This document summarizes a study that uses artificial neural networks to determine the optimal placement of custom power devices (DSTATCOM, DVR, UPQC) in an electrical power system network to balance voltages affected by unbalanced loads. The study trains a neural network using unbalanced bus voltages from a simulated IEEE 14-bus test system as input, and balanced voltages prior to unbalanced loads as targets. It analyzes the results to determine the optimal bus and line to place each device type in order to maximize voltage balancing across the network when unbalanced loads are connected. Case studies demonstrate the approach and compare device effectiveness on the test system.