VI. CONCLUSION
This paper has introduced a method to assess the effect of transient instability on power system reliability. Three probabilistic transient stability indices were introduced to measure the effect of transient stability on power system reliability which are: expected transient instability, expected transient stability robustness and the expected system risk of instability. Transient stability direct methods were used in assessing system stability, determining the energy margins and updating the stability and reliability indices. Also, power system reliability indices were evaluated for the cases considering and not considering the effect of transient instability. The effect of fault clearing times on power system reliability and stability indices was also evaluated. This method was applied on the reduced WECC and the NE 39 bus systems and the results showed that the effect of transient stability should not be ignored when evaluating reliability of the system. Also, the results of the stability indices can be used to measure system robustness against disturbances and the effect of fault clearing times on reliability and stability.