Risk Assessment Power Systems

Power system risk assessment is becoming an important and mandatory task in planning, operation, maintenance, and asset management of utilities, particularly under the deregulation environment. This book will provide readers with the tools to solve practical problems using appropriate risk assessment techniques. Both analytical and Monte Carlo evaluation methods are discussed with an emphasis on applied techniques and actual considerations in generation, transmission, substation, and distribution systems.

Li, an engineer and an IEEE Fellow, closes the gap between risk theory and real-world application in this guide for engineers and managers in electric utilities. He book explains how to evaluate power system risk in planning, design, operations, and maintenance activities to keep risk at targeted levels. The book begins with an introduction to concepts in power system risk, then discusses modeling and methodology, and describes practical applications that reflect actual issues facing the utility industry. Appendices provide mathematical elements, power system models, and probability distribution tables. Annotation ©2004 Book News, Inc., Portland, OR

WENYUAN LI, PhD is a specialist engineer at British Columbia Transmission Corporation in Canada. Dr. Li has been recognized as an "Outstanding Engineer" by IEEE Canada. In 2002, he received an IEEE Fellow award for contributions in power system reliability theory, calculation methods and algorithms, and industry applications.