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Does the code allow GFCI receptacles to be installed to replace a two wire ungrounded receptacle and would it offer sufficient protection?:-?
It would offer more protection then the current two wire system but a GFCI device used this way is still not a substitute for grounding.
Not a substitute for grounding,,,,,I'll agree with that.
But is it any less safe than a grounded GFI?
Is it less safe than a grounded 3 prong outlet?
The GFCI is there for "protection for personnel".
It may help the equipment but thats not its purpose.