BOSTON--(BUSINESS WIRE)--Apr. 22, 2015--
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 for the delivery period beginning June 2015.
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 scheduled to take place June 22,
2015 and is being conducted pursuant to the FirstEnergy’s Pennsylvania
Default Service Program (DSP-III) as approved by the Pennsylvania Public
Utility Commission. This is the fourth auction in the series of DSP-III
auctions that began in October 2014.
For the June 22, 2015 auction, Part 1 Applications from prospective
bidders are due no later than May 12, 2015. For successful Part 1
applicants, the submission window for the Part 2 Application process
will be May 19 through June 5, 2015.
Products in the June 22, 2015 auction include, for each of the four
Companies, 3-month commercial class (delivery period September 2015
through November 2015).
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
CRA is a global consulting firm specializing in litigation,
regulatory, and financial consulting, 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 and is celebrating its 50th year anniversary in
2015. 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.crai.com/service/auctions/.
Source: CRA International, Inc.
Charles River Associates
Andrea Goodman, 617-425-3333
Merrill Associates, Inc.
Jamie Bernard, 617-542-5300