During Severe emergencies which result in the case of outage of large generator units, an automatic underfrequency protection scheme can prevent the system frequency from decaying and improve the system stability. This paper presents methods and results of a study on the optimum load shedding scheme which covering as follows. 1) Detail representation of governor model 2) Determination of optimum load shedding amount 3) Selection of action time settings of UFR 4) Comparsson of load shedding programs By this study, the optimum system operating method was recommended for reliable operation of power system.