A modular multilevel converter system. The system includes a plurality of series connected two-terminal M2LC cells arranged into at least two output phase modules. A first one of the output phase modules has an inductance and an effective capacitance associated therewith. The first one of the output phase modules is configured so that a natural resonant frequency of the inductance with the effective capacitance of the first one of the output phase modules is greater than at least one of the following: an operating frequency of the first one of the output phase modules; a switching frequency of the first one of the output phase modules; and a switching frequency of any of the M2LC cells of the first one of the output phase modules.
