I have 2 old 220 runs where the cable has:
1 black
1 red
Outside wrapped bare
When I put the meter from either black or red to the outer wrapped wire I get 120v and between the black and the red I get 240v.
My new appliances say they work either 3 wire or 4 wire but I don't have that "white" (neutral)? Can I just tie the white and green to the bare cable? It appears that is how the old appliances where connected..?