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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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Calpine Announces Completion of Expansion Project at The Geysers Geothermal Complex

LCG, June 10, 2026--Calpine, a business unit of Constellation, announced early this week the completion of a 25 MW expansion project at The Geysers geothermal complex located in Sonoma County, California. The addition builds on Calpine's continued investments in The Geysers to support California's renewable energy goals and to provide reliable, around-the-clock renewable power as the demand for clean electricity continues to grow.

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Industry News

Reliant to Split Regulated, Unregulated Businesses

LCG, July 27, 2000--Reliant energy Inc. said yesterday it would ask approval from the Public Utility Commission of Texas to separate its regulated businesses from those that are not regulated, creating two publicly traded companies.

The company said the plan is intended to satisfy regulatory requirements under Texas restructuring legislation, to enhance shareholder value, to highlight the specific investment appeals of each resulting entity, and to permit the individual units to focus on their respective business and market opportunities.

Once it gets the necessary approvals, Reliant would publicly offer about 20 percent of the common stock in the unregulated company. That would be followed by a distribution of the remaining stock to shareholders within 12 months.

The regulated businesses would be restructured as a holding company, Reliant said.

The unregulated company would own Reliant's unregulated power generation and related energy trading and marketing operations, its unregulated retail businesses, which currently include energy, telecommunications and Internet services, and the company's European electric generating and trading-marketing operations.

Steve Letbetter, Reliants chief executive, explained that the company has undergone a fundamental transformation, especially from an investors point of view. "Our growth businesses appeal to a different set of investors than do our regulated activities," he said.

"We expect the regulated company to be very similar to the company we have been for most of our history, and it should appeal to our traditional type of investor. Overall, this restructuring will allow us to better align our businesses with the interests of investors and allow the market to more effectively reflect the overall value of Reliant Energy's expanded business portfolio," Letbetter added.

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