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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

Cape Wind Offshore Project Receives Approval of PPA

LCG, November 27, 2012--Wind farm developer Cape Wind announced Monday that the Massachusetts Department of Public Utilities (DPU) approved its 15-year power purchase agreement (PPA) with NSTAR, an operating company of Northeast Utilities, to purchase the energy, capacity and renewable energy credits from the proposed Cape Wind project.

The 468-MW Cape Wind project will include 130, 3.6-MW wind turbines located in Nantucket Sound, Massachusetts. The offshore wind farm will connect to the power grid via a 66.5-mile, buried submarine transmission cable system. The project developer has pursued government approval since 2001 and completed State and local permitting in 2009.

The newly approved, 15-year PPA with NSTAR covers 27.5 percent of Cape Wind's power. A year ago, the Massachusetts Supreme Judicial Court upheld the DPU's approval of Cape Wind's PPA with National Grid for 50 percent of Cape Wind?s power. Cape Wind?s financial advisor stated, "Taken together, these two PPAs provide Cape Wind with the critical mass to continue securing project financing."

Cape Wind expects to start construction of the wind farm in 2013 with some of the turbines in service in 2015.
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