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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 and EDP Renewables Announce Completion of 800 MWh Flatland Energy Storage Project in Arizona

LCG, June 9, 2026--EDP Renewables North America LLC (EDPR NA) and Salt River Project (SRP), a not for-profit public power utility serving central Arizona, today announced the completion of the Flatland Energy Storage project, located in Coolidge, Arizona. The new battery energy storage system (BESS) has a generating capacity of 200 MW and can provide 800 MWh of storage capacity to store energy during times of surplus supply and deliver power to customers when needed to meet peak periods of customer demand.

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Industry News

CA Commission Submits its PG&E Bankruptcy Plan

LCG, April 16, 2002-The California Public Utilities Commission filed its plan for PG&E's emergence from bankruptcy.

The Commission and Pacific Gas & Electric Utility both have ideas about how to erase the $13.5 billion debt that the utility shoulders. According to the U.S. Bankruptcy Court in San Francisco, the utility's creditors will get to vote on which proposal should be implemented.

The plan submitted by the Commission calls for payment of creditors, including interest, as well as the re-establishment of an investment-grade credit rating by 2003. The plan includes withholding dividends from shareholders until the end of January next year. The utility would also be required to sell some of its common stock to resolve some thirteen percent of its debt.

The unpaid dividends may result in "substantial litigation," according to PG&E, and the utility fears that the sale of stock and the suspension of dividends will be detrimental to employees and retirees who own a lot of stock in the utility.

Additionally, the Commission's plan provides for no increase in electricity rates, and PG&E must continue to abide by state regulations. PG&E Corporation, PG&E utility's parent company, will also be partially responsible, monetarily speaking, for getting PG&E utility out of debt.

PG&E's rival plan, submitted earlier, suggests breaking the utility into four companies, three of which would fall outside of state regulation and therefore out of the influence of the Public Utilities Commission.

May 3rd is the deadline for all objections regarding the Commission's plan, and Bankruptcy Judge Dennis Montali has suggested the 17th of June for the commencement of voting by creditors.

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