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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 Assembly Passes 'Brokerage' Legislation

LCG, Jan. 17, 2001The lower house of the California legislature yesterday evening passed legislation that would allow a state agency to purchase electric power and resell it to the state's beleaguered electric utilities at cost.

Under the measure passed 60 to 5 in the Assembly, the state Department of Water Resources would be allowed to enter into long-term contracts to buy wholesale power for not more than 5.5 cents per kilowatt-hour.

The bill is fatally flawed in that power producers will not sell power to anyone, including the state, for 5.5 cents per kilowatt-hour. Because of extremely high natural gas prices, it is doubtful that power can be generated in California for that cost. The power producers have said they need between 7 cents and 8 cents per kilowatt-hour no matter who signs a long-term contract.

Stacey Jernigan, a bankruptcy lawyer who has been advising Assembly leaders, said she was hopeful that the length of the contracts and the high volumes of power would make it possible to get the lower rate the bill would require. "It just depends on who you contact," she said.

Depending on whom you contact may not have anything to do with it if natural gas prices do not drop abruptly and significantly. Yesterday in Southern California, some power plants were forced to switch to burning fuel oil because of high gas prices. The switch worsened another California power problem, that of insufficient generating resources, as the plants produce less power when using the alternate fuel.

The Assembly bill moves to the state Senate today where realism may be applied to the price limit. If passed and reconciled with the Assembly, it will then go to Gov. Gray Davis for his signature. His pen is ready.

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