This document summarizes a study comparing the power flow and transmission capacity of multi-phase transmission lines to three-phase lines. The study developed several performance characteristic curves relating to power flow and voltage stability for multi-phase systems. These included load end real and reactive power operating contour maps, reactive power loss characteristics, and voltage-power characteristics. Across all characteristics analyzed, the study found that multi-phase transmission systems have higher power handling capacity and are more secure from a voltage stability perspective compared to equivalent three-phase systems. Specifically, increasing the number of phases from three to four or twelve phases resulted in 10-20% greater reactive and real power transfer capacity while maintaining voltage stability.