Adjustable-speed drives involve common-mode voltages, which generate common-mode currents flowing to the ground through stray capacitances of electric machines. These currents are known to provoke premature motor-bearing failures, as well as electromagnetic interferences disturbing neighbor electronic devices. Furthermore, high-voltage applications involve high levels of these conducted emissions, which must be lowered by using bulky and expensive filters. This paper aims at elaborating a new pulsewidth-modulation (PWM) strategy in order to reduce the common-mode currents generated by three-level neutral-point-clamped inverters. The proposed strategy also provides the ability to balance the neutral point of the dc-bus capacitors. Experimental results both in time and frequency domains confirm that the new PWM improves the electromagnetic-compatibility behavior of the drive compared with conventional strategies.