Abstract: We reexamine the regularization of the two-point function of a scalar field in a Friedmann-Lemaitre-Robertson-Walker (FLRW) spacetime. Adiabatic regularization provides a set of subtraction terms in momentum space that successfully remove its ultraviolet divergences at coincident points, but can significantly distort the power spectrum at infrared scales, especially for light fields. In this work we propose, by using the intrinsic ambiguities of the renormalization program, a new set of subtraction terms that minimize the distortions for scales k less than or similar to M, with M an arbitrary mass scale. Our method is consistent with local covariance and equivalent to general regularization methods in curved spacetime. We apply our results to the regularization of the power spectrum in de Sitter space: while the adiabatic scheme yields exactly Delta((reg))(phi) = 0 for a massless field, our proposed prescription recovers the standard scale-invariant result Delta((reg))(phi) similar or equal to H-2/(4 pi(2)) at super-horizon scales.