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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

Mirant Buys Two Southeast Power Projects from El Paso

LCG, Oct. 23, 2001--Mirant Corp. said this morning it has completed the acquisition of two power plants located in Georgia and Florida from El Paso Corp.

"With this closing, Mirant successfully enters two markets that are key to our Southeast strategy," said David Rozier, chief executive of Atlanta-based Mirant's southern U.S. operations. "Georgia and Florida both provide significant growth potential and we look forward to continued expansion in these states."

Mirant acquired from El Paso a 640 megawatt natural gas-fired power plant in Thomaston, Ga., that has been in operation since June of last year, and a 480 megawatt natural gas-fired plant in New Port Richey, Fla., north of Tampa, Fla., which is scheduled to begin commercial operation in March of next year.

Clark C. Smith, president of El Paso Merchant Energy North America, said the sale "complements our recent acquisition of power facilities in Pennsylvania and Florida." He added that El Paso "will continue to pursue greenfield power development and acquisition opportunities in strategic locations across North America."

Mirant said it will provide power from both plants to customers under a variety of power purchase agreements, helping to meet substantial existing and future demand in both states.

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