The regenerators do not filter AC power. They do what they say they do- its regenerated.I had the PS Audio PPP, P5, and P20. The problem, for me, with all of the regenerators (including the P20) is that they add noise. If you think about it, it makes sense: the act of creating a new signal cannot be noiseless. Now, if that new noisy signal is less bad than your incoming AC power, that's fine. In my case, my wall power is not bad (~123V and ~2.5% THD). With a highly efficient horn system, I could definitely hear the noise the P20 was generating. It is also not really truly "regenerated" - it is generating based on what's being input. That's why the output depends on the input quality.
Also, none of these isolate between/among outlets. Components dump dirty AC back onto the circuit. The Power Plants do not filter that.
I switched to Shunyata Denali v2 and have been much happier.
A power supply converts the AC line to a DC Voltage which is then used to power a low distortion 60Hz oscillator whose output is applied to an amplifier which powers the output of the device. In this way noise on the AC line is not transferred to the output.
The amp uses a substantial amount of feedback so it can react to noise injected onto its output by reducing or removing it entirely.
What sort of noise did you encounter? I used the P20 at AXPONA a few years back and it worked extremely well maintaining line Voltage (always a problem at shows) and was very good at eliminating a substantial spike that randomly occurs in that venue. The speakers I was using were only 98dB but our system was very well behaved- nice and quiet.