So I have the Blue Shed back weather tight. Tomorrow, God willing and the snow doesn't fall too deep, and I can find a 3/4 to 1" reducer I will have the panel back up (the right way - so I'm not embarassed if any of my Electrician friends drop by) and power back to the shop.
I found out what caused the service to get ripped right out of the wall. Yes it was the snow that pushed it but it was dry rot that was the problem. There's a reason Mike Holmes fixes so much problems caused when the vapour barrier gets put on wrong. This shed is a great example of the wrong way to do it. The vid below shows the details. Remember the vapour barrier goes on the warm side of the wall. Or the condensation will wreck havoc. Eventually.
Really looking forward to getting the shop back up and running. I have a few Christmas projects that need a "gettin" done.