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"Completely burnt out the condenser." Have to assume you mean the condenser which keeps the contacts from burning. Are you grasping for answers or know that the condenser failure is related to an OD situation? What was the charging voltage when you installed the new generator/regulator and what is it now? That voltage is sensitive so that knowledge is important. Have you verified that the OD solenoid is operating correctly and the primary coil of the solenoid is/isn't switching out after the solenoid actuates.