My yard has the meter box in an area between my home and the neighbor. There are two homes' meters in the box. As with all homes, the ground is graded so that this border area is lower and water drains away from the foundations of the houses. Thus we found our meter box often had standing water, and it was just from rain water or when we irrigated the surface runoff ended up in the box. No leak at all but it was the moistest spot in the yard.
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Men plug the dikes of their most needed beliefs with whatever mud they can find. - Clifford Geertz
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