NJ Cowboy:
1st, welcome to ECN
I have never seen a 150 amp rated meter socket (enclosure/pan/hub). They are either 100 amp, or 200 amp usually, although GPU and PSE&G have "specisl" ones (240 amp rated; 300 allowed)
I looked at your profile, & I can't place your town. I think it's "south" by Vineland?. How did you determine the rating was 150 amps?? What brand is the meter socket? Am I correct that you have a 200 amp main circuit breaker panel installed, or is it a 150? What size service entrance conductors do you have??
John