has been made between BG Group and ONGC in negotiating a compromise regarding ownership and operatorship, which ONGC wants to take over from Enron. The third owner, also Indian, is Reliance Industries.

The creditors' committee in Enron's bankruptcy filing has so far not raised any objections to the terms being discussed, which will also require approval by the bankruptcy court.

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