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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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Construction Starts on Panamint Capital's 1.2 GW Solar Project in Texas

LCG, July 23, 2026--Panamint Capital announced today that construction has commenced at Big Rooter Power, a nearly 1.2 GWdc solar PV project located at the company's Twin Oaks power station in Robertson County, Texas. The $1.7 billion will be the largest solar project built at an existing coal mining site in North America.

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Industry News

Reliant Energy to Change Name, Split

LCG, Dec. 18, 2001--Reliant Energy Inc. said yesterday that it would change its name to Center Point Energy as part of a plan to split itself into two companies. The name change comes less than three years after "Reliant Energy" replaced "Houston Industries" as the company's name.

It is getting harder and harder to associate companies' names with bricks and mortar.

Since Houston Industries was formed as the holding company for Houston Lighting & Power Co., a regulated utility, and for other non-regulated activities, the company has operated as two separate businesses.

The new scheme will make it official. Under a plan approved by shareholders yesterday, Center Point Energy will become a holding company that will replace Reliant Energy on the New York Stock Exchange. It will own a regulated utility also called Center Point and an unregulated energy company called Reliant Resources.

It is uncertain how long the new setup will last. Reliant spokeswoman Sandy Fruhman said "We view the formation of Center Point as an interim step," but did not say on the way to what.

The split of the company is tied to electric deregulation in Texas, according to Reliant chief executive Steve Letbetter. "Both Center Point Energy and Reliant Resources will include sizable and well-established business operations," he said. "However, regulated energy delivery is very different from competitive energy services, and each represents a distinct type of investment."

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