I will agree and disagree with your electrician.... I think there may be a confusion of terms being used... a power regulator, an electrical appliance that is designed to provide a constant (regulated) voltage to the attached equipment is overkill for most modern electronic audio equipment, AND, according to one online "rag" was actually detrimental to the audio equipment in that it produced more EMI noise than it reduced, and failed to improve the performance of the equipment. If he is referring to a power regulator, then I agree with his position.
But electrical noise, RFI and EMI, is produced through out the world, and it is those sources of noise that need suppression, or elimination, through a power conditioner. This is especially for TV's, but all audio equipment, as well as computers and other electronic items, can benefit from the reduction of electrical noise. RFI and EMI noise is on the increase as more electronic devices are put into service, and as the existing equipment ages.
A power conditioner is not a power regulator, nor is a power conditioner an Uninterruptible Power Supply (a battery device hooked up to computers etc for continous power in the event of failure of commercial power).
A power conditioner, as we are using the term, is a device that limits RFI and EMI noise that is generated within your home, or community, from entering the components that are attached.
The RFI and EMI noise is heard as pops, hums, crackling, snow, and buzzing. If significant RFI/EMI noise is present, equipment, especially speakers, can be damaged. Most modern electronic devices have built-in noise suppression circuits which were designed to handle noise generated by its own internal circuits, as well as common components normally found in close proximity to the unit, but these circuits are not specifically designed to handle the noise generated by your old central AC motor kicking on and off every 3 minutes, or the noise generated by your neighbor's ham radio operation, or the electrical noise generated by a lightening strike 100's or even 1000's miles away.
Typically a power conditioner is built into a surge protector, and the combined component can be purchased for well under $100, with many units even under $50.
By the way, my office computer generates such great EMI noise that the office TV goes ape $hit every time the computer is started up. The TV is one of those little $89 color TV's. Sure spending the money for a power conditioner seems like a waste of money for such an inexpensive TV, but I had a spare unit laying around. Solved all the problems.