I was just at a house that had two 200 amp panels, side by side and an 100 amp panel beside them (fed from one of the 200A panels ). I notice three conduits going outside. One going into one of the 200A panels and another going into the other panel. Then there was another going into one of the 200A. I ask the home owner about it and he said the electrician said it was heat/vent. Now this was not the panel that was feeding the subpanel either,which it should not matter. I never heard this before or seen it before. I would think birds or mice would get in. I checked outside and this conduit was sticking straight out, no cap or anything.