Xfrmr Voltage

It could be a dedicated isolation transformer. Maybe the load is sensitive to power quality issues.

But based on it being a called an LP panel, I agree with infinity.
 
Another possibility would be to address a high fault current situation but my money would be on Post #2
 
If it is a 480/277 source, then the question is, why is there a transformer to feed a “lighting panel”? You already had 277V for the lighting…
As I mentioned in Post #6, I have seen that fairly often where the available fault current at the 480 panel is extremely high and transfgotmer is added to provide a source of power to address low SCCR or breaker AIC.
 
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