An analysis of the nuclear decommissioning trusts of listed utilities — based on SEC annual report filings — revealed another year of asset gains. Assets increased 13.1% to $39.4 billion for the 10 companies with the most in NDT assets. Actual allocations were mostly unchanged among the 10, with the average allocation to equities increasing slightly to 53% from 51.3%. The average fixed-income allocation was 43.2% vs. 43.5% in 2012. Other assets dropped to 3.8% from 5.2%.
FirstEnergy, whose $2.2 billion portfolio is 77% fixed income, was the only company whose assets declined. Xcel Energy's significant shift in asset allocation — other decreased to 9.4% from 21.4%, equity increased to 57.4% from 49.7%, and fixed income increased to 33.2% from 28.9% — was driven by a reduction in cash.