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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

New Jersey Utilities Apply for Rate Increases

LCG, September 17, 2002--Utilities in New Jersey which have been required to keep charges to customers under rate caps, want to recover costs they have incurred in supplying power.

The state's Board of Public Utilities has required audits of $1 billion in expenses at four utilities, including Conectiv, Jersey Central Power & Light, Public Service Electric and Gas, and Orange and Rockland Utilities. The audits are being conducted by Mitchell & Titus LLP, and Larkin & Associates.

New Jersey's electricity market has been in a transitional mode, which is scheduled to end Aug. 1, 2003. Since retail rate caps were in effect while the utilities had to pay higher prices for gas last year, utilities were allowed to securitize unreimbursed expenses two weeks ago under a new law. In effect, bonds can be issued which will effectively speed the recovery of costs.

Retail caps in the state were not simply set based on the historical rates, but were mandated to be lower. The current audits may lead to retail rates returning to their historical levels, if not going higher.
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