At present, almost 70% of the electric energy in the United States is produced utilizing fossil fuels. Combustion of fossil fuels contributes CO2 to the atmosphere, potentially exacerbating the impact on global warming. To make the electric power system (EPS) more sustainable for the future, there has been an emphasis on scaling up generation of electric energy from wind and solar resources. These resources are renewable in nature and have pollution free operation. Various states in the US have set up different goals for achieving certain amount of electrical energy to be produced from renewable resources. The Southwestern region of the United States receives significant solar radiation throughout the year. High solar radiation makes concentrated solar power and solar PV the most suitable means of renewable energy production in this region. However, the majority of the projects that are presently being developed are either residential or utility owned solar PV plants. This research explores the impact of significant PV penetration on the steady state voltage profile of the electric power transmission system. This study also identifies the impact of PV penetration on the dynamic response of the transmission system such as rotor angle stability, frequency response and voltage response after a contingency. The light load case of spring 2010 and the peak load case of summer 2018 have been considered for analyzing the impact of PV. If the impact is found to be detrimental to the normal operation of the EPS, mitigation measures have been devised and presented in the thesis. Commercially available software tools/packages such as PSLF, PSS/E, DSA Tools have been used to analyze the power network and validate the results.