In this paper we present a prototypical smart metering infrastructure (MI) as part of the “distributed nervous system of SmartGrid”. Proposed MI is enabled with distributed programming infrastructure of the international standards IEC 61499, communication and design infrastructure of IEC 61850. The paper introduces IEC 61850 logical device for the smart meter. Based on this definition, the intelligent logical nodes architecture (iLN) is used to organize the distributed intelligence of a “swarm” of such smart meters. The proposed architecture has been applied to the novel Eaton PowerXpert intelligent commercial grade meter and tested in co-simulation environment.