A LED lighting system efficiently provides an operating voltage powering integrated circuits. A LED string has LEDs segregated into LED groups connected in series. A LED controller has channel nodes connected to the cathodes of the LED groups respectively, and an output node connected to a capacitor providing the operating voltage. The LED controller drains a channel current from a selected channel node among the channel node. The LED controller regulates the channel current to a channel target value corresponding to the selected channel node, and provides a portion of the channel current as a charging current to power and regulate the operating voltage.