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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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Calpine Announces Completion of Expansion Project at The Geysers Geothermal Complex

LCG, June 10, 2026--Calpine, a business unit of Constellation, announced early this week the completion of a 25 MW expansion project at The Geysers geothermal complex located in Sonoma County, California. The addition builds on Calpine's continued investments in The Geysers to support California's renewable energy goals and to provide reliable, around-the-clock renewable power as the demand for clean electricity continues to grow.

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Industry News

Ratepayers to Pay for Stranded Assets in Texas

LCG, Feb. 4, 2004--The extensive building of new power plants in Texas has rendered many older plants less profitable than they would otherwise be, but according to the state's 1999 deregulation law, the impact on utilities will be reduced through stranded asset charges on consumers' electricity bills.

The amounts of such charges will be greater than utility commissioners or lawmakers anticipated, and stem in part from the fact that little surplus power generated within the state can be exported to neighboring regions.

Stranded asset charges are essentially calculated as the difference between plants' book value and their market value, which are expected to be between $4 billion and $5 billion for CenterPoint Energy Inc., originally Houston Power & Light. This averages approximately $1,000 per customer around Houston. The charges will mean that consumers will not receive refunds as had been anticipated by the Public Utility Commission of Texas in 2001. In the case of TXU Corp., however, a 2002 settlement of $1.3 billion has limited the amounts to be paid by ratepayers for older plants.

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