FirstEnergy Ohio Utilities’ PIPP RFP Auction: Information Session for Prospective Bidders on Thursday, March 7, 2024

Rhea-AI Summary

Charles River Associates (CRAI) announces an RFP auction process for FirstEnergy Corp.'s Ohio subsidiaries to procure services for PIPP customers. The winning supplier will serve PIPP load for a 12-month period starting June 2024. Prospective bidders can join an Information Session on March 7, with applications due by March 21.

BOSTON--(BUSINESS WIRE)-- Charles River Associates (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 –The Cleveland Electric Illuminating Company, Ohio Edison Company, and The Toledo Edison Company – to procure full requirements service for their Percentage of Income Payment Plan (PIPP) customers. The winning PIPP supplier will be obligated to serve all the PIPP load for the 12-month delivery period June 2024 through May 2025.

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 Thursday, March 7, 2024. 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 8 and are due no later than March 21. Bids from Registered Bidders will be submitted on April 1.

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

About Charles River Associates (CRA) 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240306527560/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

What is the RFP auction process announced by Charles River Associates (CRAI)?

Charles River Associates (CRAI) announced an RFP auction process for FirstEnergy Corp.'s Ohio subsidiaries to procure services for PIPP customers.

When will the winning PIPP supplier be obligated to serve all the PIPP load?

The winning PIPP supplier will be obligated to serve all the PIPP load for the 12-month delivery period starting June 2024.

When is the Information Session for prospective bidders scheduled?

The Information Session for prospective bidders is scheduled for Thursday, March 7, 2024.

When are PIPP Supplier Applications from prospective bidders due?

PIPP Supplier Applications from prospective bidders are due no later than March 21.

When will bids from Registered Bidders be submitted?

Bids from Registered Bidders will be submitted on April 1.