Wind generation is one of the most useful sources of renewable energy for the production of electrical energy. The technical characteristics of wind generation make existing conventional generation models not directly applicable. This paper presents an analytical method for the reliability assessment of the flat-rated wind turbine generation systems. An example of flat rating is that of the MOD-2, a second-generation class of wind turbines. The power-velocity characteristic of the flat-rated wind turbines is employed in this paper to model the operating behavior of the installed wind turbine generators. For wind-power potential estimation, the Weibull distribution model is used. The performance of the proposed model is demonstrated with case studies.