http://earth2tech.com/2009/04/08/a-more-hackable-smart-grid-shouldnt-stop-the-buildout/
and see:
http://smartgridcurrent.com/2009/03/24/would-a-smarter-grid-be-less-secure/
and:
http://online.wsj.com/article/SB123914805204099085.html
http://www.smartgridnews.com/artman/publish/alexzhen/Foreign_Cyber-Spies_Inject_Spyware_into_U_S_Grid_with_Potential_for_Serious_Damage-562.html
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