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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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SRP and EDP Renewables Announce Completion of 800 MWh Flatland Energy Storage Project in Arizona

LCG, June 9, 2026--EDP Renewables North America LLC (EDPR NA) and Salt River Project (SRP), a not for-profit public power utility serving central Arizona, today announced the completion of the Flatland Energy Storage project, located in Coolidge, Arizona. The new battery energy storage system (BESS) has a generating capacity of 200 MW and can provide 800 MWh of storage capacity to store energy during times of surplus supply and deliver power to customers when needed to meet peak periods of customer demand.

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Industry News

FERC Staff Supports Tougher Natural Gas Index Rules

LCG, January 16, 2003-Federal Energy Regulatory Commission staff have suggested standards for natural gas indices in order to avoid false reporting.

Last year several companies were found to have submitted false natural gas prices to industry periodicals, yielding an inaccurate view of the natural gas market of the time. El Paso Corporation, American Electric Power, Dynegy Inc., CMS Energy Corp., and Williams Cos Inc. have stated that employees gave bogus data to newsletters.

FERC staff members have asserted that minimum reporting standards should apply to natural gas indices. They suggested that indices be subject to third-party review and should include real trading information, not solely aggregate figures.

Dynegy and Xcel Energy have already settled by paying $5 million for their part in manipulating the market with false price reporting. Although publications have procedures to eliminate erroneous or false information, it is not clear what false price information may have been incorporated into indexes.

The Commodities Futures Trading Commission has also subpoenaed Duke Energy, Portland General Electric , and Avista Corp.

FERC commissioners will hold a conference with the Department of Energy's Information Administration regarding natural gas pricing but have not stated whether or not standards will be adopted.

Meanwhile natural gas prices have increased significantly of late, some say due to cold weather and limited supply.

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