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NESC0340 POWERCO

POWERCO, Nuclear Power Plant Electricity Cost and Economics

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1. NAME OR DESIGNATION OF PROGRAM:  POWERCO
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2. COMPUTERS
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Program name Package id Status Status date
POWERCO NESC0340/01 Tested 07-OCT-1982

Machines used:

Package ID Orig. computer Test computer
NESC0340/01 CDC CYBER 174 CDC CYBER 174
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3. DESCRIPTION OF PROBLEM OR FUNCTION

POWERCO calculates the cost of  electricity produced by nuclear power stations, assuming all cash expenses such as investment and fuel costs, operating expenses, and  taxes are known. The power cost is held constant throughout the project life.
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4. METHOD OF SOLUTION

The cost calculation is based on the requirement that income received must provide for recovery of investment, return on investment, and all operating expenses. Equations are developed to calculate true fixed charge rates and true average fuel working capital.
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5. RESTRICTIONS ON THE COMPLEXITY OF THE PROBLEM:  Maximum of -, 180 time periods
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6. TYPICAL RUNNING TIME

About 1 minute per problem is required.
NEA-DB executed the test case on CDC CYBER 174 in 3 CP seconds.
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7. UNUSUAL FEATURES OF THE PROGRAM

POWERCO uses a present-worthed cash flow procedure. Fixed charge rates and fuel working capital are not required. Income taxes are calculated internally.
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8. RELATED AND AUXILIARY PROGRAMS

The original CDC1604A version of POWERCO was prepared by Royes Salmon, Oak Ridge National Laboratory, Oak Ridge, Tennessee.
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9. STATUS
Package ID Status date Status
NESC0340/01 07-OCT-1982 Tested at NEADB
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10. REFERENCE

Royes  Salmon,   A  Procedure  and  a   Computer  Code
(POWERCO)  for Calculating  the Cost  of  Electricity Produced  by
Nuclear Power Stations, ORNL-3944, June 1966.
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11. MACHINE REQUIREMENTS:
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12. PROGRAMMING LANGUAGE(S) USED
Package ID Computer language
NESC0340/01 FORTRAN-IV
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13. OPERATING SYSTEM UNDER WHICH PROGRAM IS EXECUTED:
SCOPE 3.3 (CDC 7600); NOS 1.4-531 (CDC CYBER 174).
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14. OTHER PROGRAMMING OR OPERATING INFORMATION OR RESTRICTIONS:
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15. NAME AND ESTABLISHMENT OF AUTHOR

                 Frank D. Tyson
                 Technical Computer Services
                 United Engineers and Constructors, Inc.
                 1404 Arch Street
                 Philadelphia, Pennsylvania  19105
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16. MATERIAL AVAILABLE
NESC0340/01
File name File description Records
NESC0340_01.003 POWERCO INFORMATION FILE 17
NESC0340_01.004 POWERCO JCL FOR TEST CASE 6
NESC0340_01.005 POWERCO SOURCE (FORTRAN-4) 442
NESC0340_01.006 POWERCO INPUT FOR TEST CASE 36
NESC0340_01.007 POWERCO OUTPUT OF TEST CASE 236
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17. CATEGORIES
  • D. Depletion, Fuel Management, Cost Analysis, and Power Plant Economics

Keywords: cost, economics, investment, nuclear power plants, present worth method.