Moisture is one of the most harmful agents for transformer solid insulation. The catalyzing effect of moisture on the degradation process of paper and pressboard has been studied by several authors, who developed models which they used to estimate how the aging process would be accelerated in the presence of water [1]–[5]. In [2] and [3] Lelekakis et al. reported the results of an experimental study in which samples with different moisture contents were aged in the presence of mineral oil (MO). In [3] an equation to determine the reduction of service lifetime of insulation subjected to increased temperature and with increased moisture content is proposed.