Having headed up the short circuit studies group for a very large public utility in a past life, it really depends on the utility's staff, capabilities (and the lawyers) We would provide pretty detailed information and also provide line out contingency conditions as well as attempt to project for the future based on the company's future plans. We also then surrounded this information with legal disclaimers about how the data is based on normal conditions, the system can change, etc. etc.
The infinite bus case "might" be the worst case for the arc flash assuming the minimum case doesn't cause devices to time delay but there is no way to know for sure without the data. A few weeks ago I did a webinar about utility data and one of the areas I touched on was how to deal with a lack of utility data.
WEBINAR - Utility Short Circuit DataThe short summary is you begin with an infinite primary source (assumes 0 source impedance) and run the study using the transformer secondary short circuit results. As an example, a 1500 kVA transformer with a 480 volt secondary and 5.75 percent impedance has a secondary short circuit current of 31,374 Amps (excluding motor contribution).
Run the study with this value an see if the arc rating of the PPE is sufficient. Then reduce the current in 5 or 10 percent increments and continue to rerun the study and verify the arc rating is still sufficient. At some point, the SC current will become too low and you will see incident energy values increase dramatically.
At this point you have found the minimum fault current where the PPE results are valid. This isn't a perfect answer but it gives you a range of currents where the calculations indicate the PPE arc rating is sufficient.