My experiences in many locations have shown that the meter box/can location has to be approved by the Power Co before they set the meter. They publish guidelines of service installation requirements but some don't mention meter location. If there was no service upgrade with that addition, the PoCo wouldn't have been involved. Attached buildings in old downtowns and historic districts almost always have the meters in the basement. These include many mixed use buildings with multiple meters. Some PoCos require the purchase of a padlock (from them for a ridiculous price) for unscheduled access into the building . Many other older buildings with inside meters are often required to relo it outside when there is a service change. I wouldn't want one of those defective new "smart" meters that spontaneously ignite inside the building.
source https://www.inspectorsjournal.com/topic/18963-electric-meterbox-located-inside/?do=findComment&comment=173133
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