The analysis is current as of August 2012; includes utilities that did and did not receive American Recovery and Reinvestment Act of 2009 (ARRA) funds.
| Rank | Utility Name | Total Smart Meters |
| 1 | Pacific Gas & Electric Co | 4,641,952 |
| 2 | Florida Power & Light Co | 2,793,499 |
| 3 | Oncor Electric Delivery Company LLC | 2,664,462 |
| 4 | Georgia Power Co | 2,148,720 |
| 5 | CenterPoint Energy | 1,863,286 |
| 6 | Alabama Power Co | 1,405,947 |
| 7 | PPL Electric Utilities Corp | 1,403,889 |
| 8 | San Diego Gas & Electric Co | 1,352,417 |
| 9 | Portland General Electric Co | 822,223 |
| 10 | Arizona Public Service Co | 781,421 |
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