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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

Siting of New York City Plant Not Finalized

LCG, Aug. 26, 2003--A power plant that could provide both steam and electricity to New York City and which developer TransGas hopes to build in Greenpoint, Brooklyn, would be better located in an industrial area, according to Michael Bloomberg and some neighborhood groups.

According to a lawyer for TransGas, Sam Laniado, it did not have communications from the city about alternative locations. A spokesman for Mayor Bloomberg, Jordan Barowitz, agrees that New York City needs to address both transmission and generation deficiencies to avert future blackouts. Other blackouts took place in the city in 1999 and 2002.

Bloomberg said that although a power plant has to be built, opposition to siting in residential areas is essentially universal. The city is hoping to have development of the Greenpoint area that would replace old docks and warehouses with housing. Greenpoint, which stretches for about one-and-a-half miles, offers excellent views of the Manhattan skyline, as well as superb transmission access, according to TransGas. Laniado noted that the city would not have final authority in the siting of the plant it plans to build.
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