FirstEnergy Ohio Utilities’ PIPP RFP Auction: Information Sessions for Prospective Bidders on Thursday, March 9, 2023

Rhea-AI Summary

CRA International, Inc. (NASDAQ: CRAI) announced an RFP auction for FirstEnergy Corp.'s (NYSE: FE) Ohio utilities, aimed at procuring full requirements service for Percentage of Income Payment Plan (PIPP) customers. The auction, managed by CRA, will obligate the winning supplier to serve all PIPP loads for June 2023 through May 2024. An information session for prospective bidders is scheduled for March 9, with supplier applications open from March 10 to March 23, and bids from registered bidders due on March 28. This initiative underscores CRA's expertise in economic and management consulting services.

Positive

• CRA International is managing an RFP auction, enhancing its role in economic consulting.
• The auction allows CRA to maintain strong ties with a major utility, FirstEnergy Corp.

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 2023 through May 2024.

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 9, 2023. 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 March 10 and are due no later than March 23. Bids from Registered Bidders will be submitted on March 28.

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/20230307005927/en/

Media Relations

CRA International

media@crai.com

617-425-6453

Nicholas Manganaro

Sharon Merrill Associates, Inc.

crai@investorrelations.com

617-542-5300

 

Source: CRA International, Inc.

FAQ

What is the CRA International and FirstEnergy Corp. RFP auction about?

CRA International, Inc. will conduct an RFP auction for FirstEnergy Corp.'s Ohio utilities to procure service for PIPP customers from June 2023 to May 2024.

When is the information session for the CRA International RFP auction?

The information session for prospective bidders is scheduled for March 9, 2023.

What are the key dates for the CRA International RFP auction?

Supplier applications are accepted from March 10 to March 23, 2023, with bids due from registered bidders on March 28, 2023.