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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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Duke Energy Submits 2026 Carolinas Resource Plan to Public Service Commission

LCG, August 19, 2026--Duke Energy announced Monday that its 2026 Carolinas Resource Plan was submitted August 14 to the Public Service Commission of South Carolina (PSCSC). The company states that its strategy is designed to maximize the value of existing resource assets while (i) making prudent investments in additional diverse resources needed to serve South Carolina's growing population and economy and (ii) maintaining its focus on delivering safe, reliable and affordable energy. The PSCSC will now evaluate the 2026 Carolinas Resource Plan, hold a hearing in April 2027 and issue an order by June 2027.

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Industry News

CMS Energy to Exit India

LCG, Nov. 12, 2001--Michigan utility holding company CMS Energy Corp. said in an e-mailed news release this weekend that it is planning to sell all of its energy interests in India.

Early this summer, CMS said that it was losing its enthusiasm for doing business on the subcontinent after plans to build an 1,850 megawatt power plant along with a liquefied natural gas terminal on the Coromandel Coast, just north of Madras, became hopelessly entangled in red tape.

CMS did not say the difficulty of doing business in India was the reason for its planned exit from that country.

Kelly M. Farr, the company's director of communications, said "CMS Energy is refocusing its business strategy to repair its overleveraged balance sheet. As such, we will concentrate on our home base of North America for future growth and ultimately sell our energy assets in India."

But there are parallels between the $1.6 billion LNG-power plant project and Enron Corp.'s similar $2.9 billion project on the west coast of India.

CMS said it would look for buyers for its 49 percent interest in the 200 megawatt Basin Bridge power plant in Madras, its 23 percent stake in a 235 megawatt plant in southern Andhra Pradesh state and its 50 percent share of a 250 megawatt plant under construction south of Madras.

CMS has about $690 million invested in those three projects.

Farr said no timetable had been set for the sell-off.

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