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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

FERC Money-Pool Conference Planned

LCG, Sep. 9, 2002--In keeping with a plan by the Federal Energy Regulatory Commission to set tighter controls on the cash flow between regulated and unregulated affiliates, the agency will hold a conference in two weeks with utility and other company input.

Some utilities are wary of such rules, as requiring an affiliate that borrows from a "money pool" managed by one part of a larger corporate entity to be rated investment-grade by a rating agency would not be immediately possible in many cases. Many affiliates currently do not receive any rating, as they do not raise their own financing. The Securities and Exchange Commission receives reports on a quarterly basis that detail transactions within a money pool, including the terms of any loans.

According to a pipeline industry group, a rating would require payments to a rating agency of at least $100,000 for the audit costs.
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