Interesting reading and brings back some memories.
I will throw this out there as it may be related or not. I came across a similar sine wave signature years ago but only on one current phase.
Our RPM PQ analyzer was attached at the service entrance to an office building. According to them they were experiencing many brownouts.
I ignored this distortion and figured it was instrument noise. When returning to pick up the recorder, I evaluated the 2 weeks of data and noticed many sustaining dips in the voltage throughout the two week survey.
In scope mode the distortion was still present, I quickly swapped the CT's and it was still present.
The report was forwarded to the utility company by the customer and we were told they would follow up.
About two months later, we were called to the same location to follow up with an infrared survey, visual inspection, etc.
The customer had mentioned to the team that his utility bill has also been increasing. The guys were able to access the CT cabinet (tag no padlock) and documented the secondary current from the utility Co CT's and compared the ratio current to actual and found 3X more current on the B phase CT than A and C.
We instructed the customer to contact the power company with this information. Unfortunately this internet company went out of business shortly thereafter and we never found out what happened.
This got me thinking that perhaps the distortion on the B phase may have been noise contributed by the failed revenue CT or was it a coincidence?
While reading these posts it got me thinking. Anyone think this is possible?