In this paper, the time-varying failure rate to consider climate effect was extracted. Even if the same kind of equipments is estimated for extracting the time-varying failure rate, the failure rates could be different depending on external effect such as climate. With the consequence, the failure rate extracted to consider the climate effect is necessary for using the failure rate on the optimal investment plan or asset management, To consider the characteristic of climate effects(Classified into 5 categories, heavy rain, thunderbolt, strong wind, tidal waves, no character), the survey of officers charging the operation of equipment in KEPCO branch office was done. With this consequence, this paper suggest the failure rate extraction method to consider the climate effect analyzed by the survey.