Analyzing the power from the outlet


I've been reading threads on the various methods of power cleaning -- filters, regenerators, dedicated lines, etc. But I don't see a thread that explains a systematic way of evaluating the condition of the power at the outlet. Is there a thread or a link that instructs on how to analyze the power for noise, voltage consistency, etc from the point of view of an audiophile?
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It is entirely possible that you have exposed the pseudo science that many audiophiles thrive on. You are supposed to simply assume that your power needs improvement and then purchase a product to improve it.

A EE friend of mine just shakes his head at the majority of the audiophile power products, but does understand the use of a power regenerator in a county where the power grid is garbage.

My guessis that analysis before and after might yield a change, but it might be difficult to objectively prove an improvement.
Well, I've seen suggestions to validate the outlet voltage is consistently 120 V with a tolerance of +/- 3 V. Assuming the outlet meets that benchmark, that would, I think, obviate the need for a power regenerator. (At least I think that is the function of a regenerator.)

But, as far as the filtering of noise, etc. Does anyone know how to measure the amplitude and frequency of noise without electricuting yourself?

I'm not being facetious. I'm geninuely curious.

On a related note, it's my (limited) understanding that most audio components have a transformer as the first stage from the power input. Doesn't that automatically decouple most of the noise from the power?
There was a thread written here a month ago or so by individuals that are a lot more knowledgeable then myself. I thought they said that there was really no way of evaluating the condition of the power at the outlet or in the line.
Someone please correct me if I'm wrong.