It could have been a bad ground (maybe) or a bad battery cable (if the power has nowhere to go it "backs up" and fries things in it's path) or as Guy suggests it was just plain "old age".
However, it could also be a "stator gone wild", at least the "charge bobbins".
Now, you could simply replace the regulator (rectifier) and try it out again.
IF... if it is the stator two things could happen - 1) you fry your new regulator and 2) it may take out rest of the stator (ignition bobbins) and also take your trigger with it.
(sorry, this is an EFI - could take out your engine computer - that's even worse than a trigger $$$$$$$$)
If the charge bobbins are the culprit you will have to replace the whole stator anyhow, but having it tested (need a DVA meter or a DDT terminal) might save you yet another regulator and a trigger to boot...