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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 Announces New Pediment Battery Energy Storage System Online in Arizona

LCG, June 17, 2026--Salt River Project (SRP) and Aypa Power, a Blackstone portfolio company, yesterday announced that Pediment Battery Energy Storage System (BESS), a 250-MW / 1,000-MWh project, is now online and serving customers. Pediment, located in the Elliot Road Technology Corridor in Mesa, Arizona, brings new storage capacity to the rapidly growing Phoenix metropolitan area.

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Industry News

Reliant Fined in Plant Shutdown Case

LCG, Feb. 3, 2002--The Federal Energy Regulatory Commission (FERC) on Friday released documents and announced a $13.8 million fine based on what a commissioner called "blatant" actions by Reliant Resources to drive up power prices in June 2000 by shutting down power plants in California.

Transcripts of conversations between traders for Reliant that were provided to the FERC indicated that multiple plants were taken out of the market on June 21 and June 22, about one month after prices in the Western power market had begun to climb from previous levels. One trader, whose identity was not given, stated in one transcript, "We decided prices were too low on the daily market, so we shut down everything except Ormond." In another conversation, a trader asked about shutdowns, "Did the market find out?" The answer was "No, God, no." Transcripts were posted on the FERC website.

The Sacramento Bee reported that Mike Florio, an attorney on the board of the California Independent System Operator, said that during the period in question, "roughly 8,000 to 10,000 megawatts disappeared from the Power Exchange market, virtually overnight." Many plant operators said that prolonged running of plants at high capacity made it necessary to take plants down for maintenance.

Reliant Resources will be required to have shutdowns at its plants during the next two years overseen by an independent engineering firm, which will need to provide updates to federal authorities. The fine imposed on Reliant was assessed based on FERC's calculation of the overall impact on buyers of power at the time. The fine will be allocated to individual participants, such as the state's utilities, after specific impacts have been determined.

The amount of the fine was strongly criticized by Gov. Gray Davis, who deemed it "insulting." State Sen. Debra Bowen, D-Marina del Rey, said claims by generators that all possible capacity had been provided to the market had been shown to be "an absolute farce."
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