A customer at the far end of a long feeder meters 112 V at the service on a nominal 120 V base. The substation is putting out full voltage and every meter agrees. Is that reading legal, and where did the missing volts go?
It is not legal, and the feeder itself spent them. Lesson 2 sized the drop across a single loaded conductor with Ohm’s law. A feeder is that same physics repeated the whole way out. Every segment carries the current bound for everyone downstream of it, and every segment adds a little impedance, so the drop accumulates with distance. Voltage leaves the substation high and falls the entire length of the feeder, worst at the last customer. That is why the far end reads low while the source reads full.
Two different numbers govern how low it may go, and merging them is a common mistake. The legal one is ANSI C84.1 Range A, which sets the service-voltage window at 114 V to 126 V on a 120 V base. Separately, most utilities hold their feeder design to roughly 5% total drop end-to-end as an internal planning margin. Range A is the regulatory limit the utility must meet at the meter. The 5% figure is a design target, not itself the legal line. A feeder can sit inside a loose 5% rule of thumb and still put a customer below Range A.
Now the hook resolves. The 112 V reading is below Range A’s 114 V floor, so it is out of spec even though it might satisfy a looser percentage guess. For a buyer, an operator, or a planning engineer, the lesson is the same. Range A is the legal window you are accountable for, not the 5% design target, and the last customer on the feeder is where you find out whether you made it. The next lesson covers the tools that pull that far end back up: regulators, capacitor banks, and conservation voltage reduction.
SAIDI and SAIFI targets drive capital planning, and capital planning drives what gets ordered and when. The Feeder tracks the reliability investment and regulatory signals behind those orders, free, every week.