It has been used as the standard in many industrial plants for at least 50 years, I know. Most things in industrial environments tend to be oversized, often to allow for possible future upgrading of a load without having to pull new cable. The other reason given is that 3/c #12 w/gnd is a bit more rugged than #14 in physically challenging environments.
Well possibly, but distances are not as far as you might think given that power is usually distributed at a medium voltage such as 13.8 kV to each area where local substations step it down to 4.16 2.4 kV and 480 for use mostly by motors.I would also guess that as commercial/industrial properties are far larger than residential, spec'ing #12 gives you a little cushion for voltage drop.
480 volts gives you a pretty good cushion for voltage drop compared to 208-240 and even bigger yet cushion then 120 volts.I would also guess that as commercial/industrial properties are far larger than residential, spec'ing #12 gives you a little cushion for voltage drop.