In one embodiment, the present invention includes a medium voltage drive system having multiple power cells each to couple between a transformer and a load. A first subset of the power cells are configured to provide power to the load and to perform partial regeneration from the load, and a second subset of the power cells are configured to provide power to the load but not perform partial regeneration. A controller may be included in the system to simultaneously control a DC bus voltage of at least one of the first subset of the power cells, correct a power factor of the system, and provide harmonic current compensation for the system.