The document discusses contingency analysis in deregulated power systems, focusing on the significance of flexibility AC transmission system (FACTS) devices, particularly the Thyristor Controlled Series Capacitor (TCSC), to enhance network stability and performance. It outlines the methodology for analyzing system states under various contingencies, including single and multiple outages, and presents simulation results from a 24-bus power system indicating the effectiveness of the approach. The paper emphasizes the importance of accurate modeling and sensitivity analysis to mitigate violations and improve overall power system reliability.