A single magnetic storage element is used to provide power to multiple lighting devices, which may be strings of light-emitting diodes (LEDs) of different color. A switching circuit controls alternating application of energy among the multiple lighting devices and another switching circuit may charge the primary winding to different energy levels to control the intensity of the multiple lighting devices. In particular, the multiple lighting devices may be controlled to provide a desired color profile while dimming the lighting devices, while requiring only a single magnetic storage element for supplying energy to the lighting devices.