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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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DOE Closes $1.9 Billion Loan to Restart Duane Arnold Nuclear Plant in Iowa

LCG, September 9, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) yesterday announced the financial close of a loan of up to $1.9 billion to NextEra Energy to support the finance of the restart of Iowa's only nuclear power plant, the Duane Arnold Energy Center. EDF has now financed three, carbon-free nuclear plant restarts and completed four concurrent conditional commitments and financial closings under the current Administration. This latest investment, along with the others, advance the Administration's energy dominance agenda and Executive Order, Reinvigorating the Nuclear Industrial Base.

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Industry News

Babcock & Brown Ready to Proceed with Trans Bay Cable

LCG, August 17, 2007--Babcock & Brown announced yesterday that it received approval from the San Francisco Bay Conservation and Development Commission (BCDC) for its proposed Trans Bay Cable, a $450 million electric transmission project designed to improve grid reliability and service to San Francisco.

The proposed high voltage direct current (HVDC) cable will extend 53 miles from Pittsburg southwest to San Francisco via an underwater route in the San Francisco Bay and will be capable of delivering up to 400 MW into San Francisco. The City of San Francisco is otherwise dependent upon transmission lines extending up the San Francisco Peninsula from the south.

In September 2005, the Board of Governors of the California Independent System Operator (ISO) selected the project over other alternatives. With the approval from the BCDC, Babcock & Brown stated that the project is now scheduled to commence operations in 2010.

Babcock & Brown's partner in the project is the City of Pittsburg, which will own, operate and maintain the facilities.
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