BOSTON--(BUSINESS WIRE)--Nov. 14, 2018--
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 28, 2019.
The bidding process will use a descending-price clock auction format.
The auction will be managed by 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. This is the seventh auction in the series
of ESP-IV auctions.
The Information Session for prospective bidders for the October auction
is scheduled for Wednesday, November 28, 2018. 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 17. For successful Part 1
applicants, the submission window for the Part 2 Application process
will be January 2 through January 14.
The product in the January 28 auction is a 12-month contract (delivery
period June 2019 through May 2020).
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
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. Detailed
information about Charles River Associates, a registered trade name of
CRA International, Inc., is available at www.crai.com.
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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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Source: CRA International, Inc.
Charles River Associates
Sharon Merrill Associates, Inc.