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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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Constellation Files License Renewal Applications with the NRC for Two New York Units

LCG, June 29, 2026--Constellation announced on June 26 that it has filed license renewal applications with the Nuclear Regulatory Commission (NRC) to extend for 20 years the operations of Ginna Clean Energy Center and Nine Mile Point Unit 1 reactors in upstate New York to 2049. Constellation stated that it's decision to invest in these plants to extend their safe and reliable operations into mid-century demonstrates that New York State's renewal of its Zero Emissions Credit (ZEC) program is working as intended. Furthermore, Constellation stated that maintaining its nuclear fleet is estimated to save New Yorkers $50 billion and sustain reliable emissions-free generation resources to serve increasing electricity demands.

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Industry News

PG&E Audit Says Utility Wasn't Paying Attention

A state-ordered audit of Pacific Gas & Electric Co. released yesterday evening confirmed that the utility had rolled up losses of $5.2 billion selling high-priced electricity at frozen low retail rates, but said the company failed to heed months of warning that trouble was coming.

The independent audit, ordered by the California Public Utilities Commission, said the company failed to take steps that could have husbanded its cash against impending insolvency. The report noted, for example, that PG&E paid $632 million in dividends last year, even as its cash reserves were wasting away.

The company could have taken other steps, in addition to cutting or eliminating its dividend, the audit said. "Deferment of reduction of employee or management compensation represents one of the most immediate ways to achieve savings," the report said.

The auditors concluded that PG&E did not realize, until is was facing insolvency, that power producers would quit selling electricity on credit.

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