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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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SRP and EDP Renewables Announce Completion of 800 MWh Flatland Energy Storage Project in Arizona

LCG, June 9, 2026--EDP Renewables North America LLC (EDPR NA) and Salt River Project (SRP), a not for-profit public power utility serving central Arizona, today announced the completion of the Flatland Energy Storage project, located in Coolidge, Arizona. The new battery energy storage system (BESS) has a generating capacity of 200 MW and can provide 800 MWh of storage capacity to store energy during times of surplus supply and deliver power to customers when needed to meet peak periods of customer demand.

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Industry News

TransCanada Sells $775 Million in Midstream Assets

LCG, Aug. 4, 2000--TransCanada PipeLines Ltd. said yesterday it had found buyers for most of its remaining natural gas liquids and extraction, and natural gas gathering and processing midstream assets in western Canada and will realize about $1.15 billion ($775 million U.S.) from their sale.

"The proceeds from these sales are in line with our expectations and mark another significantmilestone in TransCanada's divestiture program," said Doug Baldwin, TransCanada president and chief executive. "These sales, combined with other previously-announced sales and agreements bring TransCanada 80 per cent of the way to its $3 billion target from the divestiture of non-core assets."

The company said it would sell four properties and its interests in two others to Williams Energy Canada Inc. for an undisclosed sum. That sale is expected to close this autumn, after regulatory and government approvals are received.

Last month, TransCanada closed the sale of its roughly 30 per cent interest in the East Crossfieldgas plant and associated petroleum and natural gas rights to Mobil Oil Canada Limited sold its interests in three natural gas processing plants to AltaGas Services Inc.

Since last December, TransCanada has sold or has agreements to sell approximately $2.4 billion ($1.6 billion U.S.) of assets. "This will contribute significantly to our primary objective of strengthening TransCanada's financial position," Baldwin said. "As we continue to finalize the sale of non-core assets, our debt load will be reduced, our financing costs will decrease and we expect efficiencies in corporate costs, which will contribute to improved earnings and cash flow."

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