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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 Signs Agreement for 600 MW of Wind Energy to Arizona Grid from Pattern Energy's SunZia Project

LCG, July 8, 2026--Salt River Project (SRP) and Pattern Energy today announced they have signed a Power Purchase Agreement (PPA) for 600 MW of SunZia wind energy. SRP will begin to receive 400 MW of energy this fall and will increase its allocation to 600 MW by summer of 2027. The agreement will support SRP's efforts to meet growing energy demand across the Phoenix metropolitan area while maintaining affordability, reliability and sustainability for customers.

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Industry News

Duke Announces Plans to Sell More Power Plants

LCG, September 14, 2005--Duke Energy announced yesterday that its board of directors approved a plan to pursue the sale of substantially all of Duke Energy North America's (DENA) physical and commercial assets outside the Midwest. The portfolio includes approximately 6,200 MW of electric generating facilities located primarily in the West and Northeast, plus effectively all of DENA's trading book. The assets will be sold or otherwise divested within the next twelve months.

In announcing the plan, Duke Energy also stated that it will take a non-cash, pre-tax charge of approximately $1.3 billion, or approximately $0.88 per basic share,which will be reported in third quarter 2005 earnings.

Duke Energy stated that it will remain active in the merchant power sector. Following the proposed merger with Cinergy that is anticipated to be completed next year, Duke Energy expects to combine its existing, 3,600 MW of generating assets in the Midwest with Cinergy's commercial operations, providing a sustainable merchant business model in the region.

Duke Energy sold over 6,500 MW of its electric generating assets in 2004. In August of last year, Duke Energy completed the sale of its Southeast merchant plants, including eight, natural gas-fired plants with a combined capacity of 5,325 MW, to KGen Partners for $475 million. Last October, Duke completed the sale of its partially completed, 1,200-MW, combined cycle Moapa Power Plant in Nevada for $182 million.

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