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We all know that you have to bond a service to the water pipes, but somehow I doubt the NEC had this one in mind! Maybe it's a way to drain the excess electrons out?

Seriously, the spigot was apparently mounted on the side of the meter pan after the pan and the attached service was abandoned, and the attached water pipe was run into the building through the old conduit hole behind the meter. I sure did a double take when I saw this one! The service conduit, weatherhead, and wires are still in place, just dangling disconnected at the street end.

"NJwirenut"