An oscillator circuit powered by a source voltage generates an oscillating output signal. The oscillating output signal is level shifted and applied to a first input of a multiplexer. A second input of the multiplexer receives the oscillating output signal. The multiplexer selects one of the oscillating output signal and the level shifted oscillating output signal for output as a selected oscillating output signal in response to a select signal. A locked loop circuit generates controls a frequency of the oscillating output signal as a function of the selected oscillating output signal and a reference oscillating signal. The select signal further selects one of a reference voltage and the source voltage of the oscillator circuit as an error amplifier reference voltage for a voltage regulator circuit that generates the first power supply voltage.