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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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PJM Releases New Five-Year Strategy Plan

LCG, August 20, 2026--PJM released its new five-year strategy yesterday, entitled "Shaping a Powerful Change, Working to Perfect the Flow of Energy." The strategy specifies PJM’s mandate to be a mission-driven organization that serves the public interest as a FERC-authorized RTO. PJM's strategy plan outlines the need to meet the demands of accelerating load growth amid constrained capacity and a rapidly evolving industry. The plan states, "We are clear about our priorities: Reliability is our North Star.”

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Industry News

Pepco-Conectiv Merger Clears Two Federal Hurdles

LCG, Aug. 8, 2001--The proposed merger between Potomac Electric Power Co. and Conectiv Inc. has been approved by the Federal Trade Commission and the Justice Department, Pepco said yesterday.

The companies expect the transaction to close in the first quarter of next year, though approvals are still required from the Securities and Exchange Commission and several state agencies.

The combination, which would put Pepco and Conectiv's Atlantic Energy Co. and Delmarva Power & Light Co. under the same ownership, would create the largest electric company in the mid-Atlantic region, with almost two million customers in the District of Columbia, Virginia, Maryland, Delaware and New Jersey.

Under the deal, Pepco would pay $2.2 billion in cash and stock for Conectiv and assume $3.2 billion of Conectiv's debt.

Shareholders of both companies approved the merger in July, and yesterday expressed their pleasure with the federal approvals by sending the stock of the two utilities higher. Pepco's stock was up 38 cents to close at $21.86 a share, while shares of Conectiv were up 56 cents to close at $23.22.

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