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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

FERC Raises Western Price Cap

LCG, July 12, 2002--Yesterday the Federal Energy Regulatory Commission raised the maximum price for wholesale electricity by 65 percent.

Citing the risk of supply disruptions, FERC has increased the price cap in the West from $55.26 per megawatt hour to $91.87.

FERC is concerned that the $55.26 price cap will leave power generators unable to sell electricity at a price that complies with the production cost. FERC contends that the increased cap is in the consumers' interest and will result in reduced risk of summer blackouts.

The California Independent System Operator limited the price cap on Tuesday to $55.26 using complex analysis related to peak prices during shortages. On Wednesday, a stage 2 emergency was called in California, as unusually hot weather reduced energy reserves to less than 5 percent. FERC increased the cap yesterday to return it to the $91.87 level amid fears that the low cap would discourage companies from selling electricity to California.

In any case, the specific amount allotted price caps has limited significance, since FERC insists that the Western price cap will expire September 30.

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