Abstract: A harmonic mitigating device for connection between a power distribution system and the load uses a magnetic shunt to control the levels of magnetic coupling between different elements of the device while providing all windings on a single core. This allows for the reduction or elimination of the harmonic MMF induced in the line winding of the device, and as a result the reduction of harmonic currents flowing into the power supply system; and the reduction of the line winding inductance, which in turn reduces the voltage boost of the device under the no-load conditions, reduces the voltage drop at full load conditions and increases the stability of the drive. The invention serves to reduce ripple level in rectifier outputs and buffers transient overvoltages, and a single configuration works with any rectifier type, including SCR bridges.