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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

Financing Obtained for Calpine's 600-MW Russell City Energy Center

LCG, June 28, 2011--Calpine Corporation announced yesterday that they have an $844.5 million credit facility to finance construction of the 619-MW, combined-cycle Russell City Energy Center. A Calpine affiliate owns 75% of Russell City and a GE Energy Financial Services affiliate owns the balance.

The new project finance facility includes a construction loan that will convert to a 10-year term loan when commercial operations commence. Construction started at the site in Hayward, California, and commercial operations are scheduled to commence in mid-2013. A ten-year, power purchase agreement (PPA) for the output from the plant is in place with Pacific Gas and Electric Company (PG&E), and PG&E will provide natural gas to the plant.

Calpine's President and Chief Executive Officer stated, "This financing marks an important milestone in our effort to bring much-needed electric power supply to California's Bay Area, allowing us to complete the construction of a modern, flexible, highly efficient, clean and low-carbon energy resource."

The Russell City Energy Center project began in 2001, but California's energy crisis and Calpine's subsequent financial challenges put the project on hold. In September 2007, the California Energy Commission (CEC) approved the natural gas-fired power plant project.
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