Is this correct

Can any one tell me if this is correct and what it is I found it on a electrical service

Another pic of the same thing
Thanks for your help

IMG_0040 (WinCE).JPG

IMG_0040 (WinCE).JPG

Some primative surge protector? It is at the service point so I would ask the utility about it.

If that connection is burned then I would say it is a defective surge suppressor.

Thank you Joe and Greg. I have never seen one before