Modal analysis has been widely employed in voltage stability studies. Liter
ature shows that monitoring the least eigenvalue/singular value as a functi
on of load increase may drive one to incorrect conclusions, since these val
ues present a sharp variation at the bifurcation point. A 'well behaved' ei
genvalue may be identified, even when limits oil the reactive power generat
ion are considered. For this purpose, the centre manifold theorem is employ
ed. Results provide an interesting insight into modal analysis, since some
interesting theoretical points are addressed. Some original results are als
o discussed.