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This paper proposes a new hybrid evolutionary algorithm (HEA) based on evolutionary programming (EP), tabu search (TS), and simulated annealing (SA) to determine the available transfer capability (ATC) of power transactions between different control areas in deregulated power systems. The optimal power flow (OPF)-based ATC determination is used to evaluate the feasible maximum ATC value within real and reactive power generation limits, line thermal limits, voltage limits, and voltage and angle stability limits. The HEA approach simultaneously searches for real power generations except slack bus in a source area, real power loads in a sink area, and generation bus voltages to solve the OPF-based ATC problem. Test results on the modified IEEE 24-bus reliability test system (RTS) indicate that ATC determination by the HEA could enhance ATC far more than those from EP, TS, hybrid TS/SA, and improved EP (IEP) algorithms, leading to an efficient utilization of the existing transmission system. [ABSTRACT FROM AUTHOR]