In this paper, a novel approach to determine the model of an ICNL (Independently Controlled Neutral Leg) is proposed. Based on this model, a cascaded control method is developed to provide a steady neutral point connection for a three-phase four-wire inverter and to balance the two DC capacitors voltages of a split DC-bus. Validation of the model is realised by simulations and the control has been tested by experiments. Results have shown good performance even with a high level of neutral current, which demonstrate the ability of the system to work within an unbalanced load or grid.