1970 Chrysler Newport over charging

Hey Everyone,

I am working on my latest 1970 Chrysler Newport 2 door. Currently the battery is charging around 15.40 volts. The epoxy backside of original firewall mounted voltage regulator showed signs of melting (see attached picture), so I replaced it with a new unit also seen already installed in the picture.

Can anyone give me some tips on what to check next? I understand the battery should be charging around 13-14volts.

I may try trying another voltage regulator under the chance...

1970 Chrysler Newport over charging
Author: kingbowl93