Programming

I suspect that PG&E's smart meters might: 1) support an infrared pulse through an LED on the top of the meter, and 2) use a fairly-open protocol for uploading their meter data to the utility, which can be picked up using a Software Defined Radio (SDR).

Open Energy Monitor has a write-up about using the pulse output, where each pulse means a quantity of energy was delivered (eg 1 Watt-hour). So counting 1000 of such pulses would be 1 kWh, and that would be a way to track your energy consumption for any timescale.

What it won't do is provide instantaneous power (ie kW drawn at this very moment) because the energy must accumulate to the threshold before sending a pulse. For example, a 9 Watt LED bulb that is powered on would only cause a new pulse every 6.7 minutes. But for larger loads, the indication would be very quick; a 5000 W dryer would emit a new pulse after no more than 0.72 seconds.

The other option is decoding the wireless protocol, which people have done using FOSS software. An RTL-SDR receiver is not very expensive, is very popular, and can also be used for other purposes besides monitoring the electric meter. Insofar as USA law is concerned, unencrypted transmissions are fair game to receive and decode. This method also has a wealth of other useful info in the data stream, such as instantaneous wattage in addition to the counter registers.