Huh? :-? Not to butt heads with you, but I would have to say that exposed conduit offers far more protection for wire than exposed SE cable.
No problem. My head can use a bit of butting every now and then. :smile:
There are two different discussions mixed here: One is old, worn SE vs new SE, the other is SE vs conduit.
I was saying that the exposed neutral strands are not a hazard. Occasionally, I'll get a call about this, and explain that those strands are directly connected to the meter encosure. I'm happy to replace the cable if they still want to, as long as they understand the non-issue.
Of course, conductors inside conduit are more protected than conductors inside cable. But, the touch hazard is no greater with an exposed neutral. Even if the conduit is not a CCC, it's firmly bonded to the neutral at the meter hub. Any voltage drop on the neutral is on the conduit.
I like to remind people that conduit is as much about protecting the environment from the wiring as it is about protecting the wiring from the environment. This was especially true in the early days of electricity. Look at Chicago; their concern isn't wire damage, it's fire damage.
SE cable is the norm around here. Most residential services with conduit are those which require masts. There are plenty of apartment buildings and commercial buildings that have SE cable from the POA to the meter, and many with SE (or SER from the disco) to the panel.