If you mean regulator, I don't have a regulator on my engine run stand and there are no wires on the generator, nor any voltage coming from the generator posts when test to ground or from when testing post to post.
Just to make sure, I am going to remove the brushes from the generator and start it up and see what my multimeter reads.

1952 5-window - return to "as built" condition | 1950 3100 with a 235 and a T-5 transmission