This paper presents an approach to replace the conventional excitation system (AVR+PSS) with a nonlinear voltage regulators derived using synchronizing and damping torque analysis. Now-a- days a keen interest has been developed in designing nonlinear exciters to provide a good dynamic performance in the complex environment of a power system. A feedback linearization technique is used to design two nonlinear controllers that uses nonlinear control laws for derivation and analysis. The performance of two regulators are tested for different operating cases on linearized model of Heffron Phillip’s model has developed and the synchronizing and damping torques are analyzed to study the nature of small signal stability