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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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SRP and EDP Renewables Announce Completion of 800 MWh Flatland Energy Storage Project in Arizona

LCG, June 9, 2026--EDP Renewables North America LLC (EDPR NA) and Salt River Project (SRP), a not for-profit public power utility serving central Arizona, today announced the completion of the Flatland Energy Storage project, located in Coolidge, Arizona. The new battery energy storage system (BESS) has a generating capacity of 200 MW and can provide 800 MWh of storage capacity to store energy during times of surplus supply and deliver power to customers when needed to meet peak periods of customer demand.

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Industry News

Former Dynegy Gas Trader Indicted

LCG, Jan. 27, 2003--An indictment was unsealed today, alleging that a former trader for Dynegy, Michelle Marie Valencia, had knowingly reported false gas trade prices to a trade publication in three instances in late 2000 and early 2001.

Valencia, 32 years old, was arrested today in Houston on charges of reporting false trade information and wire fraud. According to U.S. Attorney Michael Shelby, the indictment covers 43 trades that the publication, Inside FERC Gas Market, could have used to develop published natural gas price indexes. The indexes in this publication and others have been used to arrive at a settlement of many gas contracts.

Dynegy stated that it continues to cooperate with authorities in their investigations of reporting practices, and that Ms. Valencia was one of seven traders it has dismissed since last fall. The company paid $5 million in December to settle accusations by the Commodities Futures Trading Commission that it had attempted to manipulate gas-price indexes, and did not admit or deny wrongdoing.

Ms. Valencia could have to serve five years in prison and pay a fine of up to $500,000, if convicted.
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