Hi,
Either the PCM is bad or you have a short allowing the alternator to run full power at all times. And yes, the voltage is regulated via the PCM.
I attached the wiring schematic below for the charging system. Check the wiring between the alt, pcm, and battery to make sure nothing is shorted. Also, make sure the connector at the alt isn't damaged as well as at the PCM. Here is a link you may find helpful:
https://www.2carpros.com/articles/how-to-check-wiring
You indicated the battery is at 14v all the time. That shouldn't be. With the engine off, it should be around 12v. With the engine running and a properly working alternator/regulator, it should be around 14v. Let me know about that.
It sounds like you have the potential for a fire, so be careful.
Let me know what you find.
Joe
See pic below.
Image (Click to make bigger)
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Wednesday, July 28th, 2021 AT 10:30 PM