I was under here a week or so ago and found this accept way worse.
I, at that time, cleaned it all up and tightened up those bolts and this is what reappered in a reletivly short period of time.
This is the back plate of the alt. you are looking at.
My Bus 130.jpg
Looks like its just a simple gasket that is leaking. Find out from Elgin tomorrow.
Anyone know for sure, anybody else make this repair?