(I hit the wrong button! sorry)
You cannot use the "High Leg" as though it was any other phase conductor.
You must use a breaker rated for 240 volts, not one rated 12/240 volts. The voltage to ground is in excess of 120 (or 150 ) volts
You cannot use it to feed a typical furnace of A/C unit- they are rated for 12/240. NOT voltage to ground in excess of 150
Feeding an air-handler with a control transformer (as most small units have) with voltage in excess of 150 V. to ground requires you to provide a grounding electrode, connection to the secondary of transformer, etc. etc. Not likely to happen in a typical installation. And would require rewiring the Air Handler- in violation of the listing.
In our (North West Florida) area, the "High Leg" is designated fby the utility for use on three phase loads ONLY. That transformer is only capable of 87 1/2 % of its capacity due to the (mysterious) way t generates the third phase. It is under rated, AND undersized. The utility will tell you NOT to use it for single phase loads.
The NEC will limit the way you use this 208 volts to ground.
The bigger question is why take the High Leg and a phase to a sub-panel. WHEN THEY CANNOT BE USED??
Lynn Adams
_________________________
Lynn Adams
Chief Electrical Inspector, Escambia County
IAEI_Panhandle Division