No, certainly not good. I'll bet the POCO is unaware of the situation and will fix it whenever they get around to it. I came across something similiar awhile back. The water that was being channeled from the gutters to the street had eroded the ground directly underneath the pad mount transformer. I suppose its a matter of time before it shorts out.
Those fiberglass transformer pads are very popular around here and usually do very well. The problem is, the site developer goes in and sets up streets, lot lines, and utility placements. Everything is done correctly, cables are buried at their proper depths and the transformer pads are level and secure.
Builders buy these prepared lots and then start carving them up based upon homebuyer requests. Next thing you know, you have a transformer and telephone pedestal on it's own island of dirt. Builders are too cheap to pay for the utility companies to rearrange their equipment. They just build up the island into a mini-mountain.
I'll bet that the primary loop serving that transformer is about one inch below the surface of the driveway to the left of it. Then, two years later, the home owner planting bushes digs into a 7,200 volt primary with a hand spade.
[This message has been edited by EV607797 (edited 01-15-2007).]