FirstEnergy Ohio Utilities’ PIPP RFP Auction: Information Sessions for Prospective Bidders on Thursday, January 14, 2021

Rhea-AI Summary

CRA International, Inc. (NASDAQ: CRAI) has announced a Request for Proposal (RFP) auction for FirstEnergy Corp.'s Ohio utilities, aimed at procuring full requirements service for their Percentage of Income Payment Plan (PIPP) customers. The selected supplier will serve the PIPP load for a 12-month delivery period from June 2021 to May 2022. An Information Session for potential bidders is set for January 14, 2021, with applications due by January 29 and bidding on February 8. CRA, a leader in consulting services, will manage the auction process.

Positive

• CRA International managing a significant auction for FirstEnergy Corp.'s Ohio utilities.
• Opportunity for CRA to expand its consulting services footprint in the energy sector.

Negative

• None.

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 2021 through May 2022.

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, January 14, 2021. 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 January 14 and are due no later than January 29. Bids from Registered Bidders will be submitted on February 8.

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.

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FAQ

What is the purpose of CRA International's recent RFP auction announcement?

The RFP auction aims to procure full requirements service for FirstEnergy Corp.'s Percentage of Income Payment Plan (PIPP) customers.

When is the Information Session for prospective bidders scheduled?

The Information Session is scheduled for January 14, 2021.

What are the key dates for the PIPP Supplier Applications?

Applications will be accepted starting January 14, 2021, and are due by January 29, 2021.

When will bids from Registered Bidders be submitted?

Bids are due to be submitted on February 8, 2021.

What role does CRA play in the auction process for FirstEnergy Corp.?

CRA International will manage the auction process for FirstEnergy Corp.'s Ohio utilities.