I'm late onto this thread, but it seems to still be open:
In large older apartment buildings, such as in NYC or other cities, the meter banks for 30 or more apartments are typically bugged off of, say, 500 kcmil laterals, (may be more or less) coming off of a large disconnect which is fed from the street.
In upgrading service for a commercial space (or individual apartment in some cases) we have to use split bolts to feed from the laterals. This must be done hot. I have looked at Polaris and Illco products but there doesn't seem to be a comparable product to splice onto a conductor without cutting it. The newer installations have tappable bus bars, or phase blocks. However, in these older
installations we are stuck with split bolts. (There is a product called locally a "bug-bite" which pierces the insulation and
taps in that fashion, but I don't trust it--not sure if accepted by AHJ)