A regenerative drive (30) and method for providing power from such to at least one auxiliary power supply (41, 43) is disclosed. The drive may include a converter (32) and an inverter (34) connected by a DC bus (33), and a controller (54) configured to apply at least one of unipolar modulation and bipolar modulation to the converter (32) and the inverter (34), and to provide about half of the output voltage across the upper portion (130) of the DC bus (33) and about half of the output voltage across the lower portion (136) of the DC bus (33), when the upper and lower portions (130, 136) of the DC bus (33) are unevenly loaded. A first auxiliary power supply (41) may be connected to one of the upper and lower portions (130, 136) of the DC bus (33) and may receive power from the multilevel regenerative drive (30).