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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

California Governor Pursues $1 Billion Rate Cut

LCG, May 14, 2003-Yesterday Governor Gray Davis announced his intention to seek $1 billion in rate cuts for utility customers.

Davis has been a noisy participant in the ongoing debate on where the money went during California's energy crisis, and now the governor wants to return money to consumers.

The Californian governor insists that rate cuts are feasible because of increased state capacity and energy conservation. Apparently the California Department of Water Resources (DWR) has found it needs to recover $4.5 billion, not $5.5 billion, from utility customers. Furthermore, Davis noted that more cuts may be possible if the Federal Energy Regulatory Commission finds contracts written during the crisis worthy of $9 billion in refunds.

The California DWR began buying power from generators on the behalf of utilities in 2001 because state utilities did not have good enough credit to purchase power on their own. At the same time, power prices skyrocketed for perhaps less than legitimate reasons, resulting in enormous cost to the state.

The California Public Utilities Commission plans to review Davis's request and has 120 days to act from the date of DWR's revised revenue filing.

Residential and business customers affected by a rate cut would be those of Southern California Edison and San Diego Gas & Electric. PG&E customers would see reduced rates after the utility emerges from bankruptcy.

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