The alternator should produce between 14 and 14.5 volts. As current is drawn, it will compensate a bit. Since current is always being drawn, the gauge will read a bit lower. When you turn on an accessory, it draws more current. If the alternator cannot compensate, as in the accessory is a higher-amperage item like a blower, you'll see a voltage drop.
For people with a power pulley, I'd recommend a higher amperage alternator.
I realize that you know this, but maybe it will help future readers.