BOSTON–(BUSINESS WIRE)–CRA International, Inc. (NASDAQ: CRAI), a common baton in accouterment management, economic, and banking consulting services, today appear its role as the Aggressive Behest Action (CBP) Bargain Manager for The Cleveland Electric Illuminating Company, The Toledo Edison Company, and Ohio Edison Company. The CBP is a address action by which the utilities are gluttonous to annex abounding requirements electricity account for their barter who do not accept another bearing suppliers.
The CBP auctions will annex account for a 36-month aeon from June 1, 2011 through May 31, 2014. The aboriginal bargain is accepted to booty abode in July 2010. As CBP Manager, CRA will administer the bargain process. A descending-price alarm behest architecture will be used. CRA managed a agnate aggressive behest action for FirstEnergy’s Ohio utilities that culminated in a acknowledged bargain in May 2009 and that acquired electricity through the commitment aeon catastrophe May 2011.
The CBP action is actuality conducted pursuant to the FirstEnergy Ohio utilities’ Stipulated Electric Security Plan filing in Case No. 10-0388-EL-SSO and is accountable to approval and modification by the Public Utilities Commission of Ohio.
CRA will host the aboriginal applicant advice affair on Thursday, April 15 at 2:00 pm ET via a Webcast. Additional advice about the aboriginal applicant advice affair and the aggressive behest action in accepted can be begin at the CBP Advice Website at www.firstenergycbp.com.
“We are captivated to be alive afresh with the FirstEnergy Ohio utilities, utilizing our acquaintance in designing and managing aggressive behest processes,” said CRA’s President and Chief Executive Officer Paul Maleh. “We attending advanced to continuing the acknowledged aggressive behest action for the accretion of bearing food for the companies’ accepted account action electricity customers.”
About CRA’s Auctions & Aggressive Behest Convenance
For 15 years, CRA has been alms businesses, governments, and added bazaar participants all-encompassing acquaintance in the design, implementation, and ecology of auctions and added transaction mechanisms as able-bodied as in advising bidders in these bazaar mechanisms. CRA has developed and/or managed auctions and added bazaar mechanisms for a ambit of industries including commodities, energy, telecommunications, transportation, oil and gas, accustomed resources, and metals & minerals.
About CRA All-embracing / Charles River Associates (CRA)
Charles River Associates® is a all-around consulting close specializing in litigation, regulatory, and banking consulting, and administration consulting. CRA advises audience on bread-and-butter and banking affairs pertaining to action and authoritative proceedings, and guides corporations through analytical business action and performance-related issues. Since 1965, audience accept affianced CRA for its different aggregate of anatomic adeptness and industry knowledge, and for its cold solutions to circuitous problems. Headquartered in Boston, CRA has offices throughout North America, Europe, the Middle East, and Asia. Detailed advice about Charles River Associates, a registered barter name of CRA International, Inc., is accessible at http://www.crai.com.
Statements in this columnist absolution apropos the Auctions & Aggressive Behest Practice, CRA’s role as the Aggressive Behest Action (CBP) Bargain Manager for The Cleveland Electric Illuminating Company, The Toledo Edison Company, and Ohio Edison Company, approaching business, operating results, estimated amount savings, and banking action of the Company and statements application the agreement “anticipates,” “believes,” “expects,” “should,” or agnate expressions, are “forward-looking” statements as authentic in the Private Securities Action Reform Act of 1995. These statements are based aloft management’s accepted expectations and are accountable to a cardinal of factors and uncertainties. Advice independent in these advanced statements is inherently ambiguous and absolute accomplishment and after-effects may alter materially due to abounding important factors. Such factors that could account absolute after-effects to alter materially from any advanced statements fabricated by the Company include, amid others, the Company’s restructuring costs and attributable anniversary amount savings, changes in the Company’s able tax rate, allotment concoction from the Company’s convertible debt alms and stock-based compensation, assurance on key personnel, alluring and application able consultants, assurance on alfresco experts, appliance rates, factors accompanying to its acquisitions, including affiliation of personnel, clients, offices, and hasty costs and liabilities, the accident of crime address downs to the Company’s abstract assets, including goodwill, if the Company’s action amount declines beneath assertive levels, risks associated with acquisitions it may accomplish in the future, risks inherent in all-embracing operations, the accomplishment of NeuCo, changes in accounting standards, rules and regulations, changes in the law that affect its convenance areas, administration of new offices, the abeyant accident of clients, the adeptness of barter to abolish the Company’s engagements on abbreviate notice, assurance on the advance of the Company’s business consulting practice, the capricious attributes of litigation-related projects, the adeptness of the Company to accommodate auspiciously new consultants into its practice, accepted bread-and-butter conditions, acute competition, risks inherent in litigation, and able liability. Further advice on these and added abeyant factors that could affect the Company’s banking after-effects is included in the Company’s alternate filings with the Securities and Exchange Commission. The Company cannot agreement any approaching results, levels of activity, accomplishment or achievement. The Company undertakes no obligation to amend any of its advanced statements afterwards the date of this columnist release.
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