Carl,
Hummm. Can the utility supply an ungrounded 5W, 480Y and let the customer ground it? 250.20B2 would seem to say, "No".
I agree that you can't do that.
Humm, even if it makes a parallel path for the neutral current? Some might consider this unsafe and poor design. But it would be code compliant.
Not only code compliant...code required. There are a number of places where the code requires parallel paths on the line side of the service.
1) if the there is a common metal undergound water piping system it will be a parallel path and it would not be uncommon to find 20% or more of the grounded conductor current flowing on the water pipe.
2) if the building is served by a cable TV system, the coax shield will be bonded at each occupancy making another code required parallel path. I watched as this path started a fire one night. There had been a storm with broken wires and on this one house, the only the grounded conductor in the service drop was broken. The #14 cable bonding wire was acting as the grounded conductor for the house and it got hot enough to ignite the wood siding.
3) underground phone cables also often have a metallic shield that becomes a parallel path.
4) and always the earth itself as the utility always makes a bonding connection at the transformer if there a grounded conductor and if there is also a primary grounded conductor, the two will be bonded to each other. In many cases the same conductor is used as both the primary and secondary grounded conductor.
The CMP requires that these parallel paths be created, but also have gone on to say that the same types of paths on the load side of the service disconnect are dangerous and should be prohibited. I don't understand how the electrons know what side of the service disconnet that they are on, because the CMP seems to be under the impression that the electron behavior changes from one side of the service disconnet to the other.
Don