Benefit-cost analysis in the Point Lepreau refurbishment planning process

As an integral part of its operational philosophy the Canadian nuclear power industry carries out ongoing assessments of nuclear plant operation and maintenance as the plants continue to age and as new operational, analytical or research information is acquired. Particular emphasis is given to issues arising out of such assessments that have potentially significant safety and/or regulatory implications. This paper discusses the Benefit-Cost-Analysis (BCA) as a systematic means to contribute to safety-related decision making. NB Power has therefore undertaken the development of a comprehensive BCA process that could be applied during the early stages of the PLR planning process to assist in providing information that would contribute to making appropriate risk informed decisions regarding changes being considered for the PLR project