Sounds like generation, these "dead" batteries do they still holds charge or are they "shagged".
You need to do some tests,
you need to check for continuity of the generator coils, 4.9 ohms between the green and white leads and about 6.5 ohms between any yellow lead if you anything wild you not generating,
you could do a diode test on each of the six diodes in the rectifier, and dead ones means not rectifing,
Not sure about regulator, the older mecanical ones, clean the points inside, if you have a newer solid state, theres not a lot that you can do other than replace it