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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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DOE Closes $1.9 Billion Loan to Restart Duane Arnold Nuclear Plant in Iowa

LCG, September 9, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) yesterday announced the financial close of a loan of up to $1.9 billion to NextEra Energy to support the finance of the restart of Iowa's only nuclear power plant, the Duane Arnold Energy Center. EDF has now financed three, carbon-free nuclear plant restarts and completed four concurrent conditional commitments and financial closings under the current Administration. This latest investment, along with the others, advance the Administration's energy dominance agenda and Executive Order, Reinvigorating the Nuclear Industrial Base.

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Industry News

Decision Made on California Direct Access Customers Surcharge

LCG, Nov. 8, 2002--Large energy customers who were allowed to buy electricity from marketers and wholesale suppliers other than California's major investor-owned utilities will pay a surcharge to repay the state for its power purchases, with California Public Utilities Commissioners split on whether the amount is sufficient.

Yesterday, a 3-2 vote by California PUC regulators was made to impose a 2.7-cents per kilowatt-hour charge on usage by electricity purchasers who had signed their own supply contracts, starting Jan. 1. PUC President Loretta Lynch and Carl Wood, who advocated that the surcharge be higher, voted in the minority. Lynch thought other, generally small customers, who buy electricity from the investor-owned utilities, would be left paying a disproportionate share of the costs incurred by the state through its electricity purchases. She asserted that "This massive transfer of wealth is discriminatory and unreasonable."

Jeff Brown, who voted with the majority, said it is necessary to keep a central feature of earlier deregulation plans in place, by allowing direct access customers to continue their relationships with alternative suppliers. "If actual costs are imposed each year, direct access would become uneconomic and would cease to exist," he said. He also indicated that not allowing direct access would represent "a terrible signal to the business community," according to the Sacramento Bee. He believed, however, that the 2.7-cent surcharge is likely to rise next year.

Those who entered into direct access contracts include industrial and retail facilities, as well as hospitals and schools.
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