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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

Duke Proposes Settlement with Carolinas Over Regulated Profits

LCG, Oct. 25, 2002--Profits earned by Duke Energy Corp. through its regulated operations were understated to regulators by $123.6 million from 1998 through 2000, according to a report by auditor Grant Thornton LLP.

According to the auditor, Duke represented its rate of return to the North Carolina Utilities Commission and the South Carolina Public Service Commission (PSC) as lower than that it reported in financial statements to the investment community or the Securities and Exchange Commission. The report, for which information was sought beginning in January, found that accounting entries which lowered pretax operating income were "contrary to applicable accounting practices, industry practices and Duke's past practices."

Duke has said that Grant Thornton's analysis of accounting adjustments and changes "inappropriately characterizes the business process followed, the accounting decisions made and the intent of our employees." It has said that even if accounting entires cited in the report are taken into consideration, the company's rate of return was not far different from that allowed by North Carolina.

Duke has proposed a settlement with the public utility commissions of North Carolina and South Carolina, including a $19 million charge for the fourth quarter. The proposal will be considered early next week by the two state commissions.
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