Information Session for Prospective Bidders on Thursday, August 17,
BOSTON--(BUSINESS WIRE)--Jul. 31, 2017--
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 October 10, 2017.
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 FirstEnergy’s Ohio Electric
Security Plan (ESP-IV) as approved by the Public Utilities Commission of
Ohio. This is the fifth auction in the series of ESP-IV auctions.
The Information Session for prospective bidders for the October auction
is scheduled for Thursday, August 17, 2017. 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
August 23 and are due no later than September 8. For successful Part 1
applicants, the submission window for the Part 2 Application process
will be September 14 through September 27.
The products in the October 10 auction are a 24-month contract (delivery
period June 2018 through May 2020) and a 36-month contract (delivery
period June 2018 through May 2021).
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170731005534/en/
Source: Charles River Associates
Charles River Associates, 617-425-3620
Merrill Associates, Inc.
Andrew Blazier, 617-542-5300