This paper presents a game theoretic-based load frequency control (LFC) scheme for power systems with network-induced delays. First, a dynamic model of two-area LFC systems is developed under consideration of bounded network-induced delays. Second, the optimal control problem of power systems with network-induced delays is formulated as a stochastic linear quadratic game. Then, by using differential games and Lyapunov theories, the game theoretic-based optimal load frequency controllers are designed for the system under consideration, and an algorithm is presented to make the desired optimal LFC gains solvable. Finally, a case study is carried out to show the effectiveness of the proposed method. [ABSTRACT FROM AUTHOR]