Yes, and you might never know it's energized till you stand outside the home turning your outside water on or off.
rcmoon, you might try to remember these rules where developed over a 100 years by 1,000s of qualified people. Now you come along and think you know better. Do you not see an issue there?
Experts in the field like Mike and others find/have numerous issues with the current and past codes. So anyone with knowledge in the field knows all codes are not perfect. Unlike some of you I don't consider myself an expert in the field but I've been in the field for 35 years so I have extensive knowledge in the electrical field.