Atonement: Penal Substitutionary Theory (8.4.19) Posted on August 6, 2019August 6, 2019 by Teresa Kinnear We continue our look into different theories of the atonement. This week, we look at Penal Substitutionary Theory. This theory is one of the most prevalent theories in the evangelical church today. What does it mean? Listen here to find out. Posted in Podcast.