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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 Signs Agreement for 600 MW of Wind Energy to Arizona Grid from Pattern Energy's SunZia Project

LCG, July 8, 2026--Salt River Project (SRP) and Pattern Energy today announced they have signed a Power Purchase Agreement (PPA) for 600 MW of SunZia wind energy. SRP will begin to receive 400 MW of energy this fall and will increase its allocation to 600 MW by summer of 2027. The agreement will support SRP's efforts to meet growing energy demand across the Phoenix metropolitan area while maintaining affordability, reliability and sustainability for customers.

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Industry News

Enron's Energy Traders Trading for UBS

LCG, Feb. 12, 2002--Yesterday marked renewed energy trading by former traders for Enron and associated staff, now working for UBS Warburg Energy.

UBS Warburg AG, the Swiss bank, owns the group, and whereas Enron conducted business through EnronOnline, a new site, UBSWenergy.com, is handling new accounts.

The unit is to be found in Enron's Houston office tower, and is led by Greg Whalley, once Enron president and chief operating officer. The energy trading business accounted for most of Enron's profits before misleading accounting practices led to its stock plunging and a bankruptcy filing in December.

The deal UBS Warburg made to acquire the trading unit last month will give Enron a claim on 33 percent of pre-tax profits for two years. An analyst at Fulcrum Global Partners in New York, Michael Barbis, told the Houston Chronicle, "no one expects them to be what they were. It will be a tougher time for them to get going, is my bet."

In the wake of Enron Corp.'s demise, which led to losses by other traders, some of those who dealt with Enron in the past are so far conducting transactions using the Intercontinental Exchange, owned by a consortium of well-financed energy-trading firms.
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