FirstEnergy Ohio Utilities’ PIPP RFP Auction: Information Session for Prospective Bidders on Thursday, March 7, 2024
08 March 2024 - 12:30AM
Business Wire
Charles River Associates (NASDAQ: CRAI), a worldwide leader in
providing economic, financial, and management consulting services,
today announced that an RFP auction process will be conducted for
FirstEnergy Corp.’s (NYSE: FE) Ohio subsidiaries –The Cleveland
Electric Illuminating Company, Ohio Edison Company, and The Toledo
Edison Company – to procure full requirements service for their
Percentage of Income Payment Plan (PIPP) customers. The winning
PIPP supplier will be obligated to serve all the PIPP load for the
12-month delivery period June 2024 through May 2025.
The PIPP RFP auction process will be managed by PIPP RFP Manager
CRA International, Inc. d/b/a Charles River Associates.
The Information Session for prospective bidders is scheduled for
Thursday, March 7, 2024. Instructions to join the Webinar session
are available on the PIPP RFP Auction Information Website at
firstenergypipprfp.com. PIPP Supplier Applications from prospective
bidders will be accepted starting March 8 and are due no later than
March 21. Bids from Registered Bidders will be submitted on April
1.
Additional information about the auction process can be found at
the Information Website at firstenergypipprfp.com.
About Charles River Associates (CRA) 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.
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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
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