Rebuilding the entire grid and all its components could cost trillions, and it will require the coordinated efforts of hundreds of state and regional agencies, power-plant owners and electrical utilities. But the smart grid is already appearing piecemeal. By 2012, Southern California Edison, one of the country's largest electrical utilities, will install 5.3 million smart meters throughout San Diego and Los Angeles that will tell homeowners exactly how much power they're using at any given time — an important first step. The city of Boulder, Colorado, will soon finish building the country's first smart grid, with smart metering and a variety of sustainable energy sources. And President Obama's stimulus package includes $11 billion for smart-grid technology, to be used for research and demonstration projects.