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The recently proposed phase imbalanced series capacitive compensation concept has been shown to be effective in enhancing power system dynamics as it has the potential of damping power swing as well as subsynchronous resonance oscillations. In this paper, the effectiveness of a “hybrid” series capacitive compensation scheme in damping power system oscillations is evaluated. A hybrid scheme is a series capacitive compensation scheme, where two phases are compensated by fixed series capacitor (C) and the third phase is compensated by an SSSC in series with a fixed capacitor (Cc). The effectiveness of the scheme in damping power system oscillations during system faults at different loading conditions is evaluated using the EMTP-RV time simulation program.