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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

Aquila Rating Hovers Around Junk

LCG, Sep. 4, 2002--The revenue earned by Aquila from regulated operations may not be high enough to enable it to meet its obligations, make capital expenditures, and issue dividends, according to Moody's Investors Service.

While Moody's downgraded the energy company's debt to junk, Standard & Poor's issued a rating of "BBB-minus," a lower investment grade than the previous "BBB" rating. As a result of the negative outlook, Aquila has had to pay $192 million earlier than it might have otherwise. It has tried to raise capital by selling $1 billion of assets, and had earlier cut its dividend by 42%.

The company president and chief executive, Robert K. Green, said, "We've been preparing to conduct business operations under this possible scenario and will continue to deliver safe, reliable and economical energy to our customers." Aquila, formerly Utilicorp United, is based in Kansas City, Mo.
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