Parsons Demand Response Technology to Optimize and Enable Los Angeles Department of Water & Power’s Operations and Strategic Plan

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.

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

Argus Apr 20 session

-1.49% close to close 0.9x rel. volume Open Argus

Details

News Market Reaction – PSN

On Apr 20, the day this news came out, PSN closed 1.49% below the previous close.

Data tracked by StockTitan Argus for the Apr 20 session.

Key Figures

Clean electricity target: 100 percent by 2035 Contract term: five-year contract Demand response expansion: more than fourfold +1 more

Clean electricity target

100 percent by 2035

LADWP goal supported by Parsons DRMS

Contract term

five-year contract

Duration of LADWP demand response engagement

Demand response expansion

more than fourfold

Planned increase in LADWP demand response capacity

Utility integrations

more than 400 public power utilities

Parsons meter and operational integration footprint

Historical Context

5 past events · Latest: Apr 15

5 events

1. Apr 15

   Defense contract win

   24h Move

   +1.0%

   Award of a $25M U.S. Coast Guard program management contract.

2. Apr 14

   Infrastructure contract

   24h Move

   -0.2%

   Selection as construction manager for New York City tunnel program.

3. Apr 13

   Bridge design award

   24h Move

   +0.2%

   Lead design role on $409M Roosevelt Bridge replacement project.

4. Apr 10

   Awards recognition

   24h Move

   -2.0%

   Multiple regional awards at Big Project Middle East event.

5. Apr 08

   Business realignment

   24h Move

   +3.1%

   Unification of aviation units into single North American organization.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

demand response, demand response management system, meter data management, supervisory control and data acquisition, +2 more

6 terms

demand response technical

"provide demand response technology, integration, and services to help manage"

Demand response is a program or market mechanism where electricity users are paid or incentivized to reduce or shift their power use when the grid is stressed or prices are high, similar to turning down nonessential appliances during a heat wave to ease a traffic jam. It matters to investors because it can lower peak energy costs, affect utility revenues and market prices, and create opportunities for companies that provide the software, equipment, or services that enable those load changes.

demand response management system technical

"Parsons will provide the Demand Response Management System (DRMS) to LADWP"

A demand response management system is software and hardware that monitors and adjusts electricity use across buildings, factories or devices in response to grid signals, prices or operator instructions. Think of it as a smart thermostat for whole facilities that turns down or shifts power use when the grid is strained or power is expensive. Investors care because it can lower operating costs, create new revenue from grid programs, and reduce risk as utilities move toward cleaner, more variable energy sources.

meter data management technical

"interoperability in critical areas including meter data management (MDM), customer"

Meter data management is the system that collects, validates, stores and organizes utility meter readings (like electricity, gas or water) so they can be used for billing, reporting and operational decisions. Think of it as a central, cleaned-up ledger that turns thousands of raw receipts from individual meters into accurate bills, performance reports and alerts. Investors care because reliable meter data reduces billing errors, supports regulatory compliance, improves operational efficiency and enables new revenue or cost-saving services.

supervisory control and data acquisition technical

"billing, Supervisory Control and Data Acquisition (SCADA) and automated"

Supervisory control and data acquisition (SCADA) is a system of software and hardware that monitors and controls industrial equipment and processes remotely by collecting real‑time data from sensors and sending commands to devices like pumps, valves and switches. It matters to investors because SCADA affects a company's operational reliability, efficiency, cost of downtime, regulatory compliance and cybersecurity exposure—think of it as the building’s central thermostat and security system that keeps operations running smoothly.

automated distribution management systems technical

"Acquisition (SCADA) and automated distribution management systems (ADMS)."

Automated distribution management systems are software and hardware tools that automatically control how products, power or information are routed and delivered across a network, similar to a smart traffic controller that directs flows to keep everything moving smoothly. They matter to investors because they can lower operating costs, reduce outages or stock shortages, and enable faster scaling—improvements that tend to boost profit margins, reliability and long‑term value.

distributed energy resources technical

"by securely interfacing distributed energy resources with existing utility systems"

Small, local sources and devices that generate, store or manage electricity near where it’s used—examples include rooftop solar panels, batteries, electric vehicles, smart thermostats and backup generators. They matter to investors because they reshape how power is produced, sold and paid for: they can lower costs, create new revenue streams, change regulation and require grid upgrades, so they affect company profits, risk profiles and growth opportunities much like dozens of small engines changing how a single factory runs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Parsons announce about the LADWP DRMS contract on April 20, 2026 (PSN)?

Parsons announced a five-year contract to provide a Demand Response Management System to LADWP. According to the company, the DRMS will expand LADWP’s demand response capacity by more than fourfold and integrate with MDM, SCADA, ADMS, billing, and customer care.

How will Parsons' DRMS affect LADWP’s clean energy goal and timeline (PSN)?

The Parsons DRMS is intended to support LADWP’s 100% clean electricity by 2035 or sooner. According to the company, the system will enable better coordination of distributed energy resources to help meet that target.

What interoperability features does Parsons' DRMS provide for LADWP (PSN)?

Parsons' DRMS offers out-of-the-box interoperability with MDM, customer care, billing, SCADA and ADMS. According to the company, this enables seamless data exchange and improved situational awareness for grid operators.

How large is the capacity increase LADWP expects from Parsons' solution (PSN)?

LADWP’s demand response capacity is expected to increase by more than fourfold under the contract. According to the company, the expansion will occur across the five-year engagement.

Does Parsons have prior utility experience relevant to the LADWP contract (PSN)?

Yes. Parsons has implemented meter and operational management integration solutions with more than 400 public power utilities across the United States. According to the company, this experience underpins the LADWP engagement.