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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

Hyder Reconsiders Spin-off of Power Business

LCG, July 18, 2000--Hyder, the Welsh water and energy utility being pursued by the Japanese investment bank Nomura Securities and WPD, a U.S. venture between PPL Inc. and The Southern Co., said in a statement yesterday that it was reconsidering a separate sale of its electricity business.

The company said that earlier this year it had considered selling the electricity business and transferring its water business to an alternative ownership structure but had backed off because of loan conventions which would have required the company to pay off much of its 1.67 billion ($2.5 billion U.S.) debt at significant premiums.

The company said lenders have since indicated that they would be more flexible so the possibility of the breakup of the company was being reconsidered.

"The board has decided to re-examine this option with a view to offering shareholders greater value than either of the current offers and has appointed Merrill Lynch to work with its other advisors in developing this possibility," the company said in its statement.

Nomura had offered 402 million ($602 million) for the company earlier this year. WPD has since offered 464 million ($695 million) and has received approval from the European Commission.

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