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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

More Firms Bare Exposure to Enron Fallout

LCG, Dec. 3, 2001--Twenty more companies were added over the weekend to the list of 33 energy and financial firms admitting to exposure to millions of dollars in losses that could result from the collapse of Enron Corp.

Standard & Poor's said on Friday it has reviewed a number of credit derivative transactions in which Enron appears and found exposure to the company in three different types of these transactions. Divided among these deals, direct Enron credit exposure potentially could total $3.3 billion.

To the list of 33 potential losers reported in this space last Friday, these companies can be added:

  • ABM Amro - 110 million euros ($98 million U.S.).
  • Abbey National (UK) - 115 million ($164 million U.S.).
  • Aegon NV (Netherlands) - loans of $300 million.
  • Denbury Resources - about $26 million.
  • FPL Group - about $2 million.
  • John Hancock Financial Services Inc. - $320 million exposure to Enron's bonds, about one third of that debt secured.
  • International Power Plc - less than 2 million.
  • KCS Energy Inc. - around $3.8 million from hedges and oil and gas sold through Enron units.
  • MetLife Inc. - $63 million.
  • National Fuel Gas - $10.4 million.
  • Nicor Inc. - under $5 million.
  • Oneok Inc. - under $40 million before tax.
  • PG&E Corp.'s National Energy Group - uncollateralized exposure of about $8 million plus commodity hedge contracts with a market value of about $70 million based on forward prices.
  • Principal Financial Group - $171 million, plus another $50 million from investments in Enron-related entities.
  • Royal Bank of Scotland - 600 million ($856 million U.S.).
  • Sony Bank - $3 million.
  • Sumitomo Mitsui Banking Corp. - $210 million.
  • UtiliCorp United Inc. - two unsecured promissory notes totaling $31.5 million.
  • Westport Resources - less than $3.2 million in commodity sales contracts.
  • Wiser Oil - $6.1 million in 2001 and 2002 hedges.
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