Final answer:
The statement regarding the coverage of electrical hazards by lockout/tagout requirements is true. These safety measures are mandated to prevent thermal and shock hazards during work on or near electrical installations.
Step-by-step explanation:
Exposure to electrical hazards from work on, near, or with conductors or equipment in electrical utilization installations, which is covered by electrical regulation, is also covered by lockout/tagout requirements. The statement is True because lockout/tagout procedures are essential safety measures designed to prevent accidental energization or startup of electrical equipment or to control hazardous energy during maintenance and servicing activities. The Occupational Safety and Health Administration (OSHA) has established guidelines which mandate that these procedures should be applied in situations where workers are exposed to electrical hazards in order to prevent both thermal and shock hazards.
Electrical safety systems and devices such as circuit breakers and fuses are employed to interrupt excessive currents, thereby preventing thermal hazards. The three-wire system is in place to guard against both thermal and shock hazards by utilizing live/hot, neutral, and earth/ground wires. The purpose is to ensure that the case of the appliance and the neutral wire are grounded to reduce the risk of electric shock.