When we moved to our new shop location two years ago, we discovered that the building's service was tapped at 460V instead of 480V. We had quite a few problems with our CNC machines getting cranky when operated at 460V. They would throw seemingly random spindle voltage faults. We figured out that the building's voltage drop at 460V during large motors starting was pulling the service voltage down below low end of tolerance for the machines. It took way too much time with PSEG, but they were finally able to come out and re-tap the service transformer. Raising the service voltage to 480V solved all our faulting issues and as a bonus, brought up the 208/120V loads into spec as well.
Unless there's an articulate-able reason to keep the service at 460V, I'd raise it to 480V.
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