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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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DOE Closes $1.9 Billion Loan to Restart Duane Arnold Nuclear Plant in Iowa

LCG, September 9, 2026--The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) yesterday announced the financial close of a loan of up to $1.9 billion to NextEra Energy to support the finance of the restart of Iowa's only nuclear power plant, the Duane Arnold Energy Center. EDF has now financed three, carbon-free nuclear plant restarts and completed four concurrent conditional commitments and financial closings under the current Administration. This latest investment, along with the others, advance the Administration's energy dominance agenda and Executive Order, Reinvigorating the Nuclear Industrial Base.

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Industry News

Dominion's Capps Urges Spent Nuke Fuel Site Completion

LCG, March 28, 2001Thomas E. Capps, chief executive of Dominion Resources Inc., said yesterday that the U.S. Department of Energy should move forward with building a permanent repository for spent fuel from the nation's nuclear power plants.

Speaking at a meeting of business economists, Capps said "The federal repository was supposed to be up and running more than three years ago. To date, the government has spent $6.8 billion and no repository is in sight."

The Energy Department has been studying the problem for 19 years and was to have begun accepting spent nuclear fuel for permanent storage in January of 1998 under a law which was enacted in 1982 and has at least twice been supported by court decisions.

Payment for the storage site, including the billions already spent on research, is funded by a surcharge on the electric bills paid by customers of utilities that own nuclear power plants. The DOE now says it could have the storage site at Yucca Mountain in Nevada ready to accept the spent fuel in 2010.

Currently, spent fuel from the nation's 104 reactors is stored on the power plant sites, and the companies are choking on the stuff. Dominion, which recently agreed to acquire the three-reactor Millstone nuclear complex from Northeast Utilities has more than most.

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