I got myself a good ol' chunky linear power supply at a yard sale. The output is marked 13.8V/25-27A.
Switching it on made a spectacular bang with lots of thick white smoke. No biggie, just a large cheap old dead capacitor to be replaced with a new one. Only one out of six had blown, but while I was in there I replaced all six for good measure. It now turns on and works like a charm. Not a ripple to be seen with my oscilloscope.
However. The voltage is much too high, coming it at around 25.6 volts. At first I thought it was because it was unloaded, but attaching an 8.2 ohm power resistor as a load still showed 21.6 volts across the resistor. Am I missing something obvious in my troubleshooting?