# Orlando Utilities Commission Nuclear Decommissioning Trust

Orlando Utilities Commission Nuclear Decommissioning Trust is a Trust / Investment Trust based in Orlando, United States.

## Overview

- **Organization type:** Trust / Investment Trust
- **Headquarters:** Orlando, United States
- **Region:** North America
- **Address:** Orlando, FL, United States
- **Founded:** 1923
- **Assets under management:** Undisclosed
- **Website:** www.ouc.com
- **LinkedIn:** https://www.linkedin.com/company/ouc

## Regulatory record

- **Reports private funds:** No

## About

OUC—The Reliable One provides water and energy services to Central Florida. Log in to pay bills and explore energy and water-saving programs.

## Sectors

- Infrastructure
- Energy Transition & Renewables

## People

- Larry Mills — President of the OUC Board and Trustee
- Britta Gross — Immediate Past President and Trustee
- Buddy H. Dyer — Mayor of Orlando and Ex-officio Board Member/Trustee

## Questions

### What is the purpose of this trust?

The trust exists solely to fund Orlando Utilities Commission's share of radiological decommissioning for St. Lucie Unit 2 on Hutchinson Island. NRC rules require licensees to demonstrate reasonable assurance of funding. The trust isolates and accumulates the required assets under qualified trust provisions.

### How does OUC's trust differ from other nuclear decommissioning trusts?

OUC's is tied to a minority ownership interest — 5.95% of St. Lucie Unit 2 — alongside majority owner Florida Power & Light and co-investor Florida Municipal Power Agency. Unlike single-owner utility trusts that pool decommissioning funds internally, OUC's trust reflects a joint-ownership structure where the NRC-administered minimum funding target is proportional to its percentage stake.

### Who governs the trust?

OUC's board members serve as trustees: Larry Mills, president; Britta Gross, immediate past president; and Buddy H. Dyer, mayor of Orlando and ex officio board member. Investment direction flows from the board, with operational execution handled through The Energy Authority.

### What assets does the trust hold?

The trust holds OUC's undivided interest in the St. Lucie Unit 2 facility as the underlying asset driving the liability, but the financial portfolio itself is restricted to NRC-permitted, high-quality instruments such as investment-grade fixed income. The precise asset mix is not publicly disclosed as a standalone portfolio.

### Does the trust accept external investors or co-invest?

No. The trust is a single-purpose, single-source funding vehicle for OUC's decommissioning obligation only. It does not seek outside commitments, co-investors, or participate in fund structures alongside external GPs.

## Related profiles

- [Orlando Opportunity Fund](https://altss.com/profile/orlando-opportunity-fund)
- [Orla Ventures](https://altss.com/profile/orla-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

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