Techniques are disclosed to control a power converter with multiple output voltages. One example regulated power converter includes a an energy transfer element coupled between a power converter input and first and second power converter outputs. A switch is coupled between the power converter input and the energy transfer element such that switching of the switch causes a first output voltage to be generated at the first power converter output and a second output voltage to be generated at the second power converter output. A current in the energy transfer element is coupled to increase when a voltage across the energy transfer element is a difference between an input voltage at the power converter input and the first output voltage. The current in the energy transfer element is coupled to decrease when the voltage across the energy transfer element is a sum of the first and second output voltages.