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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 10 Percent Electric Rate Hike

LCG, Dec. 4, 2001--Avista Corp. said yesterday it has asked Washington state regulators to approve a 10 percent increase in its electric rates which would go into effect next March 15.

Even with the increase, Avista's residential rates would be 5.872 cents per kilowatt-hour, which the utility claims are among the lowest in the region and well below the national average of 6.8 cents.

Avista said the 10 percent hike would be a uniform increase for all customer classes and would be for the generation portion of the monthly electric bill only.

Scott Morris, president of Avista utilities, said his company "must improve its current financial situation. We have worked diligently to demonstrate to regulators the prudence of our wholesale power costs and have made dramatic reductions in costs in order to shore up the financial stability of the company. It is only after exhaustive efforts that we request further rate relief."

Avista first found itself in uncertain financial waters in the spring of last year. On May 4, 2000, the company sold its 175 megawatt interest in the Centralia, Wash., coal-fired power plant without making arrangements for replacement power. At the same time, the California energy crisis was at its worst and sent wholesale power prices soaring throughout the West.

Avista has been caught in the middle ever since. In October of this year, the company's credit ratings were slashed to below investment grade. The company has since reduced both capital expenditures and operating expenses in an effort to improve cash flows.

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