Analysis of integrated plant upgrading/life extension programs

A present-worth generating cost model has been developed and used to evaluate the economic value of integrated plant upgrading life extension project in nuclear power plants. This paper shows that integrated plant upgrading programs can be developed in which a mix of near-term availability, power rating, and heat rate improvements can be obtained in combination with life extension. All significant benefits and costs are evaluated from the viewpoint of the utility, as measured in discounted revenue requirement differentials between alternative plans which are equivalent in system generating capacity. The near-term upgrading benefits are shown to enhance the benefit picture substantially. In some cases the net benefit is positive, even if the actual life extension proves to be less than expected