A generator includes a permanent magnet generator, an exciter and a main generator mounted for rotation on a shaft. The main generator is configured to produce a voltage output. A generator control unit includes a circuit configured to provide current from the permanent magnet generator to the exciter. A switch is provided in the circuit and is configured to change between open and closed conditions. The switch is configured to flow current in the circuit in the closed condition and interrupt current flow in the open condition. An overvoltage limit controller is programmed to determine an amount of overvoltage of the output voltage exceeding a desired voltage. Either a fixed reference threshold is used or a reference threshold voltage is calculated based upon the duration in over voltage condition, and the switch is modulated between the open and closed conditions according to error between the actual output voltage and the reference threshold voltage to limit the output voltage to the desired reference threshold voltage.