Stasis,
You are absolutey correct..if you are talking about Power Supply Equipment. Dick DV is correct...if he is talking about Motor and Drive voltage ratings.
I will say this one more time. The proper voltage level depends on whether you are talking about a Power Using Device (460 volts) or a Power Suppling Device (480 volts). Yes, 480 IS the normal transformer-supplied voltage in the US, for the past 40 years now. (Prove it to yourself with a simple voltmeter, or read the nameplate on the nearest transformer that is newer than 1965). On the other hand , most motors, drives, starters, etc. are made to run on a nameplate voltage as low as 460 volts. You can verify this by reading the nearest motor nameplate.
The propervoltage level depends on your viewpoint, whether you are "providing" power, or "consuming" power. Remember, Provided power is higher, but Consumer devices are rated to run on lower voltage. That is only common sense, isn't it? Would anybody buy a device that would not also run at lower voltage? 480 Volts is a normal supply, 500 is High-Normal, and above 505 volts is TOO HIGH.
Glen C, the probabilities are great that:
(a)You are located in an industrial area;
(b) There are some plants on the same main power line that have power-factor correction capacitors;
(c) The power company substation probably has some capacitors also;
(d) The power company substation voltage has been adjusted to the correct level for Day Shift operations, with the motors running and the capacitors connected;
(e) At night and weekends, the voltage rises to be way above normal, becasue all the capacitors are STILL connected on-line, but the motors are mostly OFF.
Solutions:
1. Easiest and quickest fix is to change taps on your plant transformer to lower the voltage.
2. Talk to the power company about lowering the suply voltage at night, maybe by switching some of their capacitors off-line after day shift.
3. Install automatic switches on your OWN plant capacitor bank, or install a Variable Switched-Capacitor Bank.
4. Consider installing a Power Conditioner, or a Power Regulator.
5. Install some Voltage Regulator Inductors.