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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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DOE Closes $1.9 Billion Loan to Restart Duane Arnold Nuclear Plant in Iowa

LCG, September 9, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) yesterday announced the financial close of a loan of up to $1.9 billion to NextEra Energy to support the finance of the restart of Iowa's only nuclear power plant, the Duane Arnold Energy Center. EDF has now financed three, carbon-free nuclear plant restarts and completed four concurrent conditional commitments and financial closings under the current Administration. This latest investment, along with the others, advance the Administration's energy dominance agenda and Executive Order, Reinvigorating the Nuclear Industrial Base.

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Industry News

AES, Rival Both Drop out of Bidding for Chile's Edelnor

LCG, Oct. 15, 2001--AES Corp. of the united States said this morning in a terse statement that is withdrawing its tender offer to purchase the debt of Chilean power company Empresa Electrica del Norte Grande, or Edelnor.

The notice came on the heels of a similar announcement from Electroandina of Chile, which had made a rival offer for the debt.

Edelnor, one of the largest power producers in northern Chile, is controlled by U.S. energy firm Mirant Corp., and has been plagued by losses. Mirant has said it will not make any further investments in Edelnor.

Acquisition of the debt would have given either AES or Electroandina control of Edelnor, but no both companies have apparently lost interest.

"We have decided not to go ahead with the offer for Edelnor," Manlio Alessi, a senior manager of Tractebel Andino, one of the partners in Electroandina said. No similar statement was forthcoming from AES.

AES had bid $375 per $1,000 of Edelnor's debt, while Electroandina had offered $380. Neither price was high enough to attract interest from bondholders.

"There is a big difference between the price we are willing to pay and the price at which the bond holders are willing to sell," Alessi said.

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