This document discusses modern power transmission techniques and FACTS devices. It explains that transmission losses can be reduced by increasing voltage levels and maintaining a power factor near 1. FACTS devices like STATCOM and SVC use power electronics to dynamically regulate voltage by supplying or absorbing reactive power from the grid. This improves power quality and stability. The document outlines different series and shunt compensation strategies used in FACTS controllers to address issues like improper load distribution, voltage drops, and low currents in transmission lines.