The problem of existence and stability of equilibria of linear systems with constant power loads is addressed in this paper. First, we correct an unfortunate mistake in our recent paper [10] pertaining to the sufficiency of the condition for existence of equilibria in multiport systems given there. Second, we give two necessary conditions for existence of equilibria. The first one is a simple linear matrix inequality hence it can be easily verified with existing software. Third, we prove that the latter condition is also sufficient if a set defined by the problem data is convex, which is the case for single and two–port systems. Finally, sufficient conditions for stability and instability for a given equilibrium point are given. The results are illustrated with two benchmark examples.