What a great Idea! Service drop doubles as a rain water collector. I'm sure the energized wires helps to sterilize the water too. Those wires are live arent they?
I did not take the picture so I can not provide any real details.
A home inspector took this picture and included it in his report calling this 'service' out for evaluation.
He got a call back.
Quote
Received a call from my client today stating that the seller's agent had someone who was a retired inspector for the city and he said this is alright and there is no need to fix this item.
Call me picky I think this should be fixed.
Bob
Bob Badger Construction & Maintenance Electrician Massachusetts
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LOL 
