FirstEnergy’s Pennsylvania Default Service Program DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, February 26, 2025
CRA International, Inc. (NASDAQ: CRAI) has announced an auction process for FirstEnergy Pennsylvania Electric Company (FE PA) to procure full requirements Default Supply generation service. The auctions, scheduled for April 14, 2025, will use a descending-price clock format and be managed by CRA International as the Independent Evaluator and Auction Manager.
These auctions are part of FirstEnergy's Pennsylvania Default Service Program (DSP-VI) approved by the Pennsylvania Public Utility Commission, continuing the series that began in November 2022. An information session for prospective bidders will be held on February 26, 2025.
The application process includes two parts: Part 1 Applications (February 27-March 12) and Part 2 Applications (March 19-April 1). Products being procured include 12-month and 24-month residential and commercial class products (delivery period June 2025 through May 2026/2027) and a 12-month industrial class product.
CRA International, Inc. (NASDAQ: CRAI) ha annunciato un processo d'asta per FirstEnergy Pennsylvania Electric Company (FE PA) al fine di procurare il servizio di generazione di Default Supply per le esigenze complete. Le aste, programmate per il 14 aprile 2025, utilizzeranno un formato di asta a prezzo decrescente e saranno gestite da CRA International in qualità di Valutatore Indipendente e Manager dell'Asta.
Queste aste fanno parte del Programma di Servizio di Default della Pennsylvania di FirstEnergy (DSP-VI) approvato dalla Commissione Pubblica dei Servizi della Pennsylvania, proseguendo la serie iniziata a novembre 2022. Una sessione informativa per i potenziali offerenti si terrà il 26 febbraio 2025.
Il processo di candidatura comprende due parti: Parte 1 Candidature (27 febbraio - 12 marzo) e Parte 2 Candidature (19 marzo - 1 aprile). I prodotti che verranno acquisiti includono prodotti per classi residenziali e commerciali di 12 mesi e 24 mesi (periodo di consegna da giugno 2025 a maggio 2026/2027) e un prodotto per la classe industriale di 12 mesi.
CRA International, Inc. (NASDAQ: CRAI) ha anunciado un proceso de subasta para FirstEnergy Pennsylvania Electric Company (FE PA) con el fin de adquirir el servicio de generación de Default Supply para cubrir todas las necesidades. Las subastas, programadas para el 14 de abril de 2025, utilizarán un formato de reloj de precios descendentes y serán gestionadas por CRA International como Evaluador Independiente y Administrador de la Subasta.
Estas subastas son parte del Programa de Servicio de Default de FirstEnergy en Pennsylvania (DSP-VI) aprobado por la Comisión de Servicios Públicos de Pennsylvania, continuando la serie que comenzó en noviembre de 2022. Se llevará a cabo una sesión informativa para los posibles licitadores el 26 de febrero de 2025.
El proceso de solicitud incluye dos partes: Parte 1 Solicitudes (27 de febrero - 12 de marzo) y Parte 2 Solicitudes (19 de marzo - 1 de abril). Los productos que se adquirirán incluyen productos residenciales y comerciales de 12 meses y 24 meses (período de entrega de junio de 2025 a mayo de 2026/2027) y un producto de clase industrial de 12 meses.
CRA International, Inc. (NASDAQ: CRAI)는 FirstEnergy Pennsylvania Electric Company (FE PA)의 전력 공급을 위한 경매 과정을 발표했습니다. 2025년 4월 14일에 예정된 이 경매는 가격 하락 시계 형식을 사용하며, CRA International이 독립 평가자 및 경매 관리자 역할을 맡습니다.
이 경매는 펜실베니아 공공 유틸리티 위원회에서 승인한 FirstEnergy의 펜실베니아 기본 서비스 프로그램(DSP-VI)의 일환으로, 2022년 11월에 시작된 시리즈를 계속합니다. 잠재 입찰자를 위한 정보 세션은 2025년 2월 26일에 열릴 예정입니다.
신청 과정은 두 부분으로 나뉘며: 1부 신청(2월 27일 - 3월 12일)과 2부 신청(3월 19일 - 4월 1일)입니다. 조달되는 제품에는 12개월 및 24개월의 주거용 및 상업용 제품(2025년 6월부터 2026/2027년 5월까지의 납기 기간)과 12개월 산업용 제품이 포함됩니다.
CRA International, Inc. (NASDAQ: CRAI) a annoncé un processus d'enchères pour FirstEnergy Pennsylvania Electric Company (FE PA) afin d'acquérir le service de génération de Default Supply pour répondre à l'ensemble des besoins. Les enchères, prévues pour le 14 avril 2025, utiliseront un format d'enchères à prix décroissant et seront gérées par CRA International en tant qu'évaluateur indépendant et gestionnaire des enchères.
Ces enchères font partie du programme de service par défaut de FirstEnergy en Pennsylvanie (DSP-VI) approuvé par la Commission des services publics de Pennsylvanie, poursuivant la série commencée en novembre 2022. Une session d'information pour les enchérisseurs potentiels se tiendra le 26 février 2025.
Le processus de candidature comprend deux parties : Partie 1 Candidatures (27 février - 12 mars) et Partie 2 Candidatures (19 mars - 1 avril). Les produits à acquérir incluent des produits résidentiels et commerciaux de 12 mois et 24 mois (période de livraison de juin 2025 à mai 2026/2027) et un produit de classe industrielle de 12 mois.
CRA International, Inc. (NASDAQ: CRAI) hat einen Auktionsprozess für FirstEnergy Pennsylvania Electric Company (FE PA) angekündigt, um den vollständigen Bedarf an Default Supply-Generierungsdiensten zu beschaffen. Die Auktionen, die für den 14. April 2025 geplant sind, werden im Format einer absteigenden Preiskurve durchgeführt und von CRA International als unabhängiger Evaluator und Auktionsmanager geleitet.
Diese Auktionen sind Teil des Pennsylvania Default Service Programms (DSP-VI) von FirstEnergy, das von der Pennsylvania Public Utility Commission genehmigt wurde und die Reihe fortsetzt, die im November 2022 begonnen wurde. Eine Informationsveranstaltung für potenzielle Bieter findet am 26. Februar 2025 statt.
Der Bewerbungsprozess besteht aus zwei Teilen: Teil 1 Bewerbungen (27. Februar - 12. März) und Teil 2 Bewerbungen (19. März - 1. April). Zu den beschafften Produkten gehören 12-monatige und 24-monatige Produkte für Wohn- und Gewerbekunden (Lieferzeitraum von Juni 2025 bis Mai 2026/2027) sowie ein 12-monatiges Produkt für die Industrie.
- CRA International continues to serve as the Independent Evaluator for FirstEnergy's Pennsylvania Default Service Program
- The auction process follows a structured format with clear deadlines and procedures
- Multiple product options are available for different customer classes and timeframes
- The press release doesn't provide information about expected participation levels or competition
- No details about potential pricing impacts for consumers are included
- The announcement doesn't mention any changes or improvements from previous auction processes
The bidding process will use a descending-price clock auction format. The auctions will be managed by Independent Evaluator and Auction Manager, CRA International, Inc. The auctions are being conducted pursuant to FirstEnergy’s Pennsylvania Default Service Program (DSP-VI) as approved by the Pennsylvania Public Utility Commission. These are the next auctions in the DSP-VI auction series that began in November 2022.
The information session for prospective bidders for the April auctions is scheduled for Wednesday, February 26, 2025. Instructions on how to join the webcast are available on the Information Website at http://www.fepaauction.com/Documents/BidderInformationSessions.aspx.
Part 1 Applications from prospective bidders will be accepted starting February 27 and are due no later than March 12. For successful Part 1 applicants, the submission window for the Part 2 Application process will be March 19 through April 1.
The products that FE PA is procuring in the April DSP‑VI Residential and Commercial (Fixed-Price) auction include a 12-month residential class product (delivery period June 2025 through May 2026), a 24-month residential class product (delivery period June 2025 through May 2027), a 12-month commercial class product (delivery period June 2025 through May 2026), and a 24-month commercial class product (delivery period June 2025 through May 2027).
The products that FE PA is procuring in the April DSP‑VI Industrial (Hourly-Priced) auction include a 12‑month industrial class product (delivery period June 2025 through May 2026).
Additional information about the auction process can be found at the Information Website at www.fepaauction.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
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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.
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