The present disclosure provides a method and apparatus using a novel PWM switching technique that requires only one PWM carrier signal and benefits from two logic functions to provide switching signals and provides the flying capacitor (FC) voltage as well as dc-link capacitors voltages regulated to their desired values without external control. It may also, eliminate the odd multiples of the switching harmonic clusters from the output voltage is possible; double the frequency of first switching harmonic; reduce filtering efforts may be required since the values of the output LC filter inductor and capacitor can be very much reduced. Furthermore, notable reduction in control complexity is possible using the novel PWM method.