The document discusses the updates to ANSI C12 standards, including revisions to metering codes and safety standards, as presented by Tom Lawton from Tesco for the Pennsylvania Rural Electric Association. Key changes involve the addition of bi-directional metering, updated accuracy specifications, and proposed new standards for VA and VAR metering, aiming for substantial revisions in metering practices. The main committee and various subcommittees oversee the updates and aim to publish new standards by 2020.