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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

Montana Power Sale of Utility Business Approved

LCG, Feb. 26, 2001The Federal Energy Regulatory Commission has approved the sale by Montana Power Co. of its electric utility operations to North Western Corp. of Sioux Falls, S.D., the two companies said in a joint statement Friday.

The deal will cost North Western about $1.1 billion, including assumption of around $488 million in Montana Power debt. Approval of the deal is still required from the Montana Public Service Commission and the U.S. Securities and Exchange Commission.

In March last year, Montana Power said it would sell all of its power plants, wires and other electric utility assets and become a telecommunications company. By summer, the company will have also sold other energy related businesses in coal, oil and natural gas, as well as its independent power production operations.

"This will take us completely out of the energy businesses and will leave us as a stand-alonetelecommunications company. Our name will be Touch America," spokesman Cort Freeman said.

It would seem that the name could have been sold along with the other assets.

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