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FirstEnergy Ohio Utilities’ Competitive Bidding Process Auction: Information Session for Prospective Bidders on Tuesday, December 3, 2024

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CRA International (NASDAQ: CRAI) announced an upcoming auction process for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries to procure full requirements service for Standard Service Offer customers. The auction, scheduled for January 21, 2025, will utilize a descending-price clock format and is approved by the Public Utilities Commission of Ohio.

An Information Session for prospective bidders will be held on December 3, 2024 via Zoom. The Part 1 Applications window opens on December 4, 2024, with submissions due by December 17, 2024. Successful applicants can begin Part 2 Applications from December 23, 2024.

CRA International (NASDAQ: CRAI) ha annunciato un prossimo processo d'asta per le filiali di FirstEnergy Corp. (NYSE: FE) in Ohio, al fine di procurare un servizio di fornitura totale per i clienti del Servizio Standard. L'asta, programmata per il 21 gennaio 2025, utilizzerà un formato di asta a prezzo decrescente ed è approvata dalla Commissione Pubblica dei Servizi Pubblici dell'Ohio.

Una sessione informativa per i potenziali offerenti si terrà il 3 dicembre 2024 tramite Zoom. La finestra per le domande di Parte 1 si aprirà il 4 dicembre 2024, con le presentazioni da inviarsi entro il 17 dicembre 2024. Gli offerenti selezionati potranno iniziare le domande di Parte 2 dal 23 dicembre 2024.

CRA International (NASDAQ: CRAI) anunció un próximo proceso de subasta para las subsidiarias de FirstEnergy Corp. (NYSE: FE) en Ohio, con el objetivo de obtener servicios completos para los clientes de la Oferta de Servicio Estándar. La subasta, programada para el 21 de enero de 2025, utilizará un formato de reloj de precios decrecientes y está aprobada por la Comisión Pública de Utilidades de Ohio.

Se llevará a cabo una sesión informativa para los posibles postores el 3 de diciembre de 2024 a través de Zoom. La ventana para las solicitudes de Parte 1 se abrirá el 4 de diciembre de 2024, con las presentaciones debiendo enviarse antes del 17 de diciembre de 2024. Los solicitantes exitosos podrán comenzar las solicitudes de Parte 2 a partir del 23 de diciembre de 2024.

CRA International (NASDAQ: CRAI)는 FirstEnergy Corp. (NYSE: FE)의 오하이오 자회사를 위한 전체 요구 서비스 조달을 위한 경매 프로세스를 발표했습니다. 2025년 1월 21일에 예정된 이 경매는 가격 하락 시계 형식으로 진행되며 오하이오 주 공공 유틸리티 위원회의 승인을 받았습니다.

예비 입찰자를 위한 정보 세션이 2024년 12월 3일에 Zoom을 통해 개최됩니다. Part 1 신청서 제출 기간은 2024년 12월 4일에 열리며, 제출 마감일은 2024년 12월 17일입니다. 성공적인 지원자는 2024년 12월 23일부터 Part 2 신청서를 시작할 수 있습니다.

CRA International (NASDAQ: CRAI) a annoncé un prochain processus d'enchères pour les filiales de FirstEnergy Corp. (NYSE: FE) dans l'Ohio afin de se procurer un service de fourniture complet pour les clients de l'Offre de Service Standard. L'enchère, prévue pour le 21 janvier 2025, utilisera un format de prix dégressif et est approuvée par la Commission des Services Publics de l'Ohio.

Une session d'information pour les soumissionnaires potentiels aura lieu le 3 décembre 2024 via Zoom. La fenêtre de soumission des candidatures partie 1 s'ouvrira le 4 décembre 2024, avec des soumissions à envoyer d'ici le 17 décembre 2024. Les candidats retenus pourront commencer les candidatures partie 2 à partir du 23 décembre 2024.

CRA International (NASDAQ: CRAI) hat einen bevorstehenden Auktionsprozess für die Tochtergesellschaften von FirstEnergy Corp. (NYSE: FE) in Ohio angekündigt, um einen Vollservice für Kunden des Standard-Serviceangebots zu beschaffen. Die Auktion, die für den 21. Januar 2025 angesetzt ist, wird im absteigenden Preisformat durchgeführt und ist von der Public Utilities Commission of Ohio genehmigt.

Eine Informationsveranstaltung für potenzielle Bieter findet am 3. Dezember 2024 über Zoom statt. Der Antragszeitraum für Teil 1 öffnet am 4. Dezember 2024, wobei die Einreichfristen bis zum 17. Dezember 2024 gelten. Erfolgreiche Bewerber können ab dem 23. Dezember 2024 mit den Anträgen für Teil 2 beginnen.

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BOSTON--(BUSINESS WIRE)-- CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.’s (NYSE: FE) Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison – to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for January 21, 2025.

The bidding process will use a descending-price clock auction format. The auction will be managed by the Auction Manager, CRA International, Inc. The auction is being conducted pursuant to approval from the Public Utilities Commission of Ohio (PUCO).

The Information Session for prospective bidders for the January auction is scheduled for Tuesday, December 3, 2024. Instructions on how to join the Zoom session are available on the Auction Information Website at firstenergycbp.com. Part 1 Applications from prospective bidders will be accepted starting December 4, 2024, and are due no later than December 17, 2024. For successful Part 1 applicants, the submission window for the Part 2 Application process will begin on December 23, 2024.

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

About CRA International, Inc. 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.

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

When is FirstEnergy's Ohio utilities auction scheduled for 2025?

The FirstEnergy Ohio utilities auction is scheduled for January 21, 2025.

What type of auction format will CRA International (CRAI) use for the FirstEnergy Ohio auction?

The auction will use a descending-price clock auction format.

What is the deadline for Part 1 Applications in the FirstEnergy Ohio auction process?

Part 1 Applications are due no later than December 17, 2024.

When does the Part 2 Application process begin for FirstEnergy's Ohio auction?

The Part 2 Application process begins on December 23, 2024, for successful Part 1 applicants.

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