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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 Gov. Davis Tells Electric Woes to Greenspan

LCG, Dec. 27, 2000California Gov. Gray Davis met yesterday afternoon with Federal Reserve Chairman Alan Greenspan and Treasury Secretary Lawrence H. Summers, emerging wiser, perhaps, but no closer to a solution to his state's electricity crisis.

Davis met for two hours with the federal officials seeking opinions on how to resolve the breakdown in California's power predicament which has pushed the state's two largest electric utilities to the point of bankruptcy and has populist activists calling for a bailout of consumers facing large rate increases.

Davis declined reveal details of the meeting, telling reporters only that federal financial help was not discussed. "I didn't ask for that, nor, frankly, do I think that would be forthcoming," he said.

Pacific Gas & Electric Co., which serves 4.5 million customers in a territory with a population of 13 million, and Southern California Edison Co., with 4.2 million customers in an area with a population of 11 million, have since early this year been paying more for the electricity sold to all those people than they have been paid.

Between them, the two utilities have piled up more than $8 billion in those underpayments and are facing insolvency. A week ago, Standard & Poor's said it would slash the companies' credit ratings to junk level if state action were taken within 48 hours to see to it that they were paid. Moody's Investors Service followed suit.

That got California regulators' attention. Such a move by the leading credit rating institutions would render it impossible for the two utilities to continue borrow money to subsidize their customers' power purchases. Lights would go out all over California.

Davis took the warning so seriously his office on Friday warned health care facilities throughout the state that rolling blackouts would begin at 4:00 p.m. that day.

The California Public Utilities Commission last Thursday admitted that retail electricity prices would have to rise and issued an interim order to that effect, saying it would hold hearings this week and decide January 4 how much of a price increase the utilities should be allowed.

That action was sufficient to stay the hand of the executioner, and the credit raters allowed the state to enjoy the weekend bathed in incandescent light. They will likely make no decision as to the credit worthiness of PG&E and SoCal Edison until the PUC issues its rate decision next week.

Davis is scheduled to meet today with President Clinton to discuss California's electricity problems, but he doesn't expect much more than sympathy from the White House. Davis said the problem was California's and the state would have to consume less electricity now and build more power plants to meet demand for the long term.

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