Embodiments are disclosed relating to an electric power conversion device and methods for controlling the operation thereof. One disclosed embodiment provides a multi-stage electric power conversion device including a first regulator stage including a first stage energy storage device and a second regulator stage including a second stage energy storage device, the second stage energy storage device being operatively coupled between the first stage energy storage device and the load. The device further includes a control mechanism operative to control (i) a first stage output voltage on a node between the first stage energy storage device and the second stage energy storage device and (ii) a second stage output voltage on a node between the second stage energy storage device and the load.