250.30 (1) states that basicaly that a Main bonding Jumper (MBJ) will be located at 1 point between the trans. and the 1st disconnect, inclusive. the transformer and the 1st disconnect (usually a pannel)with a netural and ground conductor installed between. People in my company and the inspector seems to think that this is normal pratice and is acceptable. I think its disastourous. My question is about exception 1. It seems what this means is that bonding is allowed at both points but there will be only 1 grounded conductor and no grounding conductor installed and if a conducting raceway is used the continuity of this raceway must be broken as to not create a parallell path for grounded condutor current. Is this correct thinking??