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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

Nevada Power Allowed One-Month Rate Increase

LCG, May 24, 2002--The Nevada Power Co. will be allowed a one-month charge of one cent per kilowatt-hour in order to speed payments on power purchases and improve its cash flow heading into the summer.

The charge, which will increase bills for residential customers by $12 on average, was advocated by the chairman of the state Public Utilities Commission, Don Soderberg. Soderberg said that the charge, which will not increase the company's revenue, will reduce future interest payments for power purchases by $2.5 million.

Bond and credit ratings for Nevada Power have suffered after the rejection of a $922 million rate case, with half of that rate increase being approved. Critics of the utility had said that long-term purchases made in 2001 during the Western power crisis were contracted at too high a price.

Soderberg deflected criticism from state consumer advocate Tim Hay, who said the Bureau of Consumer Protection was "surprised by what appears to be an arbitrary decision by the commission" to speed payments on outstanding power bills. The PUC chairman said that although the charge was meant to give the utility a "shot in the arm" to avoid possible Chapter 11 bankruptcy, he would not consider a similar charge for the late summer months of July and August, when consumer bills will be high due to increased power usage for air conditioning.
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