A per Bob Keis.
About "isolated grounds". There are no such things and there cannot be such things. I know they are out there, and I know some of you make the installation under the guidance of the design engineer, or because the electronic guy said it had to be this way or else. I will repeat, THERE ARE NO SUCH THINGS AS ISOLATED GROUNDS.
You will probably find that there is no particular continuity to what I am about to start on. There is no easy way in 20 words or less to do this. So, lets just start. Section 250.146(D) covers "Isolated Receptacles". This section address the IG grounds and states in part; "The receptacle grounding terminal shall be grounded by an insulated equipment grounding conductor run with the circuit conductors." Let's look at this sentence first. The insulated grounding conductor is to run with the circuit conductors --- How can it do this if it goes to a water pipe, or a separate ground rod someplace?
Next sentence "This grounding conductor shall be permitted to pass through one or more panelboards without connection to the panelboard grounding terminal as permitted in 408.20, Exception, so as to terminate within the same building or structure directly at an equipment grounding conductor terminal of the applicable derived system or service." This sentence tells you where the insulated ground is to terminate. How can it terminate within the same building, on the grounding terminal of the service, or the separately derived system (transformer), if it goes somewhere else?
"Section 250.4(D) (5) Effective Ground-Fault Current Path. Electrical equipment and wiring and other electrically conductive material likely to become energized shall be installed in a manner that creates a permanent, low-impedance circuit capable of safely carrying the maximum ground-fault current likely to be imposed on it from any point on the wiring system where a ground fault may occur to the electrical supply source. The earth shall not be used as the sole equipment grounding conductor or effective ground-fault current path." This section requires a low impedance fault return path. The only way to achieve this is to have the equipment ground wire in the same cable, or raceway with the circuit conductors. You cannot separate current flow and maintain a low impedance, it is impossible. Notice one more thing in the above statement. The fault return is go back to the electrical supply source, not where else.
Where do we ground equipment? And yes, electronic equipment is equipment under the code and must comply with all the rules. I know some electronic people think they are special, and are exempt from certain aspects of the code, but believe me they are not. They must follow the same rules as the rest of us. Section 250.6(D) contains the following statement: "(D) Limitations to Permissible Alterations. The provisions of this section shall not be considered as permitting electronic equipment from being operated on ac systems or branch circuits that are not grounded as required by this article. Currents that introduce noise or data errors in electronic equipment shall not be considered the objectionable currents addressed in this section."
This next section tells us what we are to ground equipment to. Believe it or not, no equipment goes to a ground rod, and no equipment whatever is ever connected to a ground rod to ground it. (Yes, there is an exception for 'supplemental grounds') Section "250.4(A)( (3) Bonding of Electrical Equipment. Non-current-carrying conductive materials enclosing electrical conductors or equipment, or forming part of such equipment, shall be connected together and to the electrical supply source in a manner that establishes an effective ground-fault current path." The electrical supply source is the system from which the circuit originated, actually the supply neutral.
Remember this statement: When the code requires a piece of equipment to be grounded, it is grounded (bonded really) to the system grounded circuit conductor, the neutral. It is never connected to a ground rod, a water pipe, building steel or anything else. It goes directly to the system grounded circuit conductor. (in the case of delta systems it goes to the grounded service equipment).
Then, we ground the system grounded conductor, the neutral, to earth, no equipment to earth, the system neutral to earth. Stop for a minute and consider where you put all the equipment grounding conductors at home. Most of you wired with Romex and the bare ground is landed directly on the neutral bar in the main service disconnect. Not in a subpanel, but at the main itself. Then you grounded the neutral. Thus all the equipment in you house is grounded to the neutral, just like is supposed to be.
Remember this also, the code requires a low impedance ground-fault return path for fault current. In order to obtain this, we must keep all the circuit conductors and the equipment grounding conductors in close proximity in the same raceway or cable. The is also required in "300.3 (B) Conductors of the Same Circuit. All conductors of the same circuit and, where used, the grounded conductor and all equipment grounding conductors and bonding conductors shall be contained within the same raceway, auxiliary gutter, cable tray, cablebus assembly, trench, cable, or cord, unless otherwise permitted in accordance with 300.3(B)(1) through (4)."