This document compares two optimization techniques - phase compensation and genetic algorithm (GA) - for tuning the parameters of a power system stabilizer (PSS). The PSS helps damp low-frequency oscillations in power systems. The phase compensation technique involves designing phase lead compensators to provide the required phase shift. The GA approach uses genetic operators like selection, crossover and mutation to evolve optimal PSS parameters over generations. Both techniques are applied to a single machine connected to an infinite bus system to optimize the PSS gain, washout time constant and lead/lag time constants. The effectiveness of each technique in enhancing power system stability is then evaluated.