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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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PJM Accepts More Than 200 GW of New Generation Projects Into First Cycle of Reformed Interconnection Process

LCG, August 3, 2026--PJM Interconnection today announced that 715 new generation projects, capable of generating more than 200 GW of electricity, have qualified to be studied in the first Cycle of PJM's reformed interconnection process. PJM's application window closed April 27, with 811 proposals submitted for new resources. The applications were subject to an initial screening process that vets applications for required technical information and financial deposits.

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Industry News

Duke Affiliate Settles Charges of False Reporting

LCG, Sept. 17, 2003--Duke Energy Trading & Marketing, an affiliate of Duke Energy Corp., was issued an order by the Commodity Futures Trading Commission to pay $28 million, based on the agency's findings that the affiliate had knowingly reported false trading information to publishers of natural gas transactions, charges that the company neither admitted nor denied.

The CFTC stated that price and volume information was falsified in cash-based transactions, some of which did not in fact take place. The regulatory agency also concluded that reporting by Duke Energy Trading & Marketing could have had an effect on prices of natural gas futures contracts traded on the New York Mercantile Exchange. The time during which the reporting was to have taken place is January 2000 through August 2002, through the Houston office.

The $28 million consitutes a civil penalty, and is linked with a pledge by Duke of cooperation in further fact-finding by the CFTC.
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