FirstEnergy Ohio Utilities’ Competitive Bidding Process Auction: Information Session for Prospective Bidders on Tuesday, December 3, 2024
November 26 2024 - 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 subsidiaries – Ohio Edison, The
Illuminating Company and Toledo Edison – to procure full
requirements service for their Standard Service Offer customers.
The auction process will lead up to the auction scheduled for
January 21, 2025.
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
approval from the Public Utilities Commission of Ohio (PUCO).
The Information Session for prospective bidders for the January
auction is scheduled for Tuesday, December 3, 2024. Instructions on
how to join the Zoom session are available on the Auction
Information Website at firstenergycbp.com. Part 1 Applications from
prospective bidders will be accepted starting December 4, 2024, and
are due no later than December 17, 2024. For successful Part 1
applicants, the submission window for the Part 2 Application
process will begin on December 23, 2024.
Additional information about the auction process can be found at
the Information Website at 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. Detailed information about Charles River
Associates, a registered trade name of CRA International, Inc., is
available at www.crai.com. Follow us on LinkedIn, Instagram, 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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Media Relations Charles River Associates media@crai.com
617-425-3620
Nicholas Manganaro Sharon Merrill Advisors
crai@investorrelations.com 617-542-5300
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