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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

El Paso Chief Exec to Resign

LCG, February 11, 2003-William Wise, chief exectutive officer of the El Paso Corporation, announced his resignation Monday, although he will stay on through this year.

El Paso Corporation, a natural gas pipeline company, has been facing severe debt, in addition to lawsuits, and last week declared $2.9 billion in asset sales as well as a large cut in annual dividends, from 87 cents to 16 cents per share.

Shareholders, including an investor group led by the largest single shareholder, Selim Zilhka, have been rallying for changes in the El Paso board and the replacement of the management team.

Wise has worked for El Paso for 33 years and as CEO beginning in 1990. He will stay on until a new CEO is found and keep his title as chairman through this year.

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