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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

RGS Shareholders Okay Takeover by Energy East

LCG, June 18, 2001--Shareholders of RGS Energy Group, the parent company for Rochester Gas & Electric Co., on Friday approved the company's acquisition by Energy East, the former new York State Electric & Gas Co., creating one of the largest diversified energy providers in the U.S. Northeast.

Under terms of the acquisition, shareholders of RGS will get $39.50 for each share, payable in cash or in Energy East stock as long as Energy East's common stock prices fall within the range of $16.57 and $22.41.

"RGS Energy's operations in nine counties centering around Rochester will provide a solid base forgrowth," Wes von Schack, Energy East's chief executive told the company's annual meeting.

Von Schack said RG&E's generation portfolio will help Energy East manage some of the business risks that are naturally inherent in a transmission and distribution business. "RG&E's powergeneration facilities substantially satisfy its customers' needs, and will help support some of NYSE&G's supply requirements and improve our ability to continue to deliver electricity at stable prices," he said.

The electricity shortages and price shocks that are impacting several parts of the country, mostnotably California, are also being experienced in New York. "Fortunately, NYSE&G customers havebeen spared these price shocks because their electricity supply and delivery prices have been frozensince 1995," von Schack said.

If approved by state and federal regulators, the acquisition is expected to close next year, Energy East said. The combined company will serve 3 million customers, including about 1.8 million electricity customers, 1 million natural gas customers and about 200,000 other retail energy customers.

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