I have run across this only a very few times, and in each case it was a fault between a couple primary windings in the transformer, shorting a few turns in the primary will reduce the pri to sec ratio and raise the voltage on the secondary.
Here they have voltage regulation at the point of use sub stations but not at the transformers serving the local loads, knowing this if you test other service not on the same transformer you can isolate it down to shorted primary turns, if other service are affected that are not on the same transformer then you know its the regulator at the substation feeding the primary high
The last one I came upon was an apartment complex and each 8 plex had its own transformer on the pole, I was getting 144 volts leg to ground and 288 leg to leg, it smoked about 4 furnace motors and a few other items, but I was called out because they kept blowing lamps out, as they didn't realize they had a voltage problem and nether did the HVAC repair guys.
When the line men showed up the foremen immediately started setting up to change out the underground laterals thinking he lost the neutral, I tried to tell him that line to line voltage was also high, he just said so, its the neutral, so I made a call into his supervisor who radioed him to stop, an engineer came out and confirmed my findings and they changed the transformer, and this foreman was sent back to school from what I was told.
But Bob is correct, most electronics today with switch mode power supply's have voltage regulation built in, some can even go from 95 volts to 250 volts with no problems even universal voltage ballast are ok with this (ones rated 120-277 not 120/277) then there are some electronics most likely older stuff that might have a tighter tolerance though, in the above example not one CFL burned out just incandescents, and furnace motors and I think a couple wall warts that had transformers.
I think I made a post about this before back in 2009 or 10?