FirstEnergy Ohio Utilities’ PIPP RFP Auction: Information Sessions for Prospective Bidders on Thursday, February 24, 2022

Rhea-AI Summary

CRA International, Inc. (NASDAQ: CRAI) has announced an RFP auction for FirstEnergy Corp.'s (NYSE: FE) Ohio utilities, focusing on their Percentage of Income Payment Plan (PIPP) customers. The winning supplier will provide service for a 12-month period from June 2022 to May 2023. The auction will be managed by CRA, and an Information Session for bidders is planned for February 24, 2022, with applications accepted starting February 25 and due by March 10. Bids from Registered Bidders will be submitted on March 21.

Positive

• CRA is managing an RFP auction for FirstEnergy Corp., potentially increasing its role in the Ohio utility market.
• The auction process indicates continued demand for CRA's consulting services in the energy sector.

Negative

• None.

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 utilities 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 2022 through May 2023.

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, February 24, 2022. Instructions to join the Webcast session are available on the PIPP RFP Auction Information Website at www.firstenergypipprfp.com. PIPP Supplier Applications from prospective bidders will be accepted starting February 25 and are due no later than March 10. Bids from Registered Bidders will be submitted on March 21.

Additional information about the auction process can be found at the Information Website at www.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, Twitter, 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/20220221005429/en/

Media Relations

Charles River Associates

media@crai.com

617-425-3620

Nicholas Manganaro

Sharon Merrill Associates, Inc.

crai@investorrelations.com

617-542-5300

Source: CRA International, Inc.

FAQ

What is the purpose of the RFP auction announced by CRA International?

The RFP auction is for FirstEnergy Corp.'s Ohio utilities to procure service for their Percentage of Income Payment Plan (PIPP) customers.

When will the PIPP supplier bids be submitted?

Bids from Registered Bidders will be submitted on March 21, 2022.

What is the duration of the service contract for the winning PIPP supplier?

The service contract will last for 12 months, from June 2022 through May 2023.

When will the Information Session for prospective bidders take place?

The Information Session is scheduled for February 24, 2022.

Where can I find more information about the PIPP RFP auction?

More information is available on the PIPP RFP Auction Information Website at www.firstenergypipprfp.com.