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From the question i understand that 1) you want to draw (or develop) SLD with python code 2) the data for bus number and lat longs are in an excel file and you want to collect the data from excel and used it for excel
The idea of importing excel data to psse is not correct. Infact you can use python code which imports excel file to python and convert them to a list and use them to draw SLD using the above python program.
infact you can communicate between excel and python using xlwings package and psse package