The document outlines a project that studies the effectiveness of FACTS devices like STATCOM and SVC in improving power system stability. It presents simulation results from Matlab/Simulink of a power transmission system experiencing a three-phase fault without and with various FACTS devices. Without any FACTS devices, the system loses synchronism after the fault is cleared. With SVC or STATCOM added, the simulation shows improvements in voltage regulation, rotor speed and angle recovery, leading to improved stability. The document provides details on the modeling and control of STATCOM in particular to regulate reactive power flow and voltage.