FirstEnergy Ohio Utilities Competitive Bidding Process Auctions: Information Session for Potential Bidders Wednesday, July 7, 2021


BOSTON–(COMMERCIAL THREAD) –CRA International, Inc. (NASDAQ: CRAI), a global leader in the supply economic, financial and management consulting services, today announced that an auction process will be conducted for Ohio Utilities from FirstEnergy Corp. The auction process will lead to the auction scheduled for August 23, 2021.

The auction process will use a descending price dial auction format. The auction will be managed by the auction manager, CRA International, Inc. The auction is being conducted in accordance with the auction schedule approved by the Public Utilities Commission of Ohio (PUCO) and is the thirteenth auction in the series.

The information session for potential bidders for the August auction is scheduled for Wednesday, July 7, 2021. Instructions on how to join the webcast session are available on the auction information website at the address www.firstenergycbp.com. Part 1 applications from potential bidders will be accepted from July 8 and must be submitted by July 21 at the latest. For successful Part 1 applicants, the submission window for the Part 2 application process will be from July 28 to August 10.

The proceeds of the August 23 auction are a 12-month contract (delivery period June 2022 to May 2023).

Additional information on the auction process can be found on the information website at www.firstenergycbp.com.

About CRA International, Inc. and its auction and tendering practices

CRA is a global consulting firm specializing in economic, financial and management consulting services. CRA advises clients on economic and financial matters relating to litigation and regulatory proceedings, and guides companies through critical business strategy and performance issues. Since 1965, customers have turned to CRA for its unique combination of functional expertise and industry knowledge, and for objective solutions to complex problems. Based in Boston, CRA has offices worldwide and celebrated its 50e anniversary in 2015. Detailed information about Charles River Associates, a registered trademark of CRA International, Inc., can be found at www.crai.com. follow us on LinkedIn, Twitter, and Facebook. The CRA’s Competitive Auctions and Tendering practice provides businesses, governments, bidders and other market participants with extensive experience in the design, implementation, monitoring and participation of auctions and markets. More information on the CRA’s competitive bidding and bidding practices is available at www.enchères.crai.com.



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