{"id":688743,"date":"2022-09-26T08:33:07","date_gmt":"2022-09-26T12:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-and-dsp-vi-auctions-information-session-for-prospective-bidders-on-wednesday-september-28-2022\/"},"modified":"2022-09-26T08:33:07","modified_gmt":"2022-09-26T12:33:07","slug":"firstenergys-pennsylvania-default-service-program-dsp-v-and-dsp-vi-auctions-information-session-for-prospective-bidders-on-wednesday-september-28-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/firstenergys-pennsylvania-default-service-program-dsp-v-and-dsp-vi-auctions-information-session-for-prospective-bidders-on-wednesday-september-28-2022\/","title":{"rendered":"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V and DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, September 28, 2022"},"content":{"rendered":"

<\/p>\n

FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V and DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, September 28, 2022<\/b><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–CRA International, Inc.<\/a> (NASDAQ: CRAI), a worldwide leader in providing 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 November 14, 2022.\n<\/p>\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\u2019s Pennsylvania Default Service Program (DSP\u2011V and DSP-VI) as approved by the Pennsylvania Public Utility Commission. The November DSP\u2011V Commercial (Fixed-Price) auction is the next auction in the DSP\u2011V auction series that began in October 2018. The November DSP\u2011VI Commercial and Residential (Fixed-Price) auction is the first auction in the DSP-VI auction series.\n<\/p>\n

\nThe Information Session for prospective bidders for the November auctions is scheduled for Wednesday, September 28, 2022. Instructions on how to join the Webcast session are available on the Information Website at http:\/\/www.fepaauction.com\/Documents\/BidderInformationSessions.aspx<\/a>.\n<\/p>\n

\nPart 1 Applications from prospective bidders will be accepted starting September 29 and are due no later than October 11. For successful Part 1 applicants, the submission window for the Part 2 Application process will be October 18 through November 1.\n<\/p>\n

\nThe products that the four Companies are procuring in the November DSP\u2011V Commercial (Fixed-Price) auction include a 3\u2011month commercial class product (delivery period December 2022 through February 2023).\n<\/p>\n

\nThe products that the four Companies are procuring in the November DSP\u2011VI Residential and Commercial (Fixed-Price) auction include a 12\u2011month residential class product (delivery period June 2023 through May 2024), 24-month residential class product (delivery period June 2023 through May 2025), 12\u2011month commercial class product (delivery period June 2023 through May 2024), and a 24-month commercial class product (delivery period June 2023 through May 2025). The Companies have filed a petition with the Pennsylvania Public Utility Commission to move the 24\u2011month products from the November 2022 DSP\u2011VI auction to a January 2023 DSP\u2011VI auction. The petition is pending with the Commission.\n<\/p>\n

\nAdditional information about the auction process can be found at the Information Website at www.fepaauction.com<\/a>.\n<\/p>\n

About CRA International, Inc. and its Auctions & Competitive Bidding Practice<\/b><\/p>\n

\nCRA is a global consulting firm specializing in 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 www.crai.com<\/a>. Follow us on LinkedIn<\/a>, Twitter<\/a>, and Facebook<\/a>. CRA\u2019s 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\u2019s Auctions & Competitive Bidding Practice is available at www.auctions.crai.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20220923005414\/en\/<\/a><\/span><\/p>\n

\nMedia Relations
\n
Charles River Associates
\n
media@crai.com
\n<\/a>
617-425-3620\n<\/p>\n

\nNicholas Manganaro
\n
Sharon Merrill Associates, Inc.
\n
crai@investorrelations.com
\n<\/a>
617-542-5300\n<\/p>\n

KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Consulting Legal Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V and DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, September 28, 2022 BOSTON–(BUSINESS WIRE)–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 November 14, 2022. The bidding process will use a descending-price clock auction format. The auctions will be managed by Independent Evaluator … <\/p>\n

Continue reading “FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V and DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, September 28, 2022”<\/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-688743","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFirstEnergy\u2019s Pennsylvania Default Service Program DSP-V and DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, September 28, 2022 - 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-and-dsp-vi-auctions-information-session-for-prospective-bidders-on-wednesday-september-28-2022\/\" \/>\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 and DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, September 28, 2022 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FirstEnergy\u2019s Pennsylvania Default Service Program DSP-V and DSP-VI Auctions: Information Session for Prospective Bidders on Wednesday, September 28, 2022 BOSTON–(BUSINESS WIRE)–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 November 14, 2022. The bidding process will use a descending-price clock auction format. 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(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 November 14, 2022. The bidding process will use a descending-price clock auction format. 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