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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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Entergy Mississippi Highlights New Benefits from Data Centers Are Reducing Customer Bills

LCG, August 27, 2026--Entergy announced today that new revenues from Mississippi data centers are a primary reason why Entergy Mississippi customers will not see their electricity rates increase this summer. The Mississippi Public Service Commission (MSPC) recently approved a rate plan that keeps Entergy Mississippi’s rates below the national average and prevented what otherwise would have been a $4.87 per month increase in July, compared to June rates. Entergy stated that the elimination of the rate increase is an early example of how data centers are directly benefiting their customers.

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Industry News

CP&L-Florida Progress Merger to Close Thursday

CP&L, Sets Closing Date for Florida Progress Takeover
LCG, Nov. 27, 2000--CP&L Energy Inc. said in a its acquisition of Florida Progress Corp. is scheduled to close on Thursday, pending receipt of regulatory approval from the Securities and Exchange Commission under the Public Utility Holding Company Act.

The company said in its statement "Florida Progress shareholders will receive $54 in cash or CP&L Energy common stock, plus one Contingent Value Obligation related to cash flows from certain synthetic fuel plants, for each share of FPC stock. Florida Progress shareholders have the right to elect cash or CP&L Energy common stock having a value of $54, subject to proration if the elections exceed 65 percent in cash or 35 percent in stock."

Florida Progress shareholders have until 5:00 p.m. New York time tomorrow to make up their minds, the company said.

CP&L claims the combination will create one of the nation's 10 largest energy companies based on a generating capacity of more than 19,000 megawatts and 2.8 million customers in the Carolinas and Florida.

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