What does "4 below 12000" mean in regard to a transformer primary?

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Calrissian45

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Location
Southern California
Occupation
Electrical Engineer
I've asked a customer for the nominal voltage on their distribution system and all they'll tell me is to specify a transformer that is "4 below 12000." I haven't heard this jargon before so I'm not sure if he's referring to 4 taps below 12 kV or 4% below 12 kV (i.e., 11,520 V).
 
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