A power generation system and method includes a first gas turbine system comprising a first combustion chamber configured to combust a first fuel stream of primarily hydrogen that is substantially free of carbon-based fuels. The first gas turbine system also includes a first compressor configured to supply a first portion of compressed oxidant to the first combustion chamber and a first turbine configured to receive a first discharge from the first combustion chamber and generate a first exhaust and electrical energy. The power generation system further includes a second gas turbine system comprising a second combustion chamber configured to combust a second fuel stream to generate a second discharge. The first compressor of the first gas turbine system is configured to supply a second portion of compressed oxidant to the second combustion chamber. The second turbine system also includes a second turbine configured to receive the second discharge from the second combustion chamber to generate a second exhaust and electrical energy and a second compressor configured to receive the second discharge comprising carbon dioxide. The second compressor is also configured to discharge a recycle stream to the second combustion chamber and a split stream to a separator system adapted to recover carbon dioxide.