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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

FERC Okays $25 Billion Worth of Utility Deals

LCG, July 27, 2000--The Federal Energy Regulatory Commission, stepping up the pace of its utility merger reviews, yesterday approved three combinations with a total value of about $25 billion and postponed voting on a fourth that would have added over $2 billion more.

In the biggest merger, FERC approved the acquisition by El Paso Energy Inc. of Coastal Corp., a transaction valued at $17.6 billion. El Paso already operated the largest interstate natural gas pipeline system in the U.S., and the merger will add another 60,000 miles.

The deal will also create the third-largest company in U.S. natural gas production and a major player in the global electric generation sector with 15,000 megawatts in capacity. The companies expect to close the transaction in the fourth quarter this year.

FERC also approved the once-hostile takeover of Columbia Energy Group by Nisource Inc., the Indiana utility holding company known chiefly as owner of Northern Indiana Public Service Co. The $6 billion deal will make Nisource the largest natural gas company east of the Rockies and give it control of the largest underground gas storage facility in the U.S.

In approving the merger, FERC said it relied on the assurance by Nisource that Northern Indiana Public Service would join an agency-approved regional transmission organization within a year after the closing of the transaction. Nisource said it expected the deal to close by the end of the year.

In a third action, FERC gave conditional approval to the acquisition by UtiliCorp United Inc. of St. Joseph Light & Power Co. and Empire District Electric Co. The agency said the mergers could go ahead provided that UtiliCorp submit a revised analysis of the competitive effects of the mergers six months prior to their closing. That would rule out a closing of the transactions this year.

FERC postponed voting on a plan by Sierra Pacific Resources to acquire Portland General Electric Co. from Enron Corp. in a transaction valued at $2.1 billion. The agency said it wanted more information on the competitive aspects of the combination, which would create an electric utility serving more than 1.7 million customers in Nevada, California and Oregon.

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