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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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PowerSouth to Install M501JAC Gas Turbine from Mitsubishi Power at Lowman Energy Center

LCG, June 4, 2026--PowerSouth Energy Cooperative (PowerSouth) yesterday announced plans to increase the electric generating capacity at its Lowman Energy Center (LEC), located in Leroy, Alabama. PowerSouth plans to install a second, highly efficient advanced M501JAC gas turbine with a twenty-five year long-term service agreement from Mitsubishi Power. Burns & McDonnell will provide engineering, procurement, and construction (EPC) services.

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Industry News

Allegheny Asks Permission for Special Borrowing

LCG, July 22, 2003--With its debt already relatively high compared to equity, Allegheny Energy Inc. is seeking to issue new notes that would be backed by regulated utility units, a move that may meet with resistance from the Securities and Exchange Commission.

The $2 billion worth of borrowing by the holding company would be used to sustain the unregulated arm of the company. The requirement regarding capital structure for a company owning utilities under the 1935 Public Utility Holding Company Act is to have at least 28% equity in order to issue securities, whereas in Allegheny's case it stands at 20%. The consequences if the request is not granted could be to undermine the utilities Potomac Edison Co. and West Penn Power, according to the public utilities commissions of Maryland and Pennsylvania. Those commissions have expressed their support of the SEC granting the request.

The Wall Street Journal quoted analyst Craig Shere, with Standard & Poor's, as saying that regulators have taken part in a "backlash" against increasing debt on the part of utilities due to fallout from deregulation. Allegheny owns utilities in Maryland, West Virginia, Virginia and Pennsylvania, and may sell more assets such as trading contracts according to its cash flow situation.
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