There are two 200 amp main breaker panels with no disconnect outside. It is a combo meter pan. The lugs in the center definately accept the 4/0 then buss bars feed the meters. It looks like they are suppose to be 100 amp meters. Because the 4/0 SUE cable that feeds the panel from the meter did not fit under the lugs of the meter so someone made the 4/0 fit into the smaller lug by cutting off some of the strands. The lugs on the meters are one piece.

Thank you for the quick response I will read the arctice numbers that were mentioned