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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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Duke Energy Submits 2026 Carolinas Resource Plan to Public Service Commission

LCG, August 19, 2026--Duke Energy announced Monday that its 2026 Carolinas Resource Plan was submitted August 14 to the Public Service Commission of South Carolina (PSCSC). The company states that its strategy is designed to maximize the value of existing resource assets while (i) making prudent investments in additional diverse resources needed to serve South Carolina's growing population and economy and (ii) maintaining its focus on delivering safe, reliable and affordable energy. The PSCSC will now evaluate the 2026 Carolinas Resource Plan, hold a hearing in April 2027 and issue an order by June 2027.

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Industry News

Williams to Spin Off Communications Business

LCG, April 2, 2001The Williams Cos. board of directors on Friday made plans to spin off the company's Williams Communications affiliate, saying the move was a logical step toward boosting value for shareholders.

The Williams board said it would distribute as a stock dividend to the company's shareholders about 400 million shares of the Williams Communications stock it currently owns. The distribution will represent about 95 percent of the parent company's stake.

"Given our revenue growth, our solid financing plan, our fully operational network and our stablecustomer base, this spinoff, is the natural evolution of a business strategy begun in 1998, when were-entered the telecommunications space," Howard Janzen, president and chief executive ofWilliams Communications said in a statement.

Williams Communications has been on a roll, doubling its revenues over the past year and completing a 33,000 mile fiber optic network connecting 125 cities a year ahead of schedule. Among the users of the network are long distance telephone companies, Internet providers, all of the major news and broadcast services and more than 600 television stations.

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