The output voltage generated by permanent magnet generator (PMG) is regulated by controlling a buck/boost voltage applied to selected sub-coils within the PMG. The PMG includes a number of stator coils that are each divided into a number of sub-coils. A buck/boost voltage source generates a buck/boost voltage, and a controller connected to monitor the output voltage generated by the PMG selectively applies the buck/boost voltage to selected sub-coils based on the monitored output voltage. In this way, the controller is able to regulate the output voltage by selectively controlling the buck/boost voltage applied to the selected sub-coils.