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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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Avantus and Clean Power Alliance Sign PPA for 200-MW Solar Plus Storage Facility for Southern California Communities

LCG, July 13, 2026--Avantus, an independent power producer (IPP), and Clean Power Alliance (CPA) today announced a 20-year power purchase agreement (PPA) for the Rexford 2 solar and storage project in Tulare County, California. The project will deliver 200 MWac of solar power combined with a 200 MW/800 MWh of battery energy storage system (BESS) to the California grid. The project is scheduled to commence construction in 2027 and achieve operations in late 2028. Commercial operations under the PPA are scheduled to start in May 2029. Avantus plans to own and operate facility.

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Industry News

Mirant's Debt Rating Lowered to Junk

LCG, October 22, 2002-In line with the state of numerous energy companies lately, Mirant Corporation saw its debt rating lowered to junk status late yesterday by Standard & Poor's Ratings Services.

Mirant, which has outstanding debt of $10.7 billion, went from a unsecured debt rating of BB to BBB-minus.

On October 10, Moody's Investors Service downgraded the company's debt to near junk, at which point Mirant spokespeople made a point of the company's devotion to "strengthen liquidity and reduce trading and marketing activity," as was stated by company chief financial officer Ray Hill.

Mirant owns or controls 17,000 megawatts worth of electric capacity in the United States.

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