The paper analyzes the parallel operation of three-phase transformers, highlighting the increased reliability and reduced maintenance costs when multiple transformers are used to meet rising load demands. It discusses necessary conditions for successful parallel connections, including matching voltage ratios and impedances, and presents mathematical calculations for load division and circulating currents in various transformer configurations. The study includes results from a specific case involving two 100 MVA transformers in a substation setting, emphasizing that unequal impedances or MVA ratings lead to unequal load sharing and circulating currents.