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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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PG&E Awarded First Civil Nuclear Credit from DOE to Support Diablo Canyon Nuclear Power Plant

LCG, August 14, 2026--The U.S. Department of Energy (DOE) announced today that it has awarded Pacific Gas and Electric (PG&E) $271 million to help support the extended operations of the company's nuclear power facility, Diablo Canyon Power Plant, which is located near Avila Beach, California. The federal Civil Nuclear Credit Program (CNCP) funding will allow the 2,240-MW nuclear facility, which supplies nearly ten percent of the electricity consumed by the state's population, to continue to safely generate secure, carbon-free, baseload power to customers. The U.S. Nuclear Regulatory Commission (NRC) approved 20-year license extensions on Diablo Canyon’s two reactors last April.

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Industry News

Water Authority Agrees on Buyout Offer for Nevada Power

LCG, July 19, 2002--A meeting of the Southern Nevada Water Authority board resulted yesterday in a unanimous vote to tender an offer for Nevada Power Co., under the holding company Sierra Pacific Resources.

The water authority is affiliated with the Las Vegas Valley Water District, and provides municipal governments with water. It has been in discussions with Morgan Stanley, the investment bank, concerning underwriting of a buyout. The organization's general manager, Pat Mulroy, drew attention to Long Island, N.Y., which undertook a buyout of an investor-owned utility, resulting in the Long Island Power Authority.

According to Mulroy, the risk to ratepayers if Nevada Power is not bought out is in the form of higher rates, as the power company tries to improve its credit rating and overcome a poor cash situation. She said that with a buyout, rates would not have to rise.

The mayor of Las Vegas, Oscar Goodman, raised the issue of a loss of property taxes and franchise fees, now at about $26 million. Lyle Miller, managing director of Morgan Stanley, responded that under such situations, a utility often makes payments in lieu of taxes. A North Las Vegas City Council member, Shari Buck, described herself as a "cautious supporter" of the possibility being raised, and said her interactions with Nevada Power have been "very very positive."
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