This chapter is demonstrating a practical design of an intelligent type of controller using higher order neural network (HONN) concepts, for the excitation control of a practical power generating system. This type of controller is suitable for real time operation, and aims to improve the dynamic characteristics of the generating unit by acting properly on its original excitation system. The modeling of the power system under study consists of a synchronous generator connected via a transformer and a transmission line to an infinite bus. For comparison purposes and also for producing useful data in order for the demonstrating neural network controllers to be trained, digital simulations of the above system are performed using fuzzy logic control (FLC) techniques, which are based on previous work. Then, two neural network controllers are designed and applied by adopting the HONN architectures. The first one utilizes a single pi-sigma neural network (PSNN) and the significant advantages over the standard multi layered perceptron (MLP) are discussed. Secondly, an enhanced controller is designed, leading to a ridge polynomial neural network (RPNN) by combining multiple PSNNs if needed. Both controllers used, can be pre-trained rapidly from the corresponding FLC output signal and act as model dynamics capturers. The dynamic performances of the fuzzy logic controller (FLC) along with those of the two demonstrated controllers are presented by comparison using the well known integral square error criterion (ISE). The latter controllers, show excellent convergence properties and accuracy for function approximation. Typical transient responses of the system are shown for comparison in order to demonstrate the effectiveness of the designed controllers. The computer simulation results obtained show clearly that the performance of the developed controllers offers competitive damping effects on the synchronous generator’s oscillations, with respect to the associated ones of the FLC, over a wider range of operating conditions, while their hardware implementation is apparently much easier and the computational time needed for real-time applications is drastically reduced.