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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

AES Buys Control of Chile's Number 2 Power Firm

LCG, Dec. 29, 2000AES Corp. said yesterday that it has acquired 61.57 percent interest in the number two electric generating firm in Chile for $841 million. AES bought nearly 3.5 billion shares of Gener in an auction on the Santiago Stock Exchange.

AES first made a tender offer for Gener two months ago and then, on December 12, sweetened its offer to attract more sellers of Gener stock. Coupled with its $16.50 offer for Gener's American Depositary Shares, AES' total bid is for 80 percent of the Chilean company at a cost of about $1.1 billion.

Under a new Chilean law, AES must now make an offer for the balance of Gener shares. The law requires any investor acquiring two-thirds of a Chilean firm to take complete control. AES acknowledged the law earlier this week and said it would do just that.

Naveed Ismail, AES director for Latin America, told a news conference yesterday "Today we acquired 61.57 percent of Gener and tomorrow (today) probably we ought to be buying another 25 percent which will give us close to 90 percent of the company's share capital."

Ninety percent of Gener works out to a $1.3 billion investment for AES.

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