Sorry I didn't give more information; this was supplying some outdoor landscape lighting. My main concern was what Randy said, having it rust out and become a danger/eyesore. The pizza was pretty good at least!
At least that's better than what a landscaper tried to do to me once. He ran the LV cable for the sprinkler conrols right over the top of the front porch, and taped it down with duct tape!
I was just poking fun at the nice bends..... Water accumalation is definetly a concern. It should have a 1/4" air gap being in a wet location, although the code only specifies indoor locations. This would be a "common sense" proposal for the next code cycle.
Look in article 300... 300-6 (C) in the 99 code. I don't have a 2002 handy but should be the same as far as I know. Sorry it took so long to reply, I just saw your post.
I brought this situation up in code class on Thursday, and the instructor (a former chief inspector) mentioned the building code would prohibit the installation.