@Greasytrucker has suggested most likely solutions as well as other suggestions by membersany ideas @bugsymike?
One that may be worth looking at is to remove original battery and try a donor battery as I have seen batteries that are so duff they cause similar issues.
As @koalar suggests, if it is the regulator/diode pack they can be a cheap solution on many alternators, the only issue I have found on newer ones is the electrical connections are not soldered inside the alternator but "spot welded" presumably for cost and speed of production, but it makes repairing a lot harder
If the brushes are part of the regulator pack, one of the warnings as the brushes get old/worn down is when it was working you may have noticed occasional battery light flicker on whilst driving at night.
Hopefully they are just push on spade connectors, but not always.
If all else has been tested then it may be advisable to take the alternator to a good "old school" auto electrician to run it up and test, he can then give you a quote for repair and if to expensive, you can always pay him for his time and go another route.