For a load of 60amps typically you run with #6AWG wire...but due to the voltage drop consideration they have up sized the wire size to 1/0.There is a very good explanation in NEC handbook with an example...
If you look at table 250.122 for OCD device from 60amps to 100amps EGC size is #8AWG. But as you up sized ur ungrouded conductor size from #6 to #1/0 you have to upsize ur EGC conductor as per 250.122(B).Here's a quick calculation i did...
#6AWG in kcmil=26240
#1/0AWG in kcmil=105600
Size ratio=105600/26240=4.024
#8AWG in kcmil=16510
Now you have to multiply 16510 with the size ratio to get cross sectional area of the new EGC which is
16510x4=66040kmcil.
Now look at NEC Chapter 9 table 8 66040 kcmil is lower than 66360 kcmil which is #2AWG.
Hope this helps..


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