The Internet Based real-time GPS synchronized wide-area Frequency Monitoring Network (FNET) is an extremely low cost and quickly deployable wide-area frequency measurement system with high dynamic accuracy which consists of Frequency Disturbance Recorder (FDR) distributed to more than 100 places around North America and an Information Management System situated at Virginia Tech. Since its first FDR deployment in 2003, the FNET system has been proved to be able to reliably receive phasor data accurately measured at and instantaneously sent via the Internet from different locations of interest, and efficiently run the analyzing program to detect and record significant system disturbances and subsequently estimate the location of disturbance center, namely the event location, in the electric grid based on the information gathered. The excellent performance of the FNET system so far has made power grid situation awareness and monitoring based on distribution level frequency measurements a reality, and thus advances our understanding of power system dynamics to a higher level and in a broader dimensionality. Chapter 1 and Chapter 2 of this dissertation briefly introduce the genesis and the architecture of the FNET system, followed by a summary of its concrete implementations. Chapter 3 and Chapter 4 outline FNET frequency estimation algorithm and phase angle estimation algorithm, including their attributes and the new methodologies to enhance them. In Chapter 5, the report discusses the algorithms developed at FNET to detect the frequency disturbance and estimate the disturbance location by the triangulation procedure using real-time frequency data and geographic topology of the FNET units in the power grid where the disturbance occurs. Then, the dissertation proceeds to introduce the FNET angle-based power system oscillation detection and present some research about Matrix Pencil Modal Analysis of FNET phase angle oscillation data in the following two chapters. Lastly, the content of this report is summarized and the future work envisioned in Chapter 8. / Ph. D.