Regulatory Risk Management of Advanced Nuclear Power Plants
- PA Consulting Group, The Chrysler Building 405 Lexington Ave., 34th Floor, New York, NY 10174 (United States)
Regulatory risk reflects both the likelihood of adverse outcomes during regulatory interactions and the severity of those outcomes. In the arena of advanced nuclear power plant licensing and construction, such adverse outcomes may include, for example, required design changes and construction delays. These, in turn, could significantly affect the economics of the plant and the generation portfolio in which it will operate. In this paper, the author addresses these issues through the lens of risk management. The paper considers various tools and techniques of regulatory risk management, including design diversity and hedging strategies. The effectiveness of alternate approaches is weighed and recommendations are made in several regulatory contexts. (author)
- Research Organization:
- American Nuclear Society, 555 North Kensington Avenue, La Grange Park, IL 60526 (United States)
- OSTI ID:
- 21167911
- Resource Relation:
- Conference: ICAPP'02: 2002 International congress on advances in nuclear power plants, Hollywood, FL (United States), 9-13 Jun 2002; Other Information: Country of input: France; 5 refs
- Country of Publication:
- United States
- Language:
- English
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