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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

Williams Keeps License and Will Sign New CA Contract

LCG, July 29, 2002-The Federal Energy Regulatory Commission decided not to revoke Williams Cos.'s power trading license, and California expects to rewrite a long-term contract with the company.

State officials had asked FERC to order the renegotiation of Williams' long-term contracts signed during the power crisis, when electricity prices were unreasonably high, and officials have also asked for a $9 billion refund from the company.

Williams is expected to sign an agreement addressing California's litigation and claims against Williams.

The state will not comment on the agreement until it has been signed.

On Friday, FERC decided not to revoke the energy company's electricity trading license. Earlier the license was threatened because FERC said that Williams did not completely address an order to make available trading information regarding electricity trades during the California crisis.

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