[en] To provide a reference case on which to base cost estimates of the several fuel cycles to be considered, the facility, equipment, and operating requirements for the fabrication of fuel for current-design pressurized-water reactors were examined. From an analysis of these requirements, the capital and operating costs of a plant with a capacity of two metric tons of heavy metal per day (MTHM/day) were estimated. In a cash flow analysis, the lifetime of the plant was assumed to be 20 y, and the income from the sale of nuclear fuel assemblies over this period was equated to the total capital and operating expenses of the plant, including a specified 15% return on investment. In this way a levelized unit price for the fuel was obtained. The effects of inflation were not considered since the purpose of these estimates and the determination of unit price was to permit comparison of different types of fuels. The capital costs of the fuel fabrication plant were estimated at $32 million for the facility--land, site preparation, building--and $34 million for equipment. Annual operating costs including labor, management, materials, and utilities were estimated to be $36.5 million. From these estimates, the unit price for fabricating the fuel for the reference pressurized-water reactor was determined to be $138/kg of heavy metal or $63,600 per fuel assembly