A DC power system has many loads with various functions. In particular, these sizable loads take the form of power electronic converters. When they are tightly regulated, the loads appear as constant power loads and result in negative incremental input impedance. Under certain conditions the effect of such loads on the power system is causes instability. In this paper, converter with a large storage capacitor and a lag compensator is proposed as a DC bus conditioner to mitigate the voltage transients on the bus. In addition, the proposed control approach has the advantage of performing both the functions of mitigating the voltage bus transients and maintaining the level of energy stored. Simulation and experimental results showed that the proposed control method was operated well in a small-scale DC power system that contained subsystems with constant power characteristics, such as DC/DC converters and electrical drives.