This report contains information regarding the newer version of SGMM (Smart Grid Maturity Model) released by SEI (Software Engineering Institute) - CMU (Carnegie Mellon University). In September 2010, SEI published V1.1 of the Smart Grid Maturity Model (SGMM). This version of the model was pilot tested with more than 30 utilities to ensure the quality and usability of the update. This report also discusses the changes from the previous version. Summary of surveying utilities against the new version has been provided. All the utilities have been surveyed in the past, and the new findings suggest that the average ratings of the utilities improved in every domain bar "Societal and Environmental." This exception in this domain stemmed from the tighter criterion incorporated in the assessment process or "Compass."