Metallic and non-metallic nanofillers can be used together in the design of polycarbonate (PC) nanocomposites with improved electrical properties. Here, the preparation of three-phase blend (carbon nanotubes (CNT), silver nanoparticles, and conductive polymer) in a two-step process before incorporation in the PC is reported. First, ethylene diamine functionalized multiwall carbon nanotubes (MWCNT-EDA) were decorated with Ag nanoparticles. Next, the Ag-decorated CNTs were coated with poly(3,4-ethylenedioxythiophene) polystyrene sulfonate (PEDOT:PSS). Due to the high thermal conductivity instrinsic to both metallic and non-metallic phases, it is expected that the thermal properties of the resulting nanocomposite would largely differ from those of pristine PC. We thus investigated in detail how this hybrid conductive blend affected properties such as the glass transition temperature, the thermal stability, and the thermal conductivity of the nanocomposite. It was found that this strategy results in improved thermal conductivity and thermal stability of the material. © 2015 Wiley Periodicals, Inc.