I bought an older house/cottage which has 2-wire service from the utility pole. My panel is a Cutler-Hammer model which has 2 60-amp breakers (connected with a bar) as the main disconnect. There is also a 240v electric range wired to the panel.
How is this possible? I have read that 2-wire service only allows for 120v service. The range is connected as follows: a red and a black wire connected to a twin breaker (looks just like the main disconnect), and a white neutral connected to the neutral bus.
What kind of service do I have? 60A or 120A? 120V or 240V?
Thanks