In particular a steam cycle with two bleedings is analyzed, neglecting heat losses and pressure drops in the boiler and considering irreversibility only along the expansion line of the steam turbine and into the feedwater heaters. The efficiency and the work of the regenerative cycle are compared to the analogous values of the CHC cycle composed by one simple steam cycle (HEC) and two heat pump cycles (RCs), with steam as the working fluid. The two reverse cycles are considered completely reversible and raising heat from the condenser temperature to the bled steam condensing temperature. The paper shows the most significant results of the study in order to analyze the regenerative cycle and the CHC cycle in comparison with the non-regenerative Rankine cycle; in particular, the analysis is focused on the evaluation of the useful work, the heat supplied and the heat rejected for the examined cycles.