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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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PJM Releases New Five-Year Strategy Plan

LCG, August 20, 2026--PJM released its new five-year strategy yesterday, entitled "Shaping a Powerful Change, Working to Perfect the Flow of Energy." The strategy specifies PJM’s mandate to be a mission-driven organization that serves the public interest as a FERC-authorized RTO. PJM's strategy plan outlines the need to meet the demands of accelerating load growth amid constrained capacity and a rapidly evolving industry. The plan states, "We are clear about our priorities: Reliability is our North Star.”

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Industry News

Italy Approves Montedison Takeover by EdF, Fiat

LCG, July 18, 2001Italenergia, the joint vehicle through which Electricit de France and Fiat are making their hostile bid for Italian utility Montedison, won approval yesterday from Italy's stock market regulator Consob after agreeing to raise their offer to at least the minimum required by takeover rules.

Consob found that Italenergia had acquire shares of Montedison at market prices higher than their hostile offer. Under Italian takeover rules, the minimum bid must be the average of the last 12 months' weighted trading average and the highest price paid in the market.

Because the European Union could derail the deal if it suspends, even temporarily, Italenergia's voting rights on the 52 percent of Montedison it already owns, Consob also insisted that the EdF-Fiat vehicle include a warning in its prospectus that Brussels could examine EdF's role in the bid.

For EdF, the takeover would be is means of entry into the Italian energy market. The EU has expressed displeasure with France and the French utility for foot-dragging on opening their own market while taking advantage of the openness of the markets in other EU countries.

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