This two-part paper introduces a dynamic state feedback control law that guarantees the elimination of Hopf bifurcations (HB) before reaching the saddle-node bifurcations (SNB). Part I is devoted to the mathematical representation of the detailed system dynamics, investigation of HB and SNB theorems, and state feedback controller design. For purposes of dynamical analysis, the stable equilibria of the system is obtained. Then the control system is designed with the objective of preventing the voltage collapse before the SNB, such that the structural stability of the system is preserved in the stationary branch of the solutions. The controller aims to relocate Hopf bifurcations to the stationary branch of solutions located after SNB, eliminating the HB from normal operating region of the system. In order to evaluate the performance of the proposed controller, bifurcation analysis has been performed in Part II using single-machine and multi-machine test systems.