At a commercial restraunt they have an existing 5.5KW 240 volt electric deep fryer that has a 3 wire 30amp cord on it. The unit has a rotary dial with different heat settings and an indicator light to show when it's on. I opened the back and found the two leads from the heating element connected to the two hot leads from the cord and the third wire bonded to the case. My question is when instsalling a new 3 prong receptacle should the center terminal be considered an equipment ground or should it be installed as an insulated neutral? Unlike an electric motor which would not require a neutral, shouldn't the center lug be considered a neutral if for no other reason the indicator lite(as minimal as it may be) is still only 120volt.