The answer is yes, there is, although not specific to transformer conduits etc. Article 300.5.G.
"(G) Raceway Seals. Conduits or raceways through which
moisture may contact energized live parts shall be sealed or
plugged at either or both ends." This should have been caught by the inspector (assuming it was inspected), when the home was built. It may be that the home predates the transformer installation, so the utility that installed the transformer would bear responsibility.
However, no conduit can be thought of as completely watertight, condensation forms even if sealed. That is why you must use water resistant cable inside. In reality, the installation at the house should have addressed this issue IMHO. The underground feed should have come up the outside wall and entered the building up high with a weather head. That way any water in the feed conduit would just stay there and eventaully drain out when the weather dries up, or worst case, overflow the top of the conduit and not eneter the building. Every basement electrical service entrance I have seen is designed that way, overhead or underground feed.
"Venditori de oleum-vipera non vigere excordis populi"