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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

Profits of Enron Gas Subsidiary Ordered Refunded

LCG, July 18, 2002--The Federal Energy Regulatory Commission (FERC) yesterday ordered Transwestern Pipeline Co. to refund profits made on two gas supply deals in early 2001.

The company, which is a subsidiary of Enron Corp., sold gas to Richardson Products Co. and Sempra Energy Trading Corp., after the companies were notified in advance that capacity on Transwestern pipelines would be auctioned in February and March of 2001. The companies were the only bidders for the capacity. Rather than paying regulated rates, the companies signed deals at prices many times above such rates.

The FERC found that the deals violated rules concerning arms-length transactions. In some cases, negotiated deals are allowed, but Pat Wood said of the circumstances under which the deals were made, "There was no incentive to keep prices down....They could pass it on to an energy-starved electric market." Early 2001 marked California's energy crisis, in which an apparent shortage of supply and poor market design led to ever-higher wholesale power prices.

Transwestern will be given 30 days to pay refunds to the companies. One transaction allowed Transwestern a payment of $232,200 in a day, rather than $3,800, the amount which FERC found would have been justified.
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