Capital budgeting at Kansas City Power & Light Company. Final report
- Decision Focus, Inc., Mountain View, CA (United States)
Not only do traditional approaches to budget allocation take an inordinate amount of time but results do not always support today`s competitive business objectives. EPRI`s Fossil Asset Management (FAM) project has developed a methodology to help utilities optimize both capital and operation and maintenance expenditures quicker and with greater return on investment. The FAM Resource Allocation Tool (RAT) uses marginal value to evaluate all attributes of diverse projects on a common basis. Kansas City Power & Light (KCPL) hosted a demonstration of RAT to determine its value as an effective resource allocation process under today`s complex operating conditions. This report gives an overview of capital budgeting at KCPL and a step-by-step description of the application of RAT at KCPL. It recommends two EPRI software tools, Plant Modification Operating Savings and MuMaker, to be used with KCPL`s in-house production costing program to implement RAT - a superior alternative to existing resource allocation processes.
- Research Organization:
- Electric Power Research Inst., Palo Alto, CA (United States); Decision Focus, Inc., Mountain View, CA (United States)
- Sponsoring Organization:
- Electric Power Research Inst., Palo Alto, CA (United States)
- OSTI ID:
- 64035
- Report Number(s):
- EPRI-TR--104922
- Country of Publication:
- United States
- Language:
- English
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