high ac voltage destrucive or not?


After reading all the threads about ac voltage these past few months I pulled out my handy dandy fluke meter and meaured about 126 volts ac out of the wall and 128 out of my powervar. For all the electical gurus is this harmful to the electonics or part of the variables in ac delivery , thanks for any help. system consist of pass 350, sfl2 preamp and audiologic dac.
renotunes
In circuit design, a 50% voltage rating increase is typical so there is no problem with 128V. If your components get damaged by it, you know never to buy from those companies again.

Also, upper-level Fluke meters ARE true RMS (beyond model number 77 (or new 177) I think).
Sean - You say that the power company may rectify the situation. You mean they will convert him to DC? ;^)
All AC voltmeters read the rms value of a sine wave, so unless you have seriously corrupted AC coming into your house the reading is accurate.
thanks for all your responses, will power conditioners decreasde the current to 120, it seems the powervar keeps it constant, is this a defect or part and parcel of the same problem.