The document discusses the capacitance of power cables and its effects on electrical power systems. The capacitance depends on cable length and can increase dielectric losses, affecting actual power. Reactors are used to compensate for capacitance and minimize losses. While cable capacitance provides reactive power, it is uncontrolled and distributed, so external capacitors are still needed for power factor improvement. Capacitance can increase voltage above safe limits and damage insulation if not controlled. Cable capacitance acts as a shunt compensation in parallel with loads rather than a series compensation. The capacitance is modeled as a lumped capacitor connected in parallel to the load and series resistance and inductance, though in reality it is distributed along the cable length.