CRA International announced that it will conduct a descending‑price clock auction to procure full‑requirements services for FirstEnergy Corp.’s Ohio subsidiaries—Ohio Edison Company, The Cleveland Electric Illuminating Company, and The Toledo Edison Company—covering the utilities’ Standard Service Offer customers.
The auction schedule is as follows: an information session on April 16, 2026; Part 1 applications open on April 17 and close on May 5; Part 2 applications open on May 12 and close on June 8; the auction itself will take place on June 9, 2026. The process will evaluate bids based on price and service quality, with the winning bidder awarded a multi‑year contract to supply the required services.
CRA International’s role as Auction Manager leverages its long‑standing expertise in designing and administering energy auctions. The firm has previously managed similar procurement processes for FirstEnergy’s Ohio utilities, including a Percentage‑of‑Income Payment Plan auction, underscoring a proven partnership and deep knowledge of the utilities’ procurement needs.
In its most recent earnings, CRA International reported Q4 2025 revenue of $197 million, beating analyst expectations of $190.5 million, and adjusted earnings per share of $2.06, a beat of $0.01 against the consensus of $2.05. The company’s record revenue growth and disciplined cost management demonstrate the operational strength that underpins its ability to win new contracts such as this one.
The auction comes at a time when FirstEnergy’s Standard Service Offer rates are rising—Ohio Edison’s residential price to compare is 9.70¢/kWh, Cleveland’s is 9.88¢/kWh, and Toledo’s is 9.99¢/kWh for the April‑May period—making competitive procurement essential for cost control. Securing this contract positions CRA International to capture a share of the utilities’ growing service needs and to reinforce its foothold in the energy consulting market.
Overall, the auction represents a strategic expansion for CRA International, potentially adding a significant revenue stream and strengthening its client portfolio in the utilities sector. The firm’s recent financial performance and proven auction expertise suggest it is well positioned to deliver value to FirstEnergy’s Ohio subsidiaries and to pursue similar opportunities in the future.
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