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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

El Paso Restates Proven Reserves Downward 35 Percent

LCG, Feb. 18, 2004--El Paso Corp. restated its proven natural gas reserves, taking a $1 billion charge based on the reduction in its reserves by 1.8 trillion cubic feet, to 2.6 trillion cubic feet.

The revision, which was announced following the close of markets yesterday, had been expected based on earlier disclosures by the company, although expectations among analysts were for a smaller restatement than was announced. The company informed the Securities and Exchange Commission that the restatement was approaching, and that if officials desired, it would provide further information.

A similar restatement was made in January, when Royal Dutch/Sheel Group of Cos. revised its estimates of proven reserves, by including 3.9 billion barrels' worth of formerly "proven" reserves of oil with totals that were considered within "scope for recovery". Proven reserves are considered recoverable, whereas the latter category indicates a lesser degree of certainty.
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