In the realm of power systems, achieving optimal operation while ensuring security remains a paramount challenge. The security constrained optimal power flow (SCOPF) problem deals with optimizing power system operations while taking into account security limitations. Flexible alternating current transmission system (FACTS) is a system consisting of static equipment used for transmitting electrical energy in the form of AC. The static synchronous series compensator (SSSC) is a specific form of series FACTS device. The unified power flow controller (UPFC) is a FACTS device that is connected in parallel and series with a transmission line. In this research, hybrid simulated annealing and tabu search (hybrid SATS) algorithm is designed to solve SCOPF problems that involve use of FACTS devices. The combination of simulated annealing and tabu search is intended to improve algorithm's pace of convergence and the quality of its solutions. Hybrid SATS with FACTS devices are used to investigate line flow limit violations during single line failures and ensure power flows remain within their security limitations. The efficacy of proposed algorithm is demonstrated through case studies utilizing IEEE 30 bus system. These case studies demonstrate algorithm's capabilities to achieve optimal and secure power system functioning to demonstrate its effectiveness.