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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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PowerSouth to Install M501JAC Gas Turbine from Mitsubishi Power at Lowman Energy Center

LCG, June 4, 2026--PowerSouth Energy Cooperative (PowerSouth) yesterday announced plans to increase the electric generating capacity at its Lowman Energy Center (LEC), located in Leroy, Alabama. PowerSouth plans to install a second, highly efficient advanced M501JAC gas turbine with a twenty-five year long-term service agreement from Mitsubishi Power. Burns & McDonnell will provide engineering, procurement, and construction (EPC) services.

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Industry News

Enron Prepared To Sell Trading Arm, Its Largest Source of Revenue

LCG, Jan. 14, 2002--UBS AG, Switzerland's largest bank, is prepared to take over Enron Corp's trading unit, relates the New York Times.

Enron will give up its equity stake, an unexpected development in the deal. Enron will have an interest in the venture's profits, although conditions of the deal will favor UBS' buyout of that interest after five years. If UBS decides against that move, its 33 percent royalty payments on profits would increase to 45 percent.

A rival bidder for the trading operations, Citigroup Inc., was passed over when Enron's unsecured creditor committee, representing banks and holders of Enron debt, selected UBS' offer.

In order for the deal to be realized, U.S. Bankruptcy Court Judge Arthur Gonzalez will have to approve the terms, which emerged from overnight negotiations in New York City. Documentation which will be submitted to the court will also be posted on Enron's website by 11 p.m. Eastern Standard Time.

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