To my knowledge the spells table is not part of any release of EQEmu or PEQ. It is an additional table created for the needs of other tools like EQBrowser or PEQEditor. These tools provide a script to load the table (something like all_spells.sql) as part of the installation process. This script has certainly be generated from the spells_us.txt file (the standard one) and has passed from hand to hand.
It is used as a spell browsing table. Easier to use in PHP than the text file.
May be you have it because you installed such a tool.
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