diff --git a/src/pm_io/psse.jl b/src/pm_io/psse.jl
index d0e5c15..80d5b2f 100644
--- a/src/pm_io/psse.jl
+++ b/src/pm_io/psse.jl
@@ -2135,13 +2135,16 @@ function _psse2pm_dcline!(pm_data::Dict, pti_data::Dict, import_all::Bool)
             sub_data["ac_setpoint_from"] = from_bus["ACSET"]
             sub_data["ac_setpoint_to"] = to_bus["ACSET"]
 
-            # ALOSS, MINLOSS in kW, and BLOSS in kW/A. Divide by a 1000 to transform into MW, and divide by baseMVA to normalize to per-unit.
+            # ALOSS and MINLOSS are constant losses in kW: /1000 -> MW, /baseMVA -> p.u.
+            # BLOSS is kW per DC ampere, so its p.u. slope is per p.u. current, not per
+            # p.u. power: P_loss[MW] = BLOSS * I_A / 1000 with
+            # I_A = I_pu * 1000 * baseMVA / base_kV, giving P_loss[p.u.] = (BLOSS / base_kV) * I_pu.
             sub_data["converter_loss_from"] = LinearCurve(
-                from_bus["BLOSS"] / (1000.0 * baseMVA),
+                from_bus["BLOSS"] / base_voltage,
                 (from_bus["ALOSS"] + from_bus["MINLOSS"]) / (1000.0 * baseMVA),
             )
             sub_data["converter_loss_to"] = LinearCurve(
-                to_bus["BLOSS"] / (1000.0 * baseMVA),
+                to_bus["BLOSS"] / base_voltage,
                 (to_bus["ALOSS"] + to_bus["MINLOSS"]) / (1000.0 * baseMVA),
             )
 
diff --git a/test/test_parse_psse.jl b/test/test_parse_psse.jl
index 34446cb..312cdb9 100644
--- a/test/test_parse_psse.jl
+++ b/test/test_parse_psse.jl
@@ -109,6 +109,25 @@ end
     @test vscline["rated_dc_voltage"] == 150.0
 end
 
+@testset "PSSE VSC converter loss: BLOSS is per-unitized on the DC base kV" begin
+    # BLOSS is kW per DC ampere, so its LinearCurve slope is p.u. power per p.u. current:
+    # BLOSS / base_kV, not BLOSS / (1000 * baseMVA), which is not even dimensionless.
+    # ALOSS/MINLOSS are plain kW and do divide by 1000 * baseMVA. Port of
+    # PowerSystems.jl 11562cc4b.
+    file = joinpath(@__DIR__, "fixtures", "synthetic_v35_vsc_line.raw")
+    pm_data = PowerModelsData(file).data
+    vscline = only(values(pm_data["vscline"]))
+
+    # Both converters carry ALOSS = 1000.0 kW, BLOSS = 1.5 kW/A, MINLOSS = 0.0, on a
+    # 150 kV DC base (the TYPE 1 terminal's DCSET) and baseMVA = 100.0.
+    @test vscline["rated_dc_voltage"] == 150.0
+    for side in ("converter_loss_from", "converter_loss_to")
+        curve = vscline[side]
+        @test IS.get_proportional_term(curve) ≈ 1.5 / 150.0
+        @test IS.get_constant_term(curve) ≈ 1000.0 / (1000.0 * 100.0)
+    end
+end
+
 @testset "PSSE ISW area-slack flag" begin
     file = joinpath(@__DIR__, "fixtures", "v35_area_slack_variants.raw")
     pm_data = @test_logs(