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FirstEnergy’s Pennsylvania Default Service Program DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, February 22, 2023
BOSTON--(BUSINESS WIRE)-- CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services,
About this update from Cra International,inc.
[{"type":"text","content":" BOSTON--(BUSINESS WIRE)--\nCRA 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) Pennsylvania utilities — Metropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”) — to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auctions scheduled for April 10, 2023.\n\nThe 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.\n\nThe Information Session for prospective bidders for the January auctions is scheduled for Wednesday, February 22, 2023. Instructions on how to join the Webcast session are available on the Information Website at http://www.fepaauction.com/Documents/BidderInformationSessions.aspx.\n\nPart 1 Applications from prospective bidders will be accepted starting February 23 and are due no later than March 7. For successful Part 1 applicants, the submission window for the Part 2 Application process will be March 14 through March 28.\n\nThe products that the four Companies are procuring in the April DSP‑VI Residential and Commercial (Fixed-Price) auction include a 12-month residential class product (delivery period June 2023 through May 2024), a 24-month residential class product (delivery period June 2023 through May 2025), a 12-month commercial class product (delivery period June 2023 through May 2024), and a 24-month commercial class product (delivery period June 2023 through May 2025).\n\nThe products that the four Companies are procuring in the April DSP‑VI Industrial (Hourly-Priced) auction include a 12‑month industrial class product (delivery period June 2023 through May 2024).\n\nAdditional information about the auction process can be found at the Information Website at www.fepaauction.com.\n\nAbout...