I have to disagree on that.
Simple 200 amp 480/277 wye service can have service point be at the point of attachment of service drop conductors. That puts the metering and cold sequence disconnect all on load side of service point and subject to NEC requirements. The POCO will put a lock/seal on the cold sequence disconnect and the meter socket, but they are still customer owned and likely maintained at customer expense equipment, you just have extra involvement with POCO to be able to break the seal that is providing tamper evidence for their cash register that is plugged into the meter socket.