help with the fusible link wire smoking under the dash as i drive

blue with white tracer goes to terminal I on the regulator
green goes to terminal F on regulator

I is the one in the middle top of regulator F is the one on the right.

Blue one also goes through the ballast resistor. Blue one is the power wire that helps control charge. (ign switch) Green one ultimately grounds. It takes both of them to charge properly. In my diagrams back of alt both say field.

Hopefully this helps. BTW what vehicle are you dealing with? year model?