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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

E·on to Bid $13.5 Billion for Powergen Today

LCG, April 9, 2001Eon, Germany's second-largest utility, this morning said it would offer 5.1 billion ($7.2 billion U.S.) for British utility Powergen. Assumption of almost 4.5 billion in debt pushes the enterprise value placed on Powergen to 9.6 billion ($13.5 billion).

The price, 7.65 per Powergen share, represents an 8.4 premium over the British company's closing price on Friday, but is a 26 percent premium over the share price on January 16, the date Powergen announced it was engaged in negotiations with Eon.

Powergen's acquisition of U.S. utility LG&E Energy last year, the reason for much of its debt, is also in part the reason for Eon's interest. "Our goal is to achieve a leading position in the U.S.," an Eon official said.

The deal is subject to approvals from regulators in the U.S. and Europe. Eon hopes to close the transaction next spring, but left itself free to walk away from the acquisition if clearances are not received by July 2002.

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