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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

Avista Asks Washington, Idaho Electric Surcharge

LCG, July 19, 2001Avista Corp. said yesterday that it will ask regulators in Idaho and Washington to approve an energy surcharge to offset the costs of a severe shortage of hydroelectric generation and volatile wholesale market prices for electricity.

The proposed surcharge would be applied as a uniform percentage increase to the rates for all customer classes in each state. The company's Washington customers would pay a surcharge of 36.9 percent on top of their existing rates, and Idaho customers would get bitten for 14.7 percent.

The surcharge in each state would begin on September 15 and continue until the end of 2003, but if conditions allow, the surcharge could be removed sooner, the company said.

Gary Ely, Avista Corp. chief executive, said the need for a surcharge has arisen through a combination of volatile electricity prices, changing market conditions and a continued deterioration in availability of hydroelectric generation, which has weakened the financial condition of the company.

"Improving the company's cash flow is critical to being able to complete financing plans and to meetvarious debt covenants," Ely said. "Without the surcharges in each state, the company will not be in aposition to access capital at reasonable costs."

Ely said the company has been unable to arrange continuing financing for completion of a badly needed power project currently under construction. "Lenders have growing concerns about the projected deferral balances and the absence of some form of mechanism to currently recover the deferred costs on a current basis," he said.

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