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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

Former Avista Trader Fined

LCG, Sep. 13, 2002--A fine of $155,000 was levied on former Avista electricity trader Robert Kristufek as part of a settlement with the Commodity Futures Trading Commission yesterday.

An investigation into market manipulation of settlement prices at Palo Verde and the California-Oregon Border led to the settlement, in which Kristufek did not indicate whether or not the charges against him were justified. The CFTC stated that Avista Energy Inc. "had entered into cash-settled over-the-counter option contracts whose value was based on the daily settlement prices of the electricity futures contracts at issue," prior to alleged wrongdoing by Kristufek. According to the agency, Kristufek "manipulated those settlement prices in order to increase Avista Energy's net gain on its option contracts."

The contracts in question traded on four days in the spring and summer of 1998, on the New York Mercantile Exchange. Related charges were settled last year against former Avista Vice President Thomas Johns and another former trader Michael Griswold. Kristufek has not been with Avista for four years, according to the company.
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