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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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Avantus and Clean Power Alliance Sign PPA for 200-MW Solar Plus Storage Facility for Southern California Communities

LCG, July 13, 2026--Avantus, an independent power producer (IPP), and Clean Power Alliance (CPA) today announced a 20-year power purchase agreement (PPA) for the Rexford 2 solar and storage project in Tulare County, California. The project will deliver 200 MWac of solar power combined with a 200 MW/800 MWh of battery energy storage system (BESS) to the California grid. The project is scheduled to commence construction in 2027 and achieve operations in late 2028. Commercial operations under the PPA are scheduled to start in May 2029. Avantus plans to own and operate facility.

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Industry News

Feds Okay CP&L Takeover of Florida Progress

LCG, July 14, 2000--The pending takeover of Florida Progress Corp. by the holding company for Carolina Power & Light Co. has been approved conditionally by the Federal Energy Regulatory Commission and by the Department of Justice and Federal Trade Commission, CP&L Energy Inc. said yesterday.

FERC approved the combination on condition that the companies make a filing by October 15 of their plans to transfer operational control of their transmission facilities to an independent system operator or other regional transmission organization. The transfer would have to be accomplished by December 15 of next year.

In its ruling, FERC said "we find that applicants' proposed merger and mitigation commitments are consistent with the public interest. Accordingly, we will approve the merger without further investigation."

In a separate ruling, the Department of Justice and the Federal Trade Commission found no adverse effects on competition as a result of the acquisition.

William Cavanaugh, CP&L chief executive, said "Both companies are committed to FERC's vision for regional transmission entities, so we are confident we will complete this acquisition on schedule this fall." Cavanaugh will be chairman, president and chief executive of the new company formed by the merger.

The acquisition still must be approved by other federal and state regulatory agencies, including the Securities and Exchange Commission and the North Carolina Utilities Commission and by shareholders of both companies.

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