Here is a description of how the regulator works:
"The regulator is the brain of the charging system.
It monitors both battery and stator voltages and depending on the measured voltages, the regulator will adjust the amount of rotor field current to control alternator output.
Regulators can be mounted both internal or external. Current technology uses an internal regulator."
So, if the regulator isn't damaged, but is producing a too-high voltage, it is probably because it isn't correctly measuring the battery or stator voltage, and is driving the voltage high because it thinks the battery voltage or stator voltage is low.
Is your battery connected correctly to the alternator?
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