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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

NRG Announces Emergence from Bankruptcy

LCG, Dec. 8, 2003--The former subsidiary of Xcel Energy Inc., NRG Energy Inc., announced that it has come out of Chapter 11 bankruptcy protection, and will raise cash, common stock and $500 million of new debt issues to be distributed to creditors.

While in bankruptcy, NRG rid itself of $6 billion worth of debt, leaving it with $510 million of corporate debt outstanding, and will have $4.4 billion of debt attached to specific projects. Xcel Energy has completely divested from its subsidiary.

NRG's unit NRG Power Marketing Inc. was also under bankruptcy protection, but announced its emergence last week. NRG Northeast Generating LLC and South Central Generation Holding LLC are expected to follow the same path once $2.2 billion worth of debt has been refinanced, according to the parent company.
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