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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

Mirant Adjusts Balance Sheet Downward

LCG, August 16, 2002--A series of mistakes caused Mirant's balance sheet to be overstated by $1.1 billion at the end of last year, the gas trader and merchant power developer announced.

Mirant did not provide details of the ways in which its assets and liabilities had been misstated, but said it does not anticipate that operating income, expenses, net income, liquidity or cash flow will be affected by the discovery. It certified its 2001 filings and first-quarter financial results with the Securities and Exchange Commission this week.

Previous mistakes in operating results amounting to $253 million were disclosed by the company two weeks ago. "We're hard at work resolving these remaining issues," Marce Fuller, Mirant's chief executive said in a statement. "These were honest mistakes."

Prior to the most recent disclosure, Mirant's assets and liabilities were equal to $22.8 billion.
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