I have new batteries and a new regulator. According to some of my previous posts and replies (Thanks to all) my stator is ok too. It puts out < 20 VAC and 9 amps at WOT. No loose magnets in flywheel either.<br />My voltmeter, however, continues to read 12.4V - 12.6V. Is this OK? Last year before changing the reg./rect. and batteries, it would normally read 14V or so. Some have said since the batteries are 12.4V they are not needing a charge so 12.4V is OK. I am skeptical. All connections have been cleaned. One fuse in motor is OK. Any ideas? I am Stumped!