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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

FERC Judge Rules States Cannot Block AEP from PJM

LCG, Mar. 12, 2004--An Administrative Law Judge with the Federal Energy Regulatory Commission (FERC), William Cowan, has issued an order that aims to speed up the entry of American Electric Power Co. (AEP) into the Pennsylvania-Jersey-Maryland Interconnection (PJM), the mid-Atlantic grid administrator.

The ruling came as a result of earlier conflicts between FERC's interest in having utilities join regional transmission organization and laws passed by Virginia and Kentucky that are intended to block its entry into PJM. The ruling allows the states to file briefs detailing exceptions to the ruling within 15 days. AEP is now scheduled to make a transition to PJM membership by October.

Both Virginia and Kentucky's legislative strategies are based on concerns among regulators and legislators that the inclusion of AEP could raise costs for customers. For its part, FERC feels that open access for suppliers besides established utilities can lower costs.
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