In DC electric railway systems, the feeding currrnt is not permitted to flow backward in almost all the substations and the pantograph voltages at the regenerating cars rise extremely by the voltage drop of the resistance of the feeder line. In order to prevent the overrise of the pantograph voltage in power regenerating cars, the squeezing circuits for the regenerative current are equipped and this leads to double losses, which are an extra worn-out of the brake-shoes and an ineffective use of regenerative power. In this study, the insertion of resistors in the feeder line system is proposed as a possible method for the effective utilization of the regenerative power in the electric railways. Also it is investigated how the output voltages of substations affect the effective use of regenertive capability. The investigation results show that the energy savings and the reduction of the worn-out of the brake-shoe can be achieved at the same time by the insertion of resistors in the feeder line system