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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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Oklo and Centrus Sign Letter of Intent to Purchase Nuclear Fuel for Aurora Powerhouse Deployment in Southern Ohio

LCG, June 19, 2026--Oklo Inc. and Centrus Energy Corp. announced yesterday a Letter of Intent under which Centrus agrees to supply enough domestic high-assay low-enriched uranium (HALEU) to power up to five of Oklo's Aurora nuclear powerhouses for multiple years, with deliveries to Oklo scheduled to begin in 2029. Centrus will supply HALEU from its American Centrifuge Plant in Pike County, Ohio to support Oklo’s planned 1.2 GW power campus in the region

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Industry News

Montana Power to Sell the Last of its Energy Assets

LCG, Oct. 2, 2000Montana Power Co. said this morning that it would sell its electric transmission and distribution businesses to NorthWestern Corp. for $1.1 billion. Montana Power will need a new name, because NorthWestern is buying that, too.

Sioux Falls, S.D.-based NorthWestern, parent company of NorthWestern Public Service Co., will pay $612 million in cash and assume $488 million of debt to acquire Montana Power's wires and natural gas lines, adding about 288,000 electricity and 151,000 natural gas customers.

NorthWestern said the deal would be immediately beneficial to earnings. Upon completion of the transaction, it will serve more than 575,000 electricity and gas customers in Montana, South Dakota and Nebraska.

Bob Gannon, Montana Power's chief executive, said "The cash proceeds from these sales, totaling some $1.3 billion, will be reinvested in Touch America, our telecommunications subsidiary, which is a national long-haul broadband data, voice and video transport company."

Richard R. Hylland, president and chief operating officer of NorthWestern, said "We are delighted to welcome the Montana Power team into the NorthWestern family and look forward to working together to achieve extraordinary growth and success for our customers."

NorthWestern said it expected to maintain the Butte headquarters of Montana Power's distributionbusinesses and would continue to use the name Montana Power Co. in that company's service territory.

The transaction is conditioned upon, among other things, approvals from the Montana Public Service Commission, Montana Power shareholders, and the Federal Energy Regulatory Commission.

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