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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

Enron Won't Increase Stake in India's Dabhol Project

LCG, Jan. 25, 2001Enron Corp. this morning scotched reports that it would increase its stake in Dabhol Power Co., the huge 2,184 megawatt power project in the Indian state of Maharashtra. The company said, in fact, that it will continue with plans to sell a portion of its ownership in the facility.

In a statement, Enron explained that plans laid out for the project four years ago specified that the U.S. company would own only 50 percent of Dabhol. Enron will have to sell about 15 percent of the project to meet that condition.

Yesterday, Indian newspapers reported that a government committee had approved a proposal by Enron to increase its ownership to 80 percent. The extra 30 percent sounds suspiciously like the 30 percent of Dabhol the Maharashtra Electricity Supply Board was supposed to own. The MSEB now owns 15 percent of Dabhol, but has said it would be unable to acquire the additional 15 percent now owned by Enron and has been disingenuous in recent statements about its part in Dabhol.

Enron said the newspapers could have misinterpreted a proposal it made about the second phase at Dabhol. "You can't look at the second phase as a separate unit. You have to look at Dabhol PowerCompany as a whole and there our stake today stands at 65 percent," an Enron spokesman said.

Enron India said the proposal was for the company to transfer 15 percent ownership in Dabhol to another Enron affiliate. "Technically, Enron is simply splitting its existing equity structure into two separate Enron-owned companies, one holding 50 percent of DPC equity and one holding 15 percent to facilitate the sell down," the company said.

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