AbstractShortly after the launch of the Van Allen Probes, a new three‐belt configuration of the electron radiation belts was reported. Using data between September 2012 and November 2017, we have identified 30 three‐belt events and found that about 18% of geomagnetic storms result in such configuration. Based on the identified events, we evaluated some characteristics of the remnant (intermediate) belt. We determined the energy range of occurrence and found it peaks at E = 5.2 MeV. We also determined that the magnetopause location and SYM‐H value may play an important role in the outer belt losses that lead to formation and location of the remnant belt. Finally, we calculated the decay rates of the remnant belt for all events and found that their lifetime gets longer as energy increases, ranging from days at E = 1.8 MeV up to months at E = 6.3 MeV suggesting that remnant belts are extremely persistent.