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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

California Treasurer Hits Road to Peddle Bonds

LCG, Aug. 3, 2001California state Treasurer Philip Angelides was in Manhattan yesterday, drumming up interest on Wall Street for $12.5 billion in state bonds intended to replenish a bank account drained nearly dry by electricity purchases.

Angelides presented his sales pitch to more than 150 money managers in New York, while another 100 or so listened in by telephone. He was offering the largest municipal bond issue ever, and the going wasn't easy.

"This is a hard row to hoe," Angelides told reporters following his presentation. "We've still got a lot of work to do."

Among the things to do is providing underwriters with assurances that the state will be able to service the debt something that should not pose a problem for the world's fifth-largest economy. But lenders always seem to want to know what the money will be used for.

The state intends that revenue from the bond sale be used to repay the California Department of Water Resources for purchasing power on behalf of the state's two largest utilities, Pacific Gas & Electric Co. and Southern California Edison Co.

But the companies believe that they should be compensated for purchasing power at high wholesale rates and selling it at low rates mandated by the state's failed electric deregulation law.

PG&E told the California Public Utilities Commission on Wednesday that it will go to court opposing any rate plan that places the water agency at the front of the line for ratepayer revenue.

Angelides said yesterday it "would be tragic" if either of the utilities filed suit to prevent the CPUC from directing that the Department of Water Resources from getting the bond proceeds. "PG&E and Edison could really delay things with a lawsuit," he said. "It would be the wrong thing to do, morally and ethically."

PG&E spokesman John Nelson said such a lawsuit by the utility would be neither immoral nor unethical.

Whatever the outcome of PG&E's threat, Angelides said the water agency would get the money it needs, even if rates have to be raised. "The bottom line is that the (Department of Water Resources) will get what it needs," he said. "If the utilities need additional funds, that's a determination for the CPUC to make."

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