This document discusses Flexible AC Transmission Systems (FACTS) which use power electronics to improve transmission line performance. It outlines the need for FACTS devices to better utilize assets and increase reliability. Several types of FACTS devices are described, including Static VAR Compensation (SVC) devices like thyristor controlled reactor (TCR) and thyristor switched capacitor (TSC)-TCR. FACTS projects in various countries are also listed. Improved coordination and wider monitoring are noted as providing future benefits.