New York Power Authority Uses Decision Analysis to Schedule Refueling of Its Indian Point 3 Nuclear Power Plant

Dennis J. Dunning, Steve Lockfort, Quentin E. Ross, Phillip C. Beccue and Jeffrey S. Stonebraker
Additional contact information
Dennis J. Dunning: New York Power Authority, 123 Main Street, White Plains, New York 10601
Steve Lockfort: New York Power Authority
Quentin E. Ross: New York Power Authority
Phillip C. Beccue: Amgen Inc., One Amgen Center Drive, Thousand Oaks, California 91320-1789
Jeffrey S. Stonebraker: Bayer Corporation, 4101 Research Commons, 79 T.W. Alexander Drive, Research Triangle Park, North Carolina 27709-3387

Interfaces, 2001, vol. 31, issue 5, 121-135

Abstract: The New York Power Authority (NYPA) wanted to develop a 10-year schedule for refueling its Indian Point 3 Nuclear Power Plant (IP3) that balanced fish protection, which occurs when IP3 is shut down for refueling, and the costs of buying and loading fuel. We developed a decision analysis model to compare alternative strategies for refueling. It explicitly considered key uncertainties associated with future operation: how well IP3 operates, how long it takes to refuel, and when New York State is likely to deregulate the electric utility industry. The NYPA decision makers used the model to reinforce their choice of a refueling strategy. They were not surprised that more fish protection occurred with strategies that restricted the starting date for refueling to the third week in May, rather than allowing the starting date to float throughout the period from May through August. However, the decision makers were surprised that the more restrictive strategies also resulted in lower costs.

Keywords: DECISION ANALYSIS—APPLICATIONS; INDUSTRIES—ELECTRIC ENVIRONMENT (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (4)

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