Distributed power systems (DPSs) has been widely used various industrial/military applications due to their various advantages. Furthermore, the "All electric" concept, in conjunction with DC DPS, appears to be more advanced and mature in the AEV(All-Electric Vehicular) industry. Generally, AEV carry many loads with varied functions. However, there may be large pulsed loads with short duty ratios which can affect the normal operation of other loads. In this paper, a converter with spilt capacitors and a simple adaptive controller is proposed as a active damping device to mitigate the voltage transients on the bus. The proposed converter allows the smaller capacitive storage. In addition, the proposed control approach has the advantage of requiring only one sensor and performing both the functions of mitigating the voltage bus transients and maintaining the level of energy stored. The control algorithm has been implemented on a TMS320F2812 Digital Signal Processor (DSP). Simulation and experimental results are presented which verify the proposed control principle and demonstrate the practicality of the circuit topology.