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Voltage Regulator on 2000 Formula Deluxe

P
Dec 1, 2007
134
9
18
My sons 2000 Formula Deluxe's 380 headlight and taillight are very dim, I checked voltage at the regulator harness and have about 11.8 volts DC across the yellow/black and yellow wire, and the same across the red and black wire while the VR is plugged in. If I unplug the VR and idle the machine, the lights are extremely brite and I am getting 11 - 20 volts AC across the yellow/black and yellow wire. Does this mean my VR is bad?
 
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