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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 and EDP Renewables Announce Completion of 800 MWh Flatland Energy Storage Project in Arizona

LCG, June 9, 2026--EDP Renewables North America LLC (EDPR NA) and Salt River Project (SRP), a not for-profit public power utility serving central Arizona, today announced the completion of the Flatland Energy Storage project, located in Coolidge, Arizona. The new battery energy storage system (BESS) has a generating capacity of 200 MW and can provide 800 MWh of storage capacity to store energy during times of surplus supply and deliver power to customers when needed to meet peak periods of customer demand.

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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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