Download

Full Document

FormatFile SizeNotes
PDF file 3 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.

Purchase

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback96 pages $25.00 $20.00 20% Web Discount

In this statistical analysis, the author analyzes the capital costs of 39 light water reactor power plants and provides a methodology for estimating these costs. Cost data are adjusted to constant dollars and then multivariate regression analyses are performed on three independent variables: time required to obtain a construction permit; construction time; and capital cost. Principal findings are: (1) Capital costs increased about $140 per kWe per year when corrected for the effect of other variables. (2) Plants built in the Northeastern United States cost about $130 per kWe more than those built elsewhere. (3) Cooling towers add about $90 per kWe to plant cost. (4) A strong cost-learning effect reduced costs to about 90 percent for each doubling of the number of plants built. (5) Costs decreased about $0.22 per kWe for each 1 mWe increase in plant size. Both the time required to obtain a construction permit and the construction time probably affect costs less than is popularly believed. Application of the study results to an assessment of the capital costs of new energy technologies is also discussed.

This report is part of the RAND Corporation report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.