This paper reports a set of digital time-domain simulation studies conducted on 154 kV wound Potential Transformer(PT) int he 154 kV Gas Insulated Substation(GIS). The Electro-Magnetic Transient Program(EMTP) is used to develop the PT model and conduct the transient studies. The accuracy of the PT model is verified through comparison of the EMTP simulation results with those obtained from the field test results. The investigations shows that the developed model can accurately predict PT transient resonance, especially, the phenomenon of ferroresonance. The model is developed not only to determine impact of transients on PT response but also to design ferroresonance suppressor devices of PT. And it can also be used to predict PT transient response on power system monitoring and protection scheme.