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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

New Jersey Regulators Plan Electricity Auctions

LCG, Nov. 8, 2002--The New Jersey Board of Public Utilities has announced its plan for auctions for power purchases by the state's major energy suppliers, scheduled for February.

Each supply auction will be for a different class of customer, with hourly prices to be paid by large users, commercial and industrial, and a fixed price to be charged to residential and small-business customers. The latter group accounts for 80 percent of energy consumption in the state. Auctions covering 10 and 34 months are being held for the small customers, with the 10-month auction providing for two-thirds of need and the 34-month auction for one third, each period beginning Aug. 1, 2003.

The prices to be paid by residents and small businesses will be based on a combination of the 10- and 34-month auction prices. The Board of Public Utilities believes that while consumer rates will no longer be capped, the process will prevent wholesale price spikes from affecting them. Jeanne Fox, president of the BPU, told The Star-Ledger of Newark, "There was a feeling you needed some long-term contracts as a hedge." A similar auction last year allowed four major utilities to make purchases covering the period through July, 2003.

Overall, rates are likely to rise, as the BPU begins to allow charges for deferred balances, or costs incurred by the utilities but not allowed under the rate cap, such as those for expensive power purchases.
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