Systems and methods for reclassifying instrument transformers. A line mounted device that includes a sensor that can be attached to a power line. The line mounted device generates data or representations of the power parameters of the power line. A processor in the line mounted device produces modified representations of the power parameters that are transmitted wirelessly to a microprocessor based device. The microprocessor based device also receives second representations of the power parameters from legacy instrumentation. Compensation data is produced based on the modified representations from the line mounted device and the second representations from the legacy instrumentation. The compensation data can be used to compensate or correct the representations of the power parameters from the legacy instrumentation even after the line mounted device is no longer attached to the power line.