At the request of the Alabama Power Company, Paraskevakos developed a load-management system along with automatic meter-reading technology. In doing so, he utilized the ability of the system to monitor the speed of the watt power meter disc and, consequently, power consumption. This information, along with the time of day, gave the power company the ability to instruct individual meters to manage water heater and air conditioning consumption in order to prevent peaks in usage during the high consumption portions of the day. For this approach, Paraskevakos was awarded multiple patents.