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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, Iberdrola Call Off the Wedding

LCG, Feb. 6, 2001Spain's two largest electric companies, Endesa and Iberdrola, yesterday called off their 13.5 billion-euro ($12.6 billion U.S.) merger, citing strict conditions imposed by the Spanish government on Friday.

"The resolution on Friday substantially changed the framework that we had agreed on and forces us to stop pursuing the deal," Iberdrola Chairman Inigo de Oriol told reporters yesterday. "The conditions imposed by the government removed the economic and strategic sense."

Though billed as a merger, the deal would have been an acquisition by Endesa of Iberdrola. Because of fears of market dominance, the Spanish government would have required the companies to divest a significant amount of generating capacity and reduce its market share of distribution.

If the two companies had joined forces, they would have made up about 80 percent of Spain's power market. The government rulings would have limited the new company's share of the generation market to 43 percent and cut its control of distribution to 48 percent.

Cancellation of the deal leaves Iberdrola vulnerable to takeover attempts by other European power firms, according to Iberian energy experts. Matija Gergolet, an analyst at Standard and Poor's Equity Research in London, noted "Iberdrola's management has demonstrated by accepting Endesa's takeover offer that they are up for sale."

Spain has been defensive against takeover of its companies by government-controlled foreign investors but a European Commission decision last week overruled Spain's right to prevent foreign state-owned companies from entering its liberalized markets.

That is seen as an invitation to Electricit de France, Italy's Enel, RWE of Germany and others to make overtures for Iberdrola.

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