Independent System Operators have difficulty in fulfilling all contractual power transactions in a competitive energy market due to transmission network congestion. As a result, applications of generator rescheduling become one of the antidotes in alleviating this difficulty in the consequence of ever-increasing numerous power transactions. The goal of this research is to lower the cost of active and reactive power of the generators by reducing the deviation of rescheduled active and reactive power from scheduled values. The inclusion of reactive power rescheduling and voltage stability in this paper is innovative, as compare to other existing methodologies solely examine active power rescheduling. This paper made the following contributions: formulated a multi-objective function for congestion control in an electric transmission network. Furthermore, formulated the generator sensitivity factors to identify overloaded lines and which generators will be involved in congestion management. Developed a particle swarm optimization (PSO) algorithm to solve the multi-objective function of the transmission congestion management system. In addition, the developed PSO method for CM approach was validated on three IEEE standard test system networks (14, 30, and 118). The simulation results prove that reduces active and reactive power, lowering the cost of generator rescheduling, and demonstrating the usefulness of developed PSO method for transmission network congestion. Furthermore, voltage stability and voltage profile improvements demonstrate the performance effectiveness of the PSO algorithm used in this work.