An integrated power system suitable for simultaneously powering marine propulsion and service loads. The system includes: (a) at least one generator configured with at least first and second armature windings configured to output respective first and second alternating current power signals of different voltages, the at least two armature windings positioned within the same stator slots so that they magnetically couple; (b) at least first and second rectifier circuits coupled to said generator to convert said first and second alternating current power signals into first and second direct current power signals; and (c) a first load to which said first direct current power signal is coupled and a second load to which said second direct current power signal is coupled.