The fatigue failure prediction becomes critical under multiaxial loading conditions, since the complexity of the stress state requires analysis based on models more advanced than those adopted for uniaxial loads. In this context, some criteria were developed in an attempt to predict the failure of components subjected to multiaxial cyclic loads. An example of mechanical component subject to multiaxial fatigue is the crankshaft of thermoelectric plants. It is usually projected according to the Findley criterion. However, recent failures of crankshafts occurring in the national thermoelectric park, put on doubt the efficiency of such criterion. In this way, the present study aimed to analyze the applicability of six models (Papadopoulos, Findley, Matake, McDiarmid, Carpinteri e Spagnoli and Liu e Mahadevan) of high cycle multiaxial fatigue, based on the critical plane, to predict failure on crankshaft of generating units. For the models application, different loading parameters (medium stress and out-of-phase stresses) and material properties (fatigue limit) were adopted, starting from values found in the literature. A divergence between the results of each model was observed, some of them were more conservative than the others, depending on the loading and material s properties. However, the Papadopoulos model, based on easy application and failure prediction sensitivity, proved to be more suitable than the others.