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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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Hanwha Power Announces Successful Commission of 950 MW Trumbull Energy Center in Ohio

LCG, June 26, 2026-- Hanwha Power announced that the commissioning and opening ceremony for the Trumbull Energy Center Combined Cycle Gas Turbine Power Plant (CCGT) was held on Wednesday, marking the successful start-up of the 950 MW facility located in Trumbull County, Ohio. The key project partners, including Korea Southern Power Co., Ltd. (KOSPO), Gemma Power Systems, Siemens Energy, Ohio state government officials, the Korean Consul General, and project financing lenders attended the ceremony.

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Industry News

Florida Power Asks to Cut Rates, Increase Net

LCG, Sept. 17, 2001--Florida Power Corp. on Friday asked the Florida Public Service Commission for permission to cut rates and, at the same time, keep a higher percentage of its operating profits.

The company, Florida's second-largest utility, proposed the first change in its base rates in eight years -- a $5 million reduction in each of the next 15 years for a total of $75 million. The company would also invest $300 million over the next three years to improve reliability and quality of service to its customers in central and north Florida.

Florida Power said the $75 million savings to its customers was "directly attributable to the net savings available to customers as a result of the merger of Florida Power with Carolina Power & Light" Co. last fall.

The company also asked to be allowed to earn a return on equity of up to 13.2 percent. It is currently allowed to earn as much as 13 percent and earned a return of 12.7 percent last year.

Florida Power said that additional reductions were in the offing for its customers. A $37 million reduction will occur in 2004 when the company completes amortization of its 1997 buyout of the Tiger Bay cogeneration project in Fort Meade, from which it was required by federal law to purchase power at above market prices.

The company also said it will file an application with the commission this week that would call for lowering its annual fuel cost and related charges by about $67 million, beginning next year.

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