This document summarizes the key points of a presentation on applying Flexible AC Transmission Systems (FACTS) controllers to AC power systems. It discusses the benefits of FACTS controllers, including improved transmission system operation with minimal investment and implementation time compared to new transmission lines. It also outlines the various phases of power system studies involved in FACTS installation projects, from initial feasibility studies to determine system constraints, to pre-manufacturing equipment design studies. Finally, it introduces some basic FACTS controller circuits and their system performance characteristics.