Integrated living schedule for nuclear plants

This paper addresses the change process, including decision making and a credible prioritization methodology. It is intended to result in an integrated plan being jointly accepted and defensible by the utility and the Nuclear Regulatory Commission (NRC). The program described has several advantages: the methodology is consistent with and defensible to NRC criteria; safety and economic factors are placed on a common basis for balancing; the use of valuation factors permits the utility to introduce judgements concerning the importance of any particular benefit; alternative value judgments can easily be examined; explicit indications of the level of confidence in investment outcome is provided; and a definitive framework for establishing and reviewing decision criteria and application is provided