FirstEnergy Ohio Utilities’ Competitive Bidding Process Auction: Information Session for Prospective Bidders on Monday, November 24, 2025

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.’s (NYSE: FE) Ohio subsidiaries – Ohio Edison, The Illuminating Company and Toledo Edison – to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for January 20, 2026.

The bidding process will use a descending-price clock auction format. The auction will be managed by the Auction Manager, CRA International, Inc. The auction is being conducted pursuant to approval from the Public Utilities Commission of Ohio (PUCO).

The Information Session for prospective bidders for the January auction is scheduled for Monday, November 24, 2025. Instructions on how to join the Webinar session are available on the Auction Information Website at firstenergycbp.com.

Part 1 Applications from prospective bidders will be accepted starting November 25, 2025, and are due no later than December 11, 2025. For successful Part 1 applicants, the submission window for the Part 2 Application process will begin on December 18, 2025.

Additional information about the auction process can be found at the Information Website at firstenergycbp.com.

About CRA’s Energy Practice

CRA’s Energy Practice provides global strategic, economic, commercial and regulatory advice on today’s energy ecosystem and the energy transition. CRA’s Energy experts have extensive experience in auction and market design, implementation, monitoring, and participation. More information about CRA’s Energy Practice is available at www.crai.com/industries/energy/.

About Charles River Associates (CRA)

Charles River Associates^® 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.

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Source: Charles River Associates