Market Overview

FirstEnergy Ohio Utilities' Electric Security Plan ESP-IV Auction: Information Session for Prospective Bidders on Monday, August 27, 2018


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 utilities to procure full requirements service for their Standard
Service Offer customers. The auction process will lead up to the auction
scheduled for October 22, 2018.

The bidding process will use a descending-price clock auction format.
The auction will be managed by Auction Manager CRA International, Inc.
The auction is being conducted pursuant to FirstEnergy's Ohio Electric
Security Plan (ESP-IV) as approved by the Public Utilities Commission of
Ohio. This is the seventh auction in the series of ESP-IV auctions.

The Information Session for prospective bidders for the October auction
is scheduled for Monday, August 27, 2018. Instructions on how to join
the Webcast session are available on the Auction Information Website at
Part 1 Applications from prospective bidders will be accepted starting
September 4 and are due no later than September 17. For successful
Part 1 applicants, the submission window for the Part 2 Application
process will be September 25 through October 9.

The product in the October 22 auction is a 12-month contract (delivery
period June 2019 through May 2020).

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

About CRA International, Inc. and its Auctions & Competitive Bidding

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 and
celebrated its 50th anniversary in 2015. Detailed information
about Charles River Associates, a registered trade name of CRA
International, Inc., is available at
Follow us on LinkedIn,
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

View Comments and Join the Discussion!