The PCM monitors the battery voltage and adjusts the alternator output via PWM signal to a transistor inside the alternator which switches the field current on & off. The default is set to 80% or 14.94 volts. I think the PCM monitoring and control function is regulating the voltage well on your Lesabre because the PWM signal is maintaining close to 14.94 volts. In reference to should the voltage decrease after a period of driving? Actually, the battery voltage would 'naturally' increase with driving time because the battery's internal resistance increases as the charge % increases. But since the PCM is doing a really good job is regulating the voltage, it backs off on the PWM output and holds a very respectful range between 14.9-15.0 volts.
I (personally) am accustom to having the ability to adjust the voltage regulation. Unfortunately (I've recently noticed) in the GM P04 PCM O.S., the PCM program does not include a tunable parameter to adjust the % commanded duty cycle. I have seen on some of the newer GM PCM programs where this parameter is available. That being said, I think the 80% (14.94 v setpoint) is fine. Especially on the 00-05 LeSabre where the battery is located under the back seat. The point being; there is some cable length between where the PCM is sampling the voltage and the battery, so, there might be a slight amount of voltage drop at the battery.
Commanded Duty Cycle.
10% 11.00 V
20% 11.56 V
30% 12.12 V
40% 12.68 V
50% 13.25 V
60% 13.81 V
70% 14.37 V
80% 14.94 V
90% 15.50 V