I fly a PA-24-260. My voltage regulator is 3yrs old(Zeftronics), my battery is 2yrs old(Concord), and my alternator is 1yr old(plane power). On two out of the last several flights while flying in hard IMC and heavy rain, the amps on my alternator dropped and the load shifted to the battery for about 2-3 seconds and then everything went back to the alternator. At the same time the volts dropped to 13.1-13.6V, when they normally sit at 14.1-14.2. All of this has been seen and recorded on my CGR30C. In total, this has happened 3 times in the last 12 or so hours of flying and only in hard IMC with rain. Several folks I’ve contacted have said it could be a slipping alternator belt. I checked it the other day and while it seems a little loose per the Lycoming deflection test, it doesn’t seem that loose. Others think that water is entering and negatively affecting the alternator. This may be, but it seems like this would be a more common issue based on where alot of alternators sit. I’ve checked the connections on the VR and alternator and nothing is loose. Has anyone experienced anything like this? Any ideas where to focus?