I. Introduction
Maintaining and improving the reliability of power distribution systems has become a core challenging activity for electric utilities, due to deregulation and privatization of the utility industry. As a result, utilities-who strive to improve their reliability indices-, need to improve their reliability estimation and monitoring methods. For this reason, electric utilities have developed modern tools for optimal asset management, based on distribution network reliability analysis. Fault statistics-treasured in IT-based management automation systems of the electric utility companies-provide splendid resources for extracting experimental knowledge. This knowledge extraction is referred to as Data Mining or Knowledge Discovery [1]. The extracted knowledge include the inherit characteristics of the network asset engineering practice within that company, which might be exclusive to its specific network, thus very valuable for that utility. Hence, the utilities record and analyze their fault statistics; as they would rather prefer to rely on their own context-specific extracted knowledge, rather than the typical values [2], [3]. Therefore, the utilities need practical and adaptive reliability indices, based on their own data, in order to direct their resources properly [3].