The present invention includes a system and method for controlling multiple sources of electric power using inter-regulator control. The regulators in the system may be of a universal type that may operate either as a master regulator or a follower regulator. Determination whether a regulator operates as a master or a follower regulator may occur before operation of the system, during operation of the system, or may reverse the role of master and follower regulators in response to operating conditions. The master regulator may control its source of electric power and may send signals to the follower regulators to control their sources of electric power. The control of the sources of electric power may be based on sensing output of at least one of the sources of electric power and based on the operational characteristics of at least one of the sources of electric power. Further, the follower regulator may verify the instructions sent from the master regulator.