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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

Moody's Cuts Debt Ratings of TXU

LCG, October 15, 2002-Moody's Investor's Service cut the debt rating of TXU Europe.

TXU Corporation announced that it will not give TXU Europe the $700 million lifeline expected, and Moody's downgraded the European company's rating. Yesterday TXU Corporation financially "unlinked" itself from its subsidiary in order to protect its own credit.

The subsidiary neglected to pay $31 million yesterday on one of its power supply agreements for the 4,000-megawatt Drax Power Station, and European officials are worried about securing power supply.

TXU Corp. has announced that TXU Europe will sell off assets, estimated at $5.7 billion, and limit its quarterly dividend by 80 percent, bringing it down to $0.125 per share.

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