This document summarizes key concepts about three-phase systems. It defines a three-phase system as having three sinusoidal voltages differing in phase by 120 degrees. The voltages can form a positive or negative sequence. Three-phase systems are commonly used for power generation, transmission, and distribution due to their ability to transmit more power with less material. Formulas are provided for calculating line voltages, currents, and power in balanced and unbalanced three-phase systems. Advantages of three-phase systems like constant torque and easier starting of motors are also discussed.