By: Lisa Quilici, Senior Vice President, and Daniel Dane, Senior Vice President

U.S. nuclear plant licensees are required to provide financial assurance for Nuclear Regulatory Commission (NRC) Radiological Decommissioning while a facility is operating.  Nuclear Decommissioning Trusts (NDTs), which for an investor-owned utility are funded through rates and invested for future decommissioning, are the most common method of satisfying this requirement.  NDTs have very long investment horizons, and trust managers generally employ a portfolio approach to investing these funds. Given the long-term holding period of NDTs, Qualified Opportunity Fund investments offer NDT managers an investment vehicle with potential tax advantages.  Given the potential for increases in taxes, these advantages are particularly compelling for investors able to benefit from them in 2020.

Concentric is honored to have sponsored this year’s Abby’s House Virtual 5k fundraiser, held over October 1–17, 2020. Thanks to our fellow sponsors, donors, auction bidders, and 5k participants, Abby’s House raised over $44,000 to support their continued mission of providing housing and advocacy to women and children.

We are very proud of the Team Concentric members who achieved leaderboard status:

• Finishing first in the Men’s Age 60-69 class was Dave Heintz, a Vice President in Concentric’s Marlborough office
• Finishing first in the Women’s Age 50-59 class was Tess Arsenault, a Project Assistant in Concentric’s Calgary office
• Finishing first in the Women’s Age 18-29 class was Senior Vice President Lisa Quilici’s daughter Briana Mendelsohn

Congratulations to those who made the leaderboard and to all who participated in the 5k!

To view a message from Abby’s House, learn more about the organization, and see the impact that the 5k fundraiser will have in the year ahead, please watch the recorded 5k program here.