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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

Endesa in Surprise Bid for French Power Firm

LCG, Oct. 4, 2000Spain's largest utility, Endesa, has bid an undisclosed sum for a 30 percent interest in French power producer Socit Nationale d'Electricit et de Thermique, a government-owned operator of coal-fired plants.

Snet, which had 1999 revenues of about $320 million and operated five generating stations, is controlled by state-run Charbonnages de France, the country's coal-producing monopoly. The French government has offered 30 percent of Snet as the first step in its privatization, though Charbonnages would retain controlling ownership.

It had been thought that a brokered marriage had been arranged with Suez Lyonnaise under which Suez would purchase the 30 percent and also assist Snet in financing a new thermal power plant.
The surprise bid by Endesa could test the willingness of France to open its electricity sector to foreign competition. Last February, after a year of foot dragging and under pressure from its European Union partners, France reluctantly said it would liberalize 25 percent of its power market. So far there has been little evidence that it has done so.

Industry observers in Paris say that it would be difficult for the French government not to sell the interest in Snet to Endesa if the Spanish firm offers more money than Suez. Furthermore, they say that Suez would be unlikely to raise its offer because it is eyeing investment in Italy and on the Iberian Peninsula.

Endesa, which recently admitted it was in talks that would lead to a merger with Iberdrola, Spain's second-largest power company, is known to be looking beyond the Spanish border and has budgeted about $3 billion for expansion into other parts of Europe.

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