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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 Announces New Pediment Battery Energy Storage System Online in Arizona

LCG, June 17, 2026--Salt River Project (SRP) and Aypa Power, a Blackstone portfolio company, yesterday announced that Pediment Battery Energy Storage System (BESS), a 250-MW / 1,000-MWh project, is now online and serving customers. Pediment, located in the Elliot Road Technology Corridor in Mesa, Arizona, brings new storage capacity to the rapidly growing Phoenix metropolitan area.

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Industry News

El Paso Energy Completes Merger With Coastal

LCG, Jan. 30, 2001--El Paso Energy Corp. said yesterday that it completed its $24 billion merger with The Coastal Corp. following Federal Trade Commission clearance for yesterday's announcement. The company says it is now the fourth-largest U.S. energy company.

"This merger is a transforming event for both El Paso Energy and Coastal," said William A. Wise,chairman, president, and chief executive.

As part of the Federal Trade Commission approval of the merger, the company has agreed to divest its ownership in five pipeline systems as well as Coastal's ownership of the Gulfstream natural gaspipeline project.

In addition, subsidiary El Paso Energy Partners will divest certain offshore assets and its 33.92-percent interest in the Nemo gathering project, which is currently under construction.

Coastal shareholders will receive 1.23 shares of El Paso Energy common stock for each share ofCoastal common stock and Class A common stock on a tax-free basis. Coastal's outstandingconvertible preferred stock will be exchanged for El Paso Energy common stock on the same basisas if the preferred stock had been converted into Coastal common stock immediately prior to themerger.

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