Parsons Demand Response Technology to Optimize and Enable Los Angeles Department of Water & Power’s Operations and Strategic Plan
Rhea-AI Summary
Parsons (NYSE: PSN) was selected by the Los Angeles Department of Water & Power on April 20, 2026 to deliver a Demand Response Management System (DRMS), integration, and services under a five-year contract.
The DRMS aims to expand LADWP’s demand response capacity by more than fourfold and support the utility’s goal of 100% clean electricity by 2035 or sooner, with out-of-the-box interoperability across MDM, customer care, billing, SCADA and ADMS.
Positive
- Five-year contract to deliver DRMS and integration services for LADWP
- Demand response capacity >4x expansion planned under the contract
- Supports 100% clean electricity by 2035 target for LADWP
- Interoperable DRMS integrates MDM, customer care, billing, SCADA and ADMS
- Track record: implemented solutions with >400 public power utilities in the U.S.
Negative
- Monetary value of the five-year contract was not disclosed
Key Figures
Market Reality Check
Peers on Argus
PSN was down 0.48% while peers were mixed: EPAM +1.24%, KD +1.48%, G -0.73%, GDS +2.95%, EXLS +0.31%, pointing to stock-specific rather than sector-wide drivers.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 15 | Defense contract win | Positive | +1.0% | Award of a $25M U.S. Coast Guard program management contract. |
| Apr 14 | Infrastructure contract | Positive | -0.2% | Selection as construction manager for New York City tunnel program. |
| Apr 13 | Bridge design award | Positive | +0.2% | Lead design role on $409M Roosevelt Bridge replacement project. |
| Apr 10 | Awards recognition | Positive | -2.0% | Multiple regional awards at Big Project Middle East event. |
| Apr 08 | Business realignment | Positive | +3.1% | Unification of aviation units into single North American organization. |
Recent contract and award wins often saw modest, mixed price reactions, with both aligned and divergent moves.
Over the past weeks, Parsons announced multiple contract wins and strategic moves. On Apr 8, it unified aviation capabilities, coinciding with a 3.11% gain. Infrastructure and construction wins followed, including a $409M Roosevelt Bridge design award on Apr 13 and a U.S. Coast Guard program management contract on Apr 15. Award recognition and major project roles drew both positive and negative single-day reactions, indicating that operational wins have produced mixed but generally modest stock responses. Today’s LADWP demand response contract extends this pattern of infrastructure-focused growth news.
Market Pulse Summary
This announcement highlights Parsons’ role in grid modernization via a five-year LADWP contract to deploy demand response management technology and support a 100 percent clean electricity target by 2035. It extends a recent string of infrastructure and government program wins while emphasizing capabilities in integrating distributed energy resources. Investors may track how such contracts affect backlog composition, recurring software and services exposure, and the company’s ability to scale similar solutions across its footprint of over 400 public power utilities.
Key Terms
demand response technical
meter data management technical
supervisory control and data acquisition technical
distributed energy resources technical
AI-generated analysis. Not financial advice.
CHANTILLY, Va., April 20, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected by the Los Angeles Department of Water & Power (LADWP) to provide demand response technology, integration, and services to help manage and optimize the operation of distributed energy sources within the electrical grid.
“Utility providers around the world are reshaping their capacity plans to meet the growing needs driven by the boom of artificial intelligence and data centers,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “We take great pride in helping cities around the world deliver resilient energy systems for their populations and look forward to applying our innovative technology to enhance LADWP’s demand response and renewable electricity capacity.”
Under the contract, Parsons will provide the Demand Response Management System (DRMS) to LADWP, which will serve as key infrastructure in the utility’s drive to achieve 100 percent clean electricity by 2035 or sooner, while helping expand LADWP’s demand response capacity by more than fourfold under the five-year contract. Unlike traditional, siloed DRMS solutions, the Parsons system offers out-of-the-box interoperability in critical areas including meter data management (MDM), customer care, billing, Supervisory Control and Data Acquisition (SCADA) and automated distribution management systems (ADMS).
Parsons DRMS helps enhance grid resiliency by securely interfacing distributed energy resources with existing utility systems and legacy fuel supplies. By enabling seamless data exchange and coordination across DRMS, MDM, SCADA, ADMS, and other operational platforms, it empowers grid operators with improved situational awareness, control, and resiliency. Parsons has implemented meter and operational management integration solutions with more than 400 public power utilities across the United States.
To learn more about Parsons’ comprehensive solutions for distributed energy resource management, visit https://www.parsons.com/products/derms/.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.
Media Contact:
Bernadette Miller
+1 980.253.9781
Bernadette.Miller@parsons.com
Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.us
