In order to prevent voltage collapse. this paper introduces the idea of the intelligent system and operating polices for a power system, then presents the results of voltage stability studies for that power system. The intelligent system includes a dedicated computer doing calculation and evaluation jobs and several intelligent relays serving as last guards to carry out the pre-set remedies. In the intelligent system, P-V curves are used to determine the operating margin from the current operating point to the maximum operating point, or the nose point. This paper suggests an operating guide for voltage stability of a power system. The effectiveness of location ad amount of load shedding for the different power load models are studied.