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An assessment of twelve-versus eighteen-month cycles for PWRs

This paper discusses the technical and economic factors involved in 18-month cycles for Zion pressurized water reactors (PWRs). The technical factors are divided into the factors that define input to the economic analysis and factors that are combined with the economic results in the final decisionmaking process. The economic analysis was performed by using a Present Value of the Revenue Requirements (PVRR) method and a complementary cash flow examination. The PVRR analysis examined total costs associated with both the 12- and 18-month cycles. The only significant technical problem that was identified was the relatively low new fuel enrichment limit of 3.2 w/o U/sup 235/. The economic analysis demonstrated that 18-month cycles yielded significant PVRR savings over the 15-year study period. The economic benefits of 18-month cycles decreased as the fuel cost increased, the operating capacity factor decreased, the refueling outage length decreased, the differential 18-month cycle outage length increased, the replacement power cost decreased, and the escalation rate decreased.