In view of the problem that time delay always existing in wide area power system can cause severe effects on the operation performance of the whole system, this paper studies the stability of the wide area power system with interval time-varying delays. Firstly, the model of wide area power system with interval time-varying delay is established, based on that, a new augmented vector and new Lyapunov-Krasoskii functional (LKF) are constructed. Then, the delay-partitioning approach, Wirtinger integral inequality, free-matrix-based inequality and convex combination approach are used to estimate the derivative of the functional, and as a result, a less conservative stability criterion for the delayed power system is obtained. Finally, numerical simulations of the typical second-order system, the single machine system and two-area four-generator power system are given to illustrate that the proposed method in this paper expands the stability margin of the system effectively.