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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

Fudging the Numbers Made Cal Power Auction Look Good

LCG, Jan. 26, 2001When California Gov.Gray Davis announced that the average bid received by the state's Water Resources Department for electric power contracts was 6.9 cents per kilowatt-hour, he took the surprisingly low price as a sign that "we are on the right track."

It now turns out that 6.9 cents was not the average price, but what the governor's office calls a "weighted average." With only a little more candor, it might be termed a "lightened average." Yesterday, the governor's office said the $69 per megawatt-hour "average" didn't take into account power that would be delivered during periods when it was needed most.

Periods of peak demand represent a lot of the waking hours in California, and anywhere else. The 6.9 cent figure did not include power that would be delivered between noon and 8:00 p.m. in the summer and between 5:00 p.m. and 9:00 p.m. in the winter.

A spokesman in the governor's office insisted there was no attempt to mislead anyone. "We're not throwing out those other bids," he said, "it's just that they're not letting that stuff out."

They had better let that stuff back in. California is expected to be even shorter on power this coming summer than it was last year. So far this winter, there have been two feeble storms in the state, and the reservoirs behind 14,000 megawatts of hydroelectric capacity are pretty empty.

The "weighted average" may have allowed the governor's office to paint a rosy picture, but it was only rosy for a day.

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