The video above may help.
Try this, unplug the two wire terminal at the voltage regulator and let it hang. Run a bypass wire from the battery positive post directly to the terminal on the voltage regulator that the blue wire goes to, jump the green wire in the regulator wiring plug to the post it is supposed to go to. Doing this will bypass all the wiring and connections between the battery and the voltage regulator. start the engine, if your charging voltage comes down to normal, 13.8 to 14.2 with a fully charged battery, you have a bunch of high resistance connections in the wiring. Such as ignition switch run contacts, bulkhead connector terminals, fuse block terminals, etc.