The IEC 61850 protocol proposed for the interoperability between IEDs(intelligent electronic devices) adopts the prioritized switched ethernet as its communication channel because substation bus is utilized to exchange both real-time and non real-time messages. The prioritized switched ethernet uses IEEE 802.1Q/p QoS(Quality of Service) in addition to IEEE 802.3 ethernet to enhance the real-time characteristics. However, IEEE 802.1Q/p QoS has priority-blocking problem that occurs when higher-priority frame transmission request during lower-priority frame transmission. To resolve this problem, this paper proposes P(Preemptive)-Ethernet. P-Ethernet uses the modified IEEE 802.1Q/p frame format and new priority preemption mechanism. This paper also implements P-Ethernet controller using FPGA (Virtex-4) and MicroBlaze processor. From the implementation results, P-Ethernet controller shows a improved latency and jitter of transmission period compare to the normal ethernet controller.