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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

California Rewrites Contracts with Williams Cos.

LCG, November 12, 2002-California officials and energy company Williams Cos. reached a settlement yesterday, yielding the state $417 million.

In 2000 and 2001, Californian energy purchasers signed $43 billion in long-term energy contracts, estimated to be roughly twice the price necessary.

California Attorney General Bill Lockyer brought lawsuits against several energy companies earlier this year, alleging contract prices were unfairly high.

Williams Cos. agreed to pay California $417 million, which includes renegotiating its 10-year contract with the state by $180 million. The deal also includes yielding the state six turbines, worth $90 million, putting $150 million to energy efficiency, and giving $80 million to projects for solar energy in California schools. $147 million will go to state agencies over eight years. Reports on the allotment of funds are unclear as to how all these projects' costs add up to $417 million, but Lockyer has said that the net effect could be as large as $1.4 billion.

As part of the settlement, Williams Cos. will also pay Oregon and Washington each $15 million over three years.

While the $417 million is being touted as a major victory for the state, some Californians may wonder from where the remaining $21.6 billion in alleged overcharging will come.

The settlement still faces court and regulatory approval.

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