I'm a newbie, so be gentle. Anyway, Was studing for test and ran across the VA vs Watt (power factor) discussion. Couldn't remember and then couldn't figure out how a Meter works. Is it smart enough to compare lead/lag in phase? How? If I was a power company, think I would want to bill on VA. Don't they have to provide enough to meet my voltage and current demands (like a transformer has to be sized.)?