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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

Investment Banks Entering into More Energy Trading

LCG, June 3, 2004--Electricity, oil and natural gas are appearing on the balance sheets of an increasing number of New York-based investment banks, as they try to help clients overcome weakened credit ratings as well as profit from volatility in the prices of those commodities.

According to the Wall Street Journal, Citigroup Inc. has added oil specialists to its ranks, while Goldman Sachs Group Inc. and Morgan Stanley have signed contracts that they are backing up with acquisitions of fuels and electricity. They are trading on the commodities, and making markets for industries with large fuel consumption, such as airlines, as well as for speculative traders such as hedge funds.

TXU Corp. has entered into a joint venture with Credit Suisse First Boston, which has a stronger credit rating, to trade natural gas and electric power. Such partnerships may increase in number as investment banks seek to enter businesses different from their traditional roles, and energy companies recover from their aggressive capital outlays to build power plants a few years ago.
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