With the availability of high power semiconductor switches with turn-o
ff capability, voltage source converter based controllers for power tr
ansmission system applications have become a reality. Prototypes of so
me second generation Flexible AC Transmission System (FACTS) controlle
rs like TCSC and STATCON have been installed. This paper presents a re
view of the progress in FACTS. A generalized description of FACTS cont
rollers is also presented.