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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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Duke Energy Submits 2026 Carolinas Resource Plan to Public Service Commission

LCG, August 19, 2026--Duke Energy announced Monday that its 2026 Carolinas Resource Plan was submitted August 14 to the Public Service Commission of South Carolina (PSCSC). The company states that its strategy is designed to maximize the value of existing resource assets while (i) making prudent investments in additional diverse resources needed to serve South Carolina's growing population and economy and (ii) maintaining its focus on delivering safe, reliable and affordable energy. The PSCSC will now evaluate the 2026 Carolinas Resource Plan, hold a hearing in April 2027 and issue an order by June 2027.

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Industry News

Mid-American Unit Sues SoCal Ed over Payment

LCG, Nov. 15, 2001--A subsidiary of a major Midwestern utility holding company said it filed a $100 million lawsuit yesterday against Southern California Edison Co., alleging the struggling utility has reneged on an agreement to pay part of its past-due bill.

CalEnergy Operating Corp., which is 50 percent owned by Mid-American Energy Holdings Corp., said it file suit in California Superior Court in Imperial County claiming SoCal Ed had reneged on an October promise to begin paying overdue bills for electricity produced at its geothermal plants.

In exchange for that agreement, CalEnergy and several other non-utility power producers known as "qualifying facilities" agreed not to file a petition which would force the utility into involuntary bankruptcy.

David Sokol, chairman of CalEnergy's parent company, said SoCal Ed "is reneging on its agreements with renewable energy producers. Edison protects its shareholders while little players across the state, including vendors and landowners in Imperial County, suffer."

Qualifying facilities are not, for the most part, "renewable energy producers." Most are medium-size conventional gas-fueled plants, many of which are cogeneration units, built in response to the Public Utility Regulatory Policies Act (PURPA) of 1978.

SoCal Ed took umbrage in a statement issued yesterday. "We categorically reject as untrue the claim that SCE breached any settlement agreement with CalEnergy or otherwise acted inappropriately," the utility said, adding that it hoped to be able to pay all its creditors early in the new year.

"Meanwhile, we believe it is important to deal fairly and equitably with all creditors and not to single out one group for preferential payments," the company said.

Mid-American Energy is majority owned by billionaire investor Warren Buffett's Berkshire Hathaway Inc. and is the largest utility in Iowa, with operations extending into Illinois and South Dakota.

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