Utility requirement or not. There is no way that would pass in this jurisdiction. The lugs would as a bare minimum have to be mounted on insulated standoffs. I would never let a live lug be attached to wood directly. Wood is not an insulator, at best a semi conductor. I once touched a HV transformer from an electrostatic air cleaner with a neon volt checker taped on to a long broom handle and I found out the hard way what a lousy insulator wood and the case for that neon are.
