As technology is developed, the quantity of new vocabularies is increasing more rapidly. So many vocabularies of technology have various meanings for each part and are used diversely according to circumstances. Therefore, the necessity of reasonable methods of standardization and purification is increasing and it is necessary to establish a classification system of terminology for the first phase of the standardization. Firstly, based on classification systems of power and IT standard dictionaries, scientific and technological standard, SPARK, power IT fields of IEC and organization units of corporations, we propose a new classification system for the standardization of power IT terminologies. The classification system consists of a hierarchical structure with general classification, application fields and specific technologies while keeping the conventional matrix-type classification system. And interpretation methods of power IT terminologies, which are classified according to the new classification system for the standardization of power IT terminologies, is proposed. The interpretation works of the power IT terminologies confirm that the classification system is systematic and the interpretation process is efficient.