According to The Scotsman, there is only 1 electricity meter ... so each month, or quarter or whatever, the bill is halved 50-50 (whether or not either side has accrued 50% of it...?). The companies then pay Livingston FC, who then pay the whole bill. Or, as is the case, don't pay the whole bill presumably ... Whatever the situation it's a bizarre and IMO stupid arrangement.
With the fixtures already released, season tickets sold, players and squads taking shape, cup draws made and so forth, I can't see the SFL demoting Livi. They will leave them in the First Division, if necessary with a deduction for administration. If Livi fold, they will run with 9 clubs.