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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

California Power Costs put Utility $1.97 Billion in Hole

LCG, Sept. 26, 2000--The inability of Southern California Edison Co. to charge customers for the full cost of electric power the company delivers has put the utility $1.97 billion in the hole, according to an 8-K filing with the Securities and Exchange Commission by its parent Edison International Inc.

Because of electric industry restructuring in California, SoCal Ed sold off its power plants, except for the San Onofre nuclear power plant, and must by law purchase power through the California Power Exchange, where it pays market prices. The same law that restructured the industry placed a lid on the price SoCal Ed can charge its customers for electricity.

The utility pays the higher price at the power exchange and charges the lower price to its customers, a problem that began in May and will continue at least through this month.

SoCal Ed says that its ability to get its $1.97 billion back depends on favorable regulatory actions, as well as such iffy things as weather, the market prices of natural gas and electricity and economic conditions in general.

If it looked like the company was not going to be able to recover the undercollection, it would be required to write off the unrecoverable portion as a charge against earnings. In that case, the company's shareholders -- even those living in Vladivostok -- would be subsidizing California consumers.

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