Looks like the wasp's were having a field day in there.. "Got KO-seals?"

I'm suprised your serving utility in your area wasn't concerned with the "easily accessible" splices before the meters... I'm pretty sure the ones around here (So Calif) would have had an issue with that... (Along with attaching to an EMT riser).... Really lucky nobody was hurt while that entire exterior was energized!! [Linked Image]

-Randy