This work deals with the effects of the series compensation on the electric power system for small-signal stability studies. Therefore, the system is modeled admitting the existence of the compensation and then, the equations are linearized and a linear model is obtained for a single machine-infinite bus power system with a compensator installed. The resulting model with nine defined constants is very similar to the Heffron & Phillips linear model widely used on the existent literature. Finally, simulations are executed for an example system, to analyze the behavior of these constants when loading the system. © 2004 IEEE.