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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

Legislators Ask For Price Cap Extension

LCG, May 16, 2002-Western senators have asked the Federal Energy Regulatory Commission to continue the electricity price caps set last year to curb out-of-control prices.

Wholesale Californian electricity is sold at a maximum of $92 per MW-hr right now, but this price limitation will expire September 30.

Senators, including California's Barbara Boxer-D and Oregon's Ron Wyden-D, implored FERC to keep the limitations beyond the deadline, however FERC does not consider price caps an ideal method of regulating the market.

FERC has not decided what action will be taken and is still waiting for information from some California parties involved. The California Independent System Operator (ISO) has requested extension but has also submitted a plan, part of a larger proposal, to help control electricity prices. The ISO is responsible for reliability in the system and handles the California electricity grid.

Legislators have a renewed interest in electricity prices and contracts after the release of memos linking California's energy crisis of 2000/2001 to market "manipulation" by power companies like Enron.

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