Hopefully I can clarify the neutral vs. ground thing -
The NEC is sometimes hard to understand, and this subject is no exception -
First, you can't have a complete electrical circuit without a complete path for the electricity to flow thru, so
A 120 volt circuit's complete path is from the "hot" 120 volt (black wire) through the device, then back to ground through the NEUTRAL wire ONLY. The third, (green) wire is a SAFETY ground, which should draw ZERO current unless there is a FAULT in the device being powered, or in the wiring.
NEC uses two "suffixes" to sort this out - groundING is used to denote the SAFETY ground, and groundED (neutral) means that, although that conductor is attached to the SAME LUG in the panel as the GROUNDING (safety) wire, the groundED (neutral) wire is the ONLY wire that should be carrying current.
All the above is for a 120 volt circuit.
240 volt -
Your electrical panel has two "buses" - the two rails that connect each breaker to the incoming power.
Both of these "buses" will measure 120 volts to ground, but, since we're dealing with sine wave AC power, one bus will be at its NEGATIVE peak at the same time the OTHER bus is at it's POSITIVE peak voltage. In "tech speak", the two busses are 180 degrees out of phase.
This means that if you connect a meter or device between BOTH of these buses, you will get 240 volts AC.
It ALSO means that, with NO OTHER WIRES, you would have a COMPLETE CIRCUIT for your 240 volt device, and IT WOULD WORK.
Soooo, for a 240 volt circuit, the only use for the third wire is the same as a 120 volt circuit's GREEN wire - SAFETY. Or to put it another way, a 240 volt circuit has ZERO wires that are both groundED and still (normally) carry current.
Newer code, among other things, takes into account newer (smarter) devices such as smart stoves, which need 240 volts for adequate power but ALSO have electronics that want 120 volts - this brings up the 4-wire 240 volt part -
Instead of just two "hots" for 240 volts and GROUND for safety, it also supplies a SEPARATE NEUTRAL for a SEPARATE return. This new NEUTRAL is used as a return for any 120 volt parts of your "smart stove" - typically electronic controls, etc.
This arrangement satisfies ALL requirements - you still have a ZERO current GROUND for SAFETY (for both 120 and 240 volt stuff), and a groundED neutral return for 120 volt circuits, which DOES have current flow.
And yes, both ground wires and neutral wires connect to the same lug at one point (in the panel) - but ONLY THE NEUTRAL should be flowing current, or you have a PROBLEM.
Hopefully I covered things understandably - but since these types of threads usually go on forever, I'm sure that eventually it'll get sorted out :thumbsup: ... Steve