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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

Rates for BC Hydro Customers May Rise

LCG, Feb. 21, 2002--A combination of below-normal generation resources, increased costs and dwindling accumulated revenue may force an electric power rate increase for BC Hydro.

The utility's most recent "dividend" paid to the provincial government was supported by nearly C$200 million ($126 million US) from the Rate Stabilization Account, a contingency fund that was also used to pay customers a dividend last year. BC Hydro's annual profit in 2001 was approximately C$200 million, significantly under the previous year's profit, which exceeded C$564 million ($355 million US) from the second through the fourth quarters.

The provincial government's budget for the next three years allows for an annual 9.7 percent decrease in dividend payments from the utility, much less than the decline in BC Hydro's profits. The utility paid C$937 million ($589 million US) more for power supplies over the period April through December 2001 than it had during the same period the previous year, largely due to depleted water levels in reservoirs.

A rate freeze was enacted by Premier Gordon Campbell's government in August of last year, and is set to last through March 31, 2003. Dick Gathercole of the B.C. Public Interest Advocacy Centre noted that the government does not have to stick to the freeze until that time. "Once Hydro sees that it's not going to be able to meet its payment without a rate increase, that's when you'll see the rate freeze lifted," Gathercole said.
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