This paper proposes an extension of the traditional mathematical formulation of short-circuit analysis in order to make it able to process networks modeled at bussection level. Differently from the existing methodology for calculating short-circuit currents, which is based on the conventional bus-branch network model, the proposed approach processes networks modeled at the physical level, allowing the direct determination of short-circuit currents through closed-circuit breakers. For this purpose, the current through circuit breakers is included in the problem as a new state variable. Besides, information regarding the closed status position of circuit breakers is taken into account as additional linear equations, producing a non-redundant set of algebraic equations. The proposed approach provides an efficient tool for directly determining the short-circuit current flowing through circuit breakers into a selected substation of the network, avoiding unreliable artifices and tedious postprocessing procedures required by the existing methodology, which is based on the bus/branch model. Simulations conducted on a five-bus test system and a 291-bus test system are used to illustrate the proposed methodology.