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The NEC requires that each dwelling be served with a minimum of 100 amps. Also I am taking that this is an older building that does not have a separation wall of 1 hour rated or more fire wall. This means that you must install main service disconnects outside by your meter base. Install a ground rod and a PVC conduit up to the meter base connecting the ground rod by grounding electrode conductor to the meter base. Then a nipple out both sides of that double gang meter base to each of the two main serivice rated weatherproof disconnets. Then install either a 4 wire 2 awg SER aluminum nonmetallic sheathed cable or a 4 wire 4 awg copper nonmetallic sheathed cable or conduit containing 4 - 4 awg copper or 4 - 2 awg aluminum conductor inside each conduit to each nonservice rated panel [aka sub panel] inside each apartment.
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Ok, I understand this to mean that outside the house there's a two gang meter base, which is a meter base that can accommodate 2 meters, and from each meter there's a conduit containing 4 - 4 AWG copper conductor. One of these feeds one panel, the other feeds the other panel.
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Remember the neutral bar of that sub panel inside each apartment must be isolated from teh metal frame of the sub panel and also isolated from the equipment grounding bar. After the main service rated panels or disconnects in your condition located outside everywhere on the load side of those main service rated disconnects must have the neutral and grounidng separated.
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Ok, the sub panel appears to do this: the neutral bar is mounted on a plastic strip, so it is not in contact with the metal frame. The grounding bar is in contact with the frame.
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Remember no breakers are allowed installed in a panel of disconnect inside a closet or bathroom. YOu also must maintain 30" dedicated space on the wall for that or those panels or disconnects and you must maintain 30" dedicated clear approach from ceiling to floor in front of that or those panels in existing buildings.
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Ok, so it seems I have to scrap the plan to install the sub panel in the closet. The new sub panel will be on the wall almost right behind the meter base. The existing sub panel is in the basement in the same location, but one floor below. This will make it easier to splice the branch circuits to the new sub panel. The new conduit will connect to the new sub panel, which is on the ground floor. The existing conduit will connect to the existing sub panel. Also, what do you mean by 30" of dedicated space? Is it 30" from every edge of the panel? A 30" radius from the center of the panel?
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You need to take the existing branch circuits serving that second dwelling out of that existing panel and make your junctions in a junction box not inside that existing panel to reroute you branch circuits for that second dwelling apartment's sub panel.
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There are a total of 18 spaces (4 double pole plus 10 single pole). Do each of these circuits need a separate junction box? Can it be done in one large junction box?
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I would build the entire new meter and panel system and install branch circuit wiring to the point planned to make the junctions. Including installing a conduit and feeder to the location of the existing panel from the meter READY TO CONNECT. Then cut off the power and make the final connections. Then get your inspection approvals and re-energize your new service.
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How can you install a new 2 gang meter base and connect the conduit and feeder without taking out the existing meter base? My understanding is that the electric company will only install the additional meter and base once all the connections are made indoors and approved by an electrician.
Thank you very much for your advice.