{"id":389523,"date":"2020-11-30T08:33:34","date_gmt":"2020-11-30T13:33:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389523"},"modified":"2020-11-30T08:33:34","modified_gmt":"2020-11-30T13:33:34","slug":"firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/","title":{"rendered":"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020 <\/b><\/p>\n<p class=\"bwalignc\">\n\u00a0\n<\/p>\n<p>BOSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.crai.com%2F&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=CRA+International%2C+Inc.&amp;index=1&amp;md5=5ce5a328d374b7e536993ca9814e7d97\">CRA International, Inc.<\/a> (NASDAQ: CRAI), a worldwide leader in providing <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fcrai.com%2F&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=economic%2C+financial%2C+and+management+consulting+services&amp;index=2&amp;md5=e51ac905ded80b4557137aa31276a618\">economic, financial, and management consulting services<\/a>, today announced that an auction process will be conducted for FirstEnergy Corp.\u2019s (NYSE: FE) Pennsylvania utilities \u2014 Metropolitan Edison Company (\u201cMet-Ed\u201d), Pennsylvania Electric Company (\u201cPenelec\u201d), Pennsylvania Power Company (\u201cPenn Power\u201d) and West Penn Power Company (\u201cWest Penn Power\u201d) \u2014 to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auctions scheduled for January 25, 2021.\n<\/p>\n<p>\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\u2019s Pennsylvania Default Service Program (DSP\u2011V) as approved by the Pennsylvania Public Utility Commission. These are the next auctions in the DSP\u2011V auction series that began in October 2018.\n<\/p>\n<p>\nThe Information Session for prospective bidders for the January auctions is scheduled for Thursday, December 3, 2020. Instructions on how to join the Webcast session are available on the Information Website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fepaauction.com%2FDocuments%2FBidderInformationSessions.aspx&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.fepaauction.com%2FDocuments%2FBidderInformationSessions.aspx&amp;index=3&amp;md5=e157f62dc9db302061c206a82df66a28\">http:\/\/www.fepaauction.com\/Documents\/BidderInformationSessions.aspx<\/a>.\n<\/p>\n<p>\nPart 1 Applications from prospective bidders will be accepted starting December 4 and are due no later than December 18. For successful Part 1 applicants, the submission window for the Part 2 Application process will be December 31 through January 12.\n<\/p>\n<p>\nThe products each of the four Companies is procuring in the January DSP\u2011V Residential\/Commercial (Fixed-Price) auction include: 12\u2011month residential class (delivery period June 2021 through May 2022), 24\u2011month residential class (delivery period June 2021 through May 2023), 3\u2011month commercial class (delivery period March through May 2021), 12\u2011month commercial class (delivery period June 2021 through May 2022), and 24\u2011month commercial class (delivery period June 2021 through May 2023). The products each of the four Companies is procuring in the January DSP\u2011V Industrial (Hourly Priced) auction include: 12\u2011month industrial class (delivery period June 2021 through May 2022).\n<\/p>\n<p>\nAdditional information about the auction process can be found at the Information Website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fepaauction.com&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=www.fepaauction.com&amp;index=4&amp;md5=f2e4acf8d455fab1bb57754a1b088a54\">www.fepaauction.com<\/a>.\n<\/p>\n<p><b>About CRA International, Inc. and its Auctions &amp; Competitive Bidding Practice<\/b><\/p>\n<p>\nCRA is a global consulting firm specializing in <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.crai.com%2F&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=litigation%2C+regulatory%2C+financial%2C+and+management+consulting&amp;index=5&amp;md5=f5dc4b816ae0ff7f8dc842da1b39ea03\">litigation, regulatory, financial, and management consulting<\/a>. 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.crai.com&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=www.crai.com&amp;index=6&amp;md5=fa82838f42366bd197257836b3d7cde9\">www.crai.com<\/a>. Follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fcharles-river-associates&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=7&amp;md5=83ab3874d7332f924ab47c7838fbf3f2\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FNews_CRA&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=Twitter&amp;index=8&amp;md5=75ee3cd766c746cbd31b4b1176f97157\">Twitter<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FCharlesRiverAssociates&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=Facebook&amp;index=9&amp;md5=90dce30e94e65d76e9900edb1510de81\">Facebook<\/a>. CRA\u2019s Auctions &amp; 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\u2019s Auctions &amp; Competitive Bidding Practice is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.auctions.crai.com&amp;esheet=52337153&amp;newsitemid=20201130005048&amp;lan=en-US&amp;anchor=www.auctions.crai.com&amp;index=10&amp;md5=cc53395cb3bd3539e668978af8554219\">www.auctions.crai.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005048r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201130005048\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201130005048\/en\/<\/a><\/span><\/p>\n<p>\nMedia Relations<br \/>\n<br \/>Charles River Associates<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@crai.com\">media@crai.com<br \/>\n<\/a><br \/>617-425-6453\n<\/p>\n<p>\nNicholas Manganaro<br \/>\n<br \/>Sharon Merrill Associates, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:crai@investorrelations.com\">crai@investorrelations.com<br \/>\n<\/a><br \/>617-542-5300\n<\/p>\n<p><b>KEYWORDS:<\/b> Pennsylvania Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Consulting Professional Services Legal<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201130005048\/en\/203432\/3\/CRA_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020 \u00a0 BOSTON&#8211;(BUSINESS WIRE)&#8211;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.\u2019s (NYSE: FE) Pennsylvania utilities \u2014 Metropolitan Edison Company (\u201cMet-Ed\u201d), Pennsylvania Electric Company (\u201cPenelec\u201d), Pennsylvania Power Company (\u201cPenn Power\u201d) and West Penn Power Company (\u201cWest Penn Power\u201d) \u2014 to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auctions scheduled for January 25, 2021. The bidding process will use a descending-price clock auction format. The auctions will be managed by Independent Evaluator and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389523","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020 \u00a0 BOSTON&#8211;(BUSINESS WIRE)&#8211;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.\u2019s (NYSE: FE) Pennsylvania utilities \u2014 Metropolitan Edison Company (\u201cMet-Ed\u201d), Pennsylvania Electric Company (\u201cPenelec\u201d), Pennsylvania Power Company (\u201cPenn Power\u201d) and West Penn Power Company (\u201cWest Penn Power\u201d) \u2014 to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auctions scheduled for January 25, 2021. The bidding process will use a descending-price clock auction format. The auctions will be managed by Independent Evaluator and &hellip; Continue reading &quot;FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-30T13:33:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005048r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020\",\"datePublished\":\"2020-11-30T13:33:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\\\/\"},\"wordCount\":551,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201130005048r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\\\/\",\"name\":\"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/","og_locale":"en_US","og_type":"article","og_title":"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020 - Market Newsdesk","og_description":"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020 \u00a0 BOSTON&#8211;(BUSINESS WIRE)&#8211;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.\u2019s (NYSE: FE) Pennsylvania utilities \u2014 Metropolitan Edison Company (\u201cMet-Ed\u201d), Pennsylvania Electric Company (\u201cPenelec\u201d), Pennsylvania Power Company (\u201cPenn Power\u201d) and West Penn Power Company (\u201cWest Penn Power\u201d) \u2014 to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auctions scheduled for January 25, 2021. The bidding process will use a descending-price clock auction format. The auctions will be managed by Independent Evaluator and &hellip; Continue reading \"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-30T13:33:34+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005048r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020","datePublished":"2020-11-30T13:33:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/"},"wordCount":551,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201130005048r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-auctions-information-session-for-prospective-bidders-on-thursday-december-3-2020\/","name":"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V Auctions: Information Session for Prospective Bidders on Thursday, December 3, 2020 - 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