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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

Manipulation May Persist in Natural Gas Markets

LCG, Jan. 29, 2003--A report released today by the Federal Energy Regulatory Commission indicates that although companies have acknowledged some false reporting of gas trades to publishers of price indexes has taken place, the potential for manipulation in regional natural gas markets has not gone away.

The agency found that with strong demand for natural gas, and fewer participants in the market to trade, an illiquid situation could be used to boost gas prices further. "Evidence indicates that price manipulation has occurred in certain natural gas marketplaces, and may be continuing," the report states. The author of the report, William Hederman, is director of the agency's office of market oversight.

The regional markets in which possible manipulation was found were not identified. "The ongoing reduction in numbers of wholesale market participants and reduced liquidity and transparency at pricing points may increase the potential for manipulation," the report said. Besides hard-to-detect behaviors such as withholding of supply, upward price pressure has come from the perceived credit risks of market participants. New participants, many from the investment banking community, may counteract these tendencies, the report noted.
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