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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

Lawsuit Brought by PG&E Over Revenue Bond Sale

LCG, Oct. 21, 2002--A lawsuit brought on Thursday by Pacific Gas & Electric Co. questions assumptions built into the sale of revenue bonds by the California Department of Water Resources, and could add to the cost of the bonds' repayment.

The suit had been anticipated, with the possibility of legal action being mentioned in a preliminary prospectus for the offering. It alleges that in the CDWR's deliberations, it held meetings which were not open to the public, and did not obey California law in determining "just and reasonable" revenue requirements. The bonds, to be repaid through a charge on customer bills of the three major investor-owned utilities, are intended to recover funds the agency spent on purchases of power on behalf of the utilities.

Pricing of the bonds depends on the ratings given the various types by the ratings agencies. Today, Standard & Poor's is expected to release ratings, after the PG&E lawsuit prompted it to conduct another review Friday. Fitch Ratings and Moody's Investors Service have signaled they will let their ratings stand. Fitch's vice chairman, Claire Cohen, told the Wall Street Journal, "If the court says something really horrendous, then we'll be reconsidering."

$5 billion worth in variable rate and tax-exempt bonds are being priced starting this week, according to State Treasurer Phil Angelides. An additional $6.95 billion of fixed-rate bonds are to be priced the following week, with the sale ending in another week's time.

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