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In the power system, the pilot bus and slack bus are not the same.
Slack bus is the reference bus for the load flow calculation in power system. It is also known as swing bus or reference bus. Generally it is the bus to which the largest generator of the system is connected and its governor is set to isochronous mode (see http://cr4.globalspec.com/thread/42805 for isochronous mode) for load control.
The Pilot bus refers to the set of Voltage Controlled buses (or Generator bus or PV bus) used for the zonal system voltage control for the Secondary Voltage Regulation (SVR) system. Sometimes, it is also called weak bus or critical bus.
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