This is a fairly common problem with pac games after all these years. Its called Hum Bar.
It is AC that is getting around the regulation of the board due to a bad or resistive connection on the 2 AC inputs to the board.
One is 14 volts ac, the other is 7volts ac.
Try to wiggle the board edge connector and see if the problem goes away, the power pins on the edge connector and the connector itself is frequently burned and crispy. If so, then repair your edge connector on the board and or replace the edge connector pins on the wiring harness.
If you are good at soldering, replace the entire edge connector with a new one.
I have done this on a Ms Pac that was giving a lot of grief with resetting or locking up,etc.
The other neat fix is replace the fuses with new ones that aren't corroded and replace the 4 fuse holders in the bottom of the cabinet with new ones. The originals are brass and will be well tarnished by now and provide resistance that causes this very problem.
New fuse holders will work wonders.