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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

State Hearings Set for Virginia Power Restructuring

LCG, Feb. 23, 2001The Virginia State Corporation Commission will begin hearings in October on a restructuring plan by Virginia Electric & Power Co. aimed at getting the company ready for a competitive electric generation market, Virginia Power said yesterday in a news release.

The 1999 Virginia Electric Utility Restructuring Act requires electric utilities to "functionally" separate their business functions so that generation can operate in a competitive market while transmission and distribution of electricity remain regulated. The law does not require a utility to sell off or transfer its power plants.

Virginia Power, a subsidiary of Dominion Resources Inc., wants to transfer $6.7 billion in generation assets to a new sister company, Dominion Generation Corp. Those assets presumably include the company's 1,900 megawatt, two-unit North Anna nuclear power plant north of Richmond and its 1,650 megawatt, two-unit Surry nuke near Newport News.

Virginia Power would not, however, transfer some $3.8 billion in long-term debt to Dominion Generation. If all or part of the debt consists of the unpaid portion of bonds issued to build the power plants, Virginia regulators may take a closer look at the restructuring plan.

The Corporation Commission will have to complete its hearing and issue an approval by the end of the year because under the restructuring law Virginians are slated to begin having the opportunity to choose their sources of electricity by next January 1. All customers of all classes will have the ability to choose by 2004.

Under the state law, Virginia Power will become distribution company only, and purchase power in the wholesale market for delivery to its retail customers. In practice, the utility would get all of its power from Dominion Generation.

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