Because of the difficulty of acquiring new generation sites and right-of-way, additional units have been added to the existing generation sites and the transmission system has been developed into highly meshed configuration. This structural characteristics may cause restriction on the reliable operation of power systems. In other to meet with this problem, the enhancement of system analysis techniques and establishment of appropriate measures have been required in this situation. In addition the deregulation of electric power industry in Korea would require better tools for power system analysis and control. In this paper, exciter system models, speed governor system models and PSS models of EUROSTAG for stability study are developed. Comparison with simulation results of PSS/E is performed for verification of EUROSTAG models.