Document: NUREG-1555
Document ID: b7deae2c-8f2d-4448-a49f-fa82cfc0ac1b
Document Type: esrp
Title: POWER AND ENERGY REQUIREMENTS
Source: NUREG-1555
Source URL: https://www.nrc.gov/reading-rm/doc-collections/nuregs/staff/sr1555/initial/
Revision Date: 2007-10
Chapter: 8
Section ID: 8.2.1
CFR Part: 
CFR Title: 

Content:
nergy requirements is to be conducted by NRC staff in lieu of using a review prepared by affected States and/or regions, the procedures discussed below should be followed. These procedures also may be used by the reviewer as an aid in evaluating forecasts prepared by others. These procedures assume that the applicant is a traditional utility. Industry best practice may evolve as a result of deregulation. The reviewer should be aware of, and use, industry best practice where possible. October 1999 8.2.1-5 NUREG-1555 (1) Analyze the historical data and forecasts of demand factors for completeness and agreement with other forecasts, emphasizing the forecasted growth in kWh sales. (2) Analyze the forecasting methodologies employed to the extent needed to reach conclusions regarding their acceptability. Relevant factors to consider include the following: ` price of electricity ` energy efficiency and substitution ` price of alternative fuels ` income ` economic activity ` number of customers ` weather ` saturation levels ` treatment of uncertainty. (3) Consider how the demand influencing factors are taken into account. If scientific methodologies are employed, determine if they pass standard tests of acceptability (e.g., statistical tests of significance). (4) Analyze any parameter estimates (e.g., price and income elasticities) obtained by the applicant’s methodologies to determine the degree to which they agree with other estimates that are generally available for the relevant region from State or regional sources. Compare the applicant’s latest projections with those made earlier for the same or overlapping time periods. (5) Evaluate the applicant’s forecasts and the data and methodology used to make these forecasts and reach one of the following conclusions: (a) The applicant’s forecast and all data and methodologies are verified by the staff analyses, and the reviewer concludes that the methodology, underlying assumptions, and results are similar to those