FirstEnergy’s Pennsylvania Default Service Program DSP-V Auction: Information Session for Prospective Bidders on Wednesday,...
September 01 2020 - 8:30AM
Business Wire
CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in
providing economic, financial, and management consulting services,
today announced that an auction process will be conducted for
FirstEnergy Corp.’s (NYSE: FE) Pennsylvania utilities —
Metropolitan Edison Company (“Met-Ed”), Pennsylvania Electric
Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and
West Penn Power Company (“West Penn Power”) — to procure full
requirements Default Supply generation service for their Default
Service Customers. The auction process will lead up to the auction
scheduled for October 26, 2020.
The bidding process will use a descending-price clock auction
format. The auction will be managed by Independent Evaluator and
Auction Manager CRA International, Inc. The auction is being
conducted pursuant to FirstEnergy’s Pennsylvania Default Service
Program (DSP‑V) as approved by the Pennsylvania Public Utility
Commission. This is the next auction in the DSP‑V auction series
that began in October 2018.
The Information Session for prospective bidders for the October
auction is scheduled for Wednesday, September 2, 2020. Instructions
on how to join the Webcast session are available on the Information
Website at
http://www.fepaauction.com/Documents/BidderInformationSessions.aspx.
Part 1 Applications from prospective bidders will be accepted
starting September 3 and are due no later than September 22. For
successful Part 1 applicants, the submission window for the Part 2
Application process will be September 29 through October 13.
The products each of the four Companies is procuring in the
October DSP‑V Residential/Commercial (Fixed-Price) auction include:
12‑month residential class (delivery period June 2021 through May
2022), 24‑month residential class (delivery period June 2021
through May 2023), 3‑month commercial class (delivery period
December 2020 through February 2021), 12‑month commercial class
(delivery period June 2021 through May 2022), and 24-month
commercial class (delivery period June 2021 through May 2023).
Additional information about the auction process can be found at
the Information Website at www.fepaauction.com.
About CRA International, Inc. and its Auctions &
Competitive Bidding Practice
CRA is a global consulting firm specializing in litigation,
regulatory, financial, and management consulting. CRA advises
clients on economic and financial matters pertaining to litigation
and regulatory proceedings, and guides corporations through
critical business strategy and performance-related issues. Since
1965, clients have engaged CRA for its unique combination of
functional expertise and industry knowledge, and for its objective
solutions to complex problems. Headquartered in Boston, CRA has
offices throughout the world. Detailed information about Charles
River Associates, a registered trade name of CRA International,
Inc., is available at www.crai.com. Follow us on LinkedIn, Twitter,
and Facebook. CRA’s Auctions & Competitive Bidding Practice
offers businesses, governments, bidders, and other market
participants extensive experience in auction and market design,
implementation, monitoring, and participation. More information
about CRA’s Auctions & Competitive Bidding Practice is
available at www.auctions.crai.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200901005171/en/
Media Relations Charles River Associates media@crai.com
617-425-6453
Nicholas Manganaro Sharon Merrill Associates, Inc.
crai@investorrelations.com 617-542-5300
CRA (NASDAQ:CRAI)
Historical Stock Chart
From Aug 2024 to Sep 2024
CRA (NASDAQ:CRAI)
Historical Stock Chart
From Sep 2023 to Sep 2024