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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

Cinergy Board Approves Poison Pill

LCG, July 28, 2000--Cinergy Corp. said yesterday that its directors had adopted a poison pill giving shareholders the right to purchase additional shares 10 days after acquisition by an investor of 10 percent or more of Cinergys common stock or the announcement of a tender offer or exchange offer which would have that result.

The "shareholder rights" plan, as poison pills are called, would impose economic penalties on a hostile acquirer of Cinergy shares.

Cinergy said the rights plan was not adopted in response to any effort to acquire control of the company, noting that more than 2,000 companies have rights plans, including a majority of the Fortune 500 and more than 40 utility companies.

Under Cinergys plan, shareholders will receive one right for each share of stock they own, distributed as a dividend. Each right will entitle the holder to purchase one share of Cinergy common stock at $100 when circumstances trigger the poison pill.

Cinergy common stock was trading on the New York Stock Exchange at 26 at noon today.

The shareholder rights plan would take effect following approval by the Securities and Exchange Commission.

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