This document summarizes a research paper presented at the International Conference on Emerging Trends in Engineering and Management. The paper proposes using a genetic algorithm to determine the optimal location and settings of Flexible AC Transmission System (FACTS) devices, specifically STATCOMs, to maximize the loadability of a power system while maintaining stability constraints. The objective function aims to maximize loadability with constraints for voltage stability, generation limits, line limits, and load-generation balance. The methodology is tested on the IEEE 14-bus test system in MATLAB. In conclusion, optimally placing and setting FACTS devices using genetic algorithms can enhance power system loadability while maintaining stability.