FirstEnergy Ohio Utilities’ Electric Security Plan ESP‑IV Auction: Information Session for Prospective Bidders on Wednesd...
November 25 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) Ohio utilities to procure full
requirements service for their Standard Service Offer customers.
The auction process will lead up to the auction scheduled for
January 26, 2021.
The bidding process will use a descending-price clock auction
format. The auction will be managed by the Auction Manager, CRA
International, Inc. The auction is being conducted pursuant to the
FirstEnergy Ohio Utilities’ Electric Security Plan (ESP‑IV) as
approved by the Public Utilities Commission of Ohio (PUCO). This is
the twelfth auction in the series of ESP‑IV auctions.
The Information Session for prospective bidders for the January
auction is scheduled for Wednesday, December 2, 2020. Instructions
on how to join the Webcast session are available on the Auction
Information Website at www.firstenergycbp.com. Part 1 Applications
from prospective bidders will be accepted starting December 3 and
are due no later than December 18. For successful Part 1
applicants, the submission window for the Part 2 Application
process will be January 4 through January 14.
The product in the January 26 auction is a 12-month contract
(delivery period June 2021 through May 2022).
Additional information about the auction process can be found at
the Information Website at www.firstenergycbp.com.
About CRA International, Inc. and its Auctions &
Competitive Bidding Practice
CRA is a global consulting firm specializing in economic,
financial, and management consulting services. 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 and celebrated its 50th anniversary in 2015.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201125005380/en/
Media Relations Charles River Associates media@crai.com
617-425-3620
Nick Manganaro Sharon Merrill Associates, Inc.
crai@investorrelations.com 617-542-5300
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