This is a wierd one. Kind of posting for fun, also really stumped. This is going to have to be long to describe the situation, otherwise someone will think I've just overlooked something. A few days ago I went with my boss to check on a panel with some breaker issues. Opened the panel to find water everywhere. Dripping off wires, neutral bars, between breakers, about 1/8" on the bottom of the panel. Breakers were hot to touch (Old GE panel full of 1/2 size breakers). Had the home owner run dehumidifier in the room (finished, insulated, drywalled & carpeted) with the panel cover off until we could make it out today. So today we went to change the panel at the house and there was almost as much water as the other day. Started outside where my boss thought for sure the pvc pipe was bringing in the water. Turns out there is a short piece of pipe through the block with a 90 down and URD run to the disconnect about 200' away in the front. We dug a hole strait down about 18" below the side of the pipe and filled with gravel hopeing to have any water drain down there away from the pipe then filled on top with the dirt to cause the grade to drain the water away from that area. There are wood steps over top of this area and it is surrounded by 3 walls and about a 2' overhang. Thought everything was good. Went inside and removed the old corroded panel and got ready to install the new one. I looked inside the pipe at this time now that all the other wires were out of the way and it was completely dry. Odd? but the main conductors were dripping like crazy. We had to cut some drywall to fit the new panel and fight it up into place while getting all the branch circuits into the panel. For some reason the Neutral was still dripping water (about every 6-7 seconds another drop). We decided to let it finish drying out and get some lunch. About an hour later we get back now it has been probably easily 3 hours since we removed the neutral from the old panel and it is still dripping at the same rate. The pipe is dry, the outside jacket is dry, but still drip,drip,drip. Take paper towels and dry it and a few seconds later another drop is forming. This URD is about 18" down outside, goes up into a 90 into the house. In the old panel it was put into the neutral lug facing down so water wouldn't have filled the jacket. How is this possible? BTW panel board is dry, studs are dry, drywall & insulation above panel is dry, no water lines above or anywhere near, insulation and drywall below panel is wet, drywall is soft. Ideas, hypothis, wild guesses, conspiracy theries? Thanks for reading.