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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

Constellation Moves on 680 Megawatt Florida Plant

LCG, April 2, 2001A subsidiary of Constellation Energy Group Inc. said Friday it has begun site clearing for a 680 megawatt merchant power plant to be built in an industrial area close to the city of Cocoa, Fla.

The facility, called the Oleander Power Plant, will sell 80 percent of its output to the Seminole Electric Cooperative of Tampa under a seven-year arrangement which will begin late next year. The remainder of the plant's power will be sold into the Florida wholesale market.

"Building a peaking power plant to serve the Sunshine State is important because electric generation reserves in the state have declined in recent years," said Oleander project manager Richard L. Wolfinger. "The Oleander Plant will provide additional capacity to Seminole Electric Cooperative and, because it will increase electric generation reserves, it will also offer added electric reliability for Florida."

The city of Cocoa has agreed to supply enough reclaimed water to the Oleander Power Plant to meet at least 65 percent of the facility's water requirements.

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