The traction power demand highly varies with time and train positions and the traction load is a large-capacity current at single phase converted from 3-phase power system. Subsequently, each phase current converted from 3-phase power system cannot be maintained in balance any longer and thus the traction load can bring about imbalance in three-phase voltage. Therefore, the exact assessment of voltage unbalance must be carried out preferentially as well as load forecast at stages of designing and planning for electric railway system. The evaluation of unbalance voltage in areas, such as electric railway depots should be a prerequisite with more accuracy. The conventional researches on voltage unbalance have dealt with connection schemes of the transformers used in ac AT-fed electric railroads system and induced formulas to briefly evaluate voltage unbalance in the system(3). These formulas are still being used widely due to their easy applicabilities on voltage unbalance evaluation. Meanwhile, they don't take into account detailed characteristics of ac AT-fed electric railroads system, being founded on some assumptions. Accordingly. accuracy still remains in question. This paper proposes a new method to more effectively estimate voltage unbalance index. In this method, numerous diverted circuits in electric railway depots are categorized in three components and each component is defined as a two-port network model. The equivalent circuit for the entire power supply system is also described into a two-port network model by making parallel and/or series connections of these components. Efficiency and accuracy in voltage unbalance calculation as well can be promoted by simplifying the circuits into two-port network models.