An aircraft braking system includes a brake disk stack (22) that has at least one brake rotor (26) rotatable with an aircraft wheel (16) and at least one brake stator (24), at least one actuator (36) movable in response to a braking command to compress the brake disk stack (22) and slow the wheel (16), at least one actuator motor (32) operably connected to the at least one actuator (36) for moving the at least one actuator (36), a generator (40, 82, 100) having a generator rotor (42) and a generator stator (44), the generator (40, 82, 100) being operably connectable to the aircraft wheel (16) such that said generator rotor (42) rotates when the wheel (16) rotates, and a controller (50) electrically connected to the generator (40, 82, 100) and the at least one actuator motor (32). Also a method of generating electrical power from an aircraft wheel (16).