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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

Mirant Writes Off Chile's Edelnor, Seeks Buyer

LCG, Oct. 22, 2001--Mirant Corp. of the United States said on Friday it would write off its entire investment in Chilean power company Empresa Electrica del Norte Grande S.A. (Edelnor), and would seek a buyer for the money-losing company.

The announcement came following decisions by Electroandina, a Chilean utility, and AES Corp. of the U.S. to cancel their bids to acquire control of Edelnor by buying the Chilean company's debt for about a two-thirds discount.

Mirant has said for some time that it would not invest any new money in Edelnor and confirmed Friday that liquidity was a major problem for its Chilean unit.

Mirant also said it could give no assurance that Edelnor would be able to make interest payments due on December 15.

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