Abstract: Under the limitation of investment budget, a utility
company is required to maximize the utilization of their existing
assets during their life cycle satisfying both engineering and financial
requirements. However, utility does not have knowledge about the
status of each asset in the portfolio neither in terms of technical nor
financial values. This paper presents a knowledge based model for
the utility companies in order to make an optimal decision on power
transformer with their utilization. CommonKADS methodology, a
structured development for knowledge and expertise representation,
is utilized for designing and developing knowledge based model. A
case study of One MVA power transformer of Nepal Electricity
Authority is presented. The results show that the reusable knowledge
can be categorized, modeled and utilized within the utility company
using the proposed methodologies. Moreover, the results depict that
utility company can achieve both engineering and financial benefits
from its utilization.