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In order to easily monitor the wide-area power system information covering many power producers, suppliers, and power companies, authors have been developed a PMU (phasor measurement unit) based WAMS (wide area measurement system). This WAMS momentarily gather information about the power oscillation affecting the stability of Japanese longitudinal power systems by signal processing of the power outlet phasor. This paper introduces the features of the PMU based WAMS, and an availability of the power outlet phasor is validated by comparing the measurements with actual power station. And as one of the applications, an estimation method of interconnected power system parameters from the monitored power oscillation information is proposed.