[en] In this study, the cost of producing power was modelled for a utility with specified financial and production parameters. Two reference cases were considered: in one, it was assumed that the utility would build 400-megawatt nuclear units as necessary to meet its growth in load; in the second, that it would meet its load growth by building 1200-MW units. The smaller plants were assumed to cost 12 percent more per kilowatt than the larger units. The object was to see if the lower financing costs of the 400-megawatt units were enough to overcome the larger plants' economies of scale. In addition to the reference cases, the sensitivity of the cost measurement to changes in various parameters was modelled. The parameters tested included interest rates, fuel mix, cost differential between the 400-megawatt and 1200-megawatt plants, and the rate of growth in load. The results of these cases indicate strongly that small nuclear power plants could have a market