FirstEnergy Ohio Utilities’ PIPP RFP Auction: Information Session for Prospective Bidders on Wednesday, March 5, 2025

Rhea-AI Summary

CRA International (NASDAQ: CRAI) has announced it will manage an RFP auction process for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries to secure full requirements service for their Percentage of Income Payment Plan (PIPP) customers.

The auction covers Ohio Edison, The Illuminating Company, and Toledo Edison. The winning supplier will serve all PIPP load for a 12-month delivery period from June 2025 through May 2026.

Key dates include:

• Information Session for bidders: March 5, 2025
• PIPP Supplier Applications acceptance: March 6-19, 2025
• Registered Bidders submission: March 31, 2025

Interested parties can find detailed information and webinar instructions at firstenergypipprfp.com.

BOSTON--(BUSINESS WIRE)-- CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an RFP 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 Percentage of Income Payment Plan (PIPP) customers. The winning PIPP supplier will be obligated to serve all of the PIPP load for the 12-month delivery period, June 2025 through May 2026.

The PIPP RFP auction process will be managed by PIPP RFP Manager CRA International, Inc. d/b/a Charles River Associates.

The Information Session for prospective bidders is scheduled for Wednesday, March 5, 2025. Instructions to join the Webinar session are available on the PIPP RFP Auction Information Website at firstenergypipprfp.com. PIPP Supplier Applications from prospective bidders will be accepted starting March 6 and are due no later than March 19. Bids from Registered Bidders will be submitted on March 31.

Additional information about the auction process can be found at the Information Website at firstenergypipprfp.com.

About CRA International, Inc. and its Auctions & Competitive Bidding Practice

CRA is a global consulting firm specializing in litigation, regulatory, financial, 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. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250304313594/en/

Media Relations

Charles River Associates

media@crai.com

617-425-3620

Nicholas Manganaro

Sharon Merrill Advisors

crai@investorrelations.com

617-542-5300

Source: CRA International, Inc.

FAQ

When is the FirstEnergy PIPP RFP auction deadline for CRAI in 2025?

The deadline for Registered Bidders to submit bids is March 31, 2025.

What is the delivery period for FirstEnergy's PIPP supplier contract managed by CRAI?

The delivery period runs for 12 months from June 2025 through May 2026.

Which Ohio utilities are participating in the PIPP RFP auction managed by CRAI?

Ohio Edison, The Illuminating Company, and Toledo Edison are participating in the auction.

What is the application window for FirstEnergy's PIPP supplier applications in 2025?

PIPP Supplier Applications will be accepted from March 6 to March 19, 2025.

Where can bidders find information about the FirstEnergy PIPP RFP auction?

Bidders can find information at firstenergypipprfp.com and attend the Information Session on March 5, 2025.