Customer with existing UF 3 wire 240v feeder to well house only serving 240 volt loads( well pump and small heater). They need a 120v circuit for a water softener. I am thinking I can add a new panel with service disconnect, add electrodes, re bond that bare equipment ground and use that as a grounded conductor for the 120v loads. Code allows a 3 wire feeder if no metallic path back to the source ( 250.32 B2) which this has a plastic pipe between structures. I don't see a specific requirement for an insulated grounded conductor in this case. What say you all?