Thanks dbansal for the bump.
Here is what I have decided to do:
I ordered a new Voltage Regulator from Pelican Parts ($37.50 as of this writing). The part should be here by Friday, just in time before the weekend.
They have a great article on alternator replacement at Pelican parts that I will follow to extract the alternator from the vehicle and take it to my local Advanced Auto Parts to see if they can test it with the existing regulator. If it fails and it is indeed the voltage regulator(I hope they will be able to tell me this?), I will switch it to the new Voltage regulator and take it back again for a test just to be sure. If it passes, then I will proceed to install the alternator with the new regulator back in the car and test it for work-ability. If not, then I will purchase a new/rebuilt alternator and install that in the vehicle and test it. I hope there isn't anything else that I am not seeing/understanding.
If anyone has done it and can provide me with any tips and/or stories from their experience that can benefit me, please post up, I would really appreciate that.
Thanks again,
Amit
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