A power-good signal generator generates a power-good signal according to a control signal of a controller, and comprises an impedance element, a controlled transistor and a power sequencing free circuit. An end of the impedance element is coupled to a second voltage source. The controlled transistor has first and second input/output ends and a controlled end, wherein the first input/output end is coupled to the other end of the impedance element to generate the power-good signal. An operating state of the controlled transistor is changed in response to the control signal. The power sequencing free circuit is coupled to the controlled end and one of the first input/output end and the second voltage source. When the second voltage source is supplied before the first voltage source, the power sequencing free circuit turns on the controlled transistor to clamp the power-good signal to be lower than a predetermined voltage level.