The modular multilevel cascade converter (MMCC) family has been attracting attention from power electronics and power system engineers because it has been showing considerable promise as one of the next-generation high-power high-voltage/medium-voltage power converters. This paper provides an intensive discussion on power-flow analysis of three MMCC members with star configuration, focusing on dc-mean-voltage balance/regulation and ac-voltage mitigation control of all the floating dc capacitors. Most existing analysis methods are based on single-phase circuits, which make it difficult to derive capacitor voltage regulation/mitigation methods relying only on circulating currents and zero-sequence voltage. The power-flow analysis and regulation/mitigation methods developed in this paper are characterized by applying the αβ0 coordinate transformation(s). The validity of the power analysis and the regulation/mitigation method is confirmed by simulation using the PSCAD/EMTDC software package.