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Minnesota Nuclear Decommissioning Escrow Agreement

The escrow account holds monies for decommissioning that are accessible prior to or during the decommissioning process

Now that the operating lives of the Monticello and Prairie Island nuclear generating plants have been extended another 20 years, changes to the Custody and Escrow Agreement are necessary to allow a more robust investment structure in order to increase the earnings potential over the extended periods.  The escrow funds are supplemental to the dedicated decommissioning funds and are available to be returned to ratepayers if warranted.  Changes are necessary to achieve the returns assumed in the concurrently filed 2012 Triennial Nuclear Decommissioning filing.

Filing Documents

Escrow Agreement (PDF)

Contact

For a hard copy, email Cynthia Harrington.

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