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… Benefits = Probability of event × (Unserved Energy × VoLL + Repair costs) We consider the following events and … Gabrielle unserved energy x monthly growth factor t ) x VoLL + cost of repair The risk in any given year is given by … 59.4 62.0 63.1 61.6 7% discount 23.9 24.9 25.5 24.9 low VoLL $20K 22.1 23.0 23.5 23.0 High VoLL $50K 53.5 55.7 56.9 …

… and Disruptive scenarios under the standard assumptions for VoLL, capital cost and discount rate. Option 2 is also the … amount in the presence of a lower discount rate, high VoLL, low capital cost and longer outage assumptions. Option … of higher capital costs, shorter outage duration, lower VoLL and for the high discount rates. Q5. Do you agree that …