FirstEnergy Ohio Utilities Bidding Process Auction: Information Session for Potential Bidders Wednesday, August 17, 2022

BOSTON–(BUSINESS WIRE)–CRA International, Inc. (NASDAQ: CRAI), a world leader in providing economic, financial and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.’s Ohio utilities. (NYSE: FE) to achieve full service for their standard service offering customers. The auction process, which includes an information session for potential bidders scheduled for August 17, 2022, will lead to the auction scheduled for October 4, 2022.

The bidding process will use a descending price clock auction format. The auction will be managed by the Auction Director, CRA International, Inc. The auction is being conducted in accordance with the auction schedule approved by the Public Utilities Commission of Ohio (PUCO).

The information session for potential bidders for the October auction is scheduled for Wednesday, August 17, 2022. Instructions on how to join the WebEx session are available on the auction information website at ‘address www.firstenergycbp.com.

Part 1 applications from potential bidders will be accepted beginning August 18, 2022 and must be submitted no later than September 1, 2022. For successful Part 1 applicants, the submission window for the Part 1 application process 2 will run from September 8 to September 21, 2022.

Additional information about the bidding process is available on the information website at www.firstenergycbp.com.

About CRA International, Inc. and Its Competitive Bidding and Bidding Practices

CRA is a global consulting firm specializing in economic, financial and management consulting services. ARC advises clients on economic and financial matters relating to litigation and regulatory proceedings, and guides companies through critical business strategy and performance issues. Since 1965, customers have turned to CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Based in Boston, CRA has offices around the world and celebrated its 50e anniversary in 2015. Detailed information about Charles River Associates, a registered business name of CRA International, Inc., is available at www.crai.com. follow us on LinkedIn, Twitterand Facebook. ARC’s auctions and tenders practice provides businesses, governments, bidders and other market participants with extensive experience in designing, implementing, monitoring and participating in auctions and tenders. markets. For more information on ARC’s auction and tendering practices, visit www.auctions.crai.com.

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