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This paper presents some modified topologies of the neutral-point-clamped converter. In all of them, the main change consists of adding a fourth leg, which is based on the flying-capacitor converter structure. The aim of this additional leg is to provide the converter with fault tolerance. Furthermore, during normal operation mode, this leg is able to provide a stiff neutral voltage. Consequently, the low-frequency voltage oscillations that appear at the neutral point of the standard three-level topology in some operating conditions no longer exist. As a result, the modulation strategy of the three main legs of the converter does not have to take care of voltage balance, and it can be designed to either achieve optimal output voltage spectra or improve the efficiency of the converter. Simulation and experimental results are presented to show the viability of this approach both under normal operation mode and in the event of faults.