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I have a CA car and it wasn't connected to anything either. Ford said its used during troubleshooting like the fuel pump shorting wire in the EEC connector if its the same wire I think it is. That was 6 years ago and I don't recall the exact system it was for. I know if it is C-123 its for the ABS.
What color is that specific wire and is your SHO an ATX/MTX. Like I said there are three of them in that area.
that is for the california cars. It connects to the emissions stuff your car does not have.