Abstract
The purpose of this investigation is to determine an appropriate way of probabilistically prioritizing transmission system alternatives. Three approaches widely exercised by different electric utilities are studied and compared to the methodology proposed and developed in this paper. Utilizing the appropriate methodology, transmission system alternatives are prioritized and the best alternative is placed on the top of a ranking table. An analysis of qualitatively identifying the different transmission system benefits is performed. Some of the qualitative benefits are quantified and used in our methodology. The proposed methodology is tested on the IEEE 25 bus reliability test system (RTS). TRELSS (transmission reliability evaluation of large scale systems), a software package developed by Electric Power Research Institute (EPRI) is utilized in determining the probabilistic indices that are used in the proposed approach.
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