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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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Duke Energy Submits 2026 Carolinas Resource Plan to Public Service Commission

LCG, August 19, 2026--Duke Energy announced Monday that its 2026 Carolinas Resource Plan was submitted August 14 to the Public Service Commission of South Carolina (PSCSC). The company states that its strategy is designed to maximize the value of existing resource assets while (i) making prudent investments in additional diverse resources needed to serve South Carolina's growing population and economy and (ii) maintaining its focus on delivering safe, reliable and affordable energy. The PSCSC will now evaluate the 2026 Carolinas Resource Plan, hold a hearing in April 2027 and issue an order by June 2027.

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Industry News

Iberdrola Agrees to Takeover by Endesa

LCG, Oct. 18, 2000--Iberdola, Spain's second largest electric utility, and Endesa, its first, announced yesterday that they had agreed to an $11.6 billion "friendly merger" that will create one of Europe's largest power companies.

Because the new company, to be called Endesa Iberdola, would control about 80 percent of Spanish electric generation, significant divestitures will be made to satisfy regulators. The companies said that about 15,000 megawatts of generation will be sold off, along with distribution assets serving the equivalent of 4 million customers.

"These disposals will contribute to a wider opening of the Spanish generation market by introducing three new operators in the market who will develop an important presence in the supply of electricity," the companies said in a joint statement.

The agreement scotches an unwelcome attempt by GasNatural, Spain's privatized natural gas monopoly, to take over Iberdola.

Joint chairmen of the new company will be Endesa's Rodolfo Martin Villa and Iberdrola's Inigo de Oriol e Ybarra. The chief executive of the new company would be Endesa's Rafael Miranda Robredo. The board will have 30 members, 18 to be named by Endesa and 12 by Iberdola.

The combination will also create the largest Latin American electric utility presence by a foreign firm, with approximately 12 percent of the market.

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