If I were you, I would find either a reprint paper or "on CD" shop manual. The wiring in 73-74 saw changes, and the diagrams from Ma are drawn MUCH different than the older years. Additionally, the ones posted above, while helpful, are NOT complete, nor do they locate the different connectors, splices, etc.
You may have more than one trouble.
First, did this just start happening, or did you just buy the car?
Does the wiring appear factory, or did someone hack it up, or has it been rewired with an aftermarket harness?
So far as a factory situation, over voltage can be several causes
1...ground issues. The regulator MUST be at battery neg. ground. I can step you through checking for that
2...Voltage drop in the igntion harness
3...Bad regulator but rare. These usually either work, or don't
4...Rare, but battery going bad can sometimes cause this.