This seminar paper presentation provides an overview of power system stability, including a proposed definition and classification. It discusses rotor angle stability, voltage stability, and frequency stability. Rotor angle stability refers to synchronous machines remaining in synchronism after a disturbance. Voltage stability means maintaining steady voltages at all buses after a disturbance. Frequency stability is the ability to maintain steady frequency following a severe imbalance between generation and load. Flexible AC transmission systems (FACTS) are also introduced as a means to enhance stability, security, and power transfer capacity.