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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

Avista Asks Washington, Idaho Electric Surcharge

LCG, July 19, 2001Avista Corp. said yesterday that it will ask regulators in Idaho and Washington to approve an energy surcharge to offset the costs of a severe shortage of hydroelectric generation and volatile wholesale market prices for electricity.

The proposed surcharge would be applied as a uniform percentage increase to the rates for all customer classes in each state. The company's Washington customers would pay a surcharge of 36.9 percent on top of their existing rates, and Idaho customers would get bitten for 14.7 percent.

The surcharge in each state would begin on September 15 and continue until the end of 2003, but if conditions allow, the surcharge could be removed sooner, the company said.

Gary Ely, Avista Corp. chief executive, said the need for a surcharge has arisen through a combination of volatile electricity prices, changing market conditions and a continued deterioration in availability of hydroelectric generation, which has weakened the financial condition of the company.

"Improving the company's cash flow is critical to being able to complete financing plans and to meetvarious debt covenants," Ely said. "Without the surcharges in each state, the company will not be in aposition to access capital at reasonable costs."

Ely said the company has been unable to arrange continuing financing for completion of a badly needed power project currently under construction. "Lenders have growing concerns about the projected deferral balances and the absence of some form of mechanism to currently recover the deferred costs on a current basis," he said.

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