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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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Calpine Announces Completion of Expansion Project at The Geysers Geothermal Complex

LCG, June 10, 2026--Calpine, a business unit of Constellation, announced early this week the completion of a 25 MW expansion project at The Geysers geothermal complex located in Sonoma County, California. The addition builds on Calpine's continued investments in The Geysers to support California's renewable energy goals and to provide reliable, around-the-clock renewable power as the demand for clean electricity continues to grow.

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Industry News

First Energy Sells Aussie GasNet via IPO

LCG, Dec. 14, 2001--First Energy Corp. said yesterday that it has completed the initial public offering of its GasNet subsidiary in Australia, which was acquired through the company's merger with the former GPU, Inc. which was completed last month.

First Energy said the sale will immediately reduce its consolidated debt by $290 million of GasNet-related debt. Additionally, $125 million of net proceeds from the sale will be used to reduce debt, primarily at First Energy's electric utility operating companies in the United States.

"The sale of GasNet supports First Energy's business strategy of continuing to divest non-core businesses, increasing our financial flexibility through the reduction of debt, and focusing on our integrated approach to meeting the energy needs of retail customers in our targeted operating region," said Richard H. Marsh, senior vice president and chief financial officer.

GasNet, which is headquartered in the Australian state of Victoria, owns and operates 1,200 miles of high-pressure gas transmission pipeline networks, which serve about 1.4 million residential customers and some 43,000 industrial and commercial users throughout Victoria.

GasNet chief executive Christine O'Reilly said, "We are delighted with the very strong support shown by both retail and institutional investors. We look forward to beginning this exciting new phase of the business and delivering value to our new unitholders."

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