FirstEnergy Pennsylvania Utilities File Plans to Purchase Electric Generation Supply Beginning in 2015
FirstEnergy's Metropolitan Edison (Met-Ed), Pennsylvania Electric (Penelec), Pennsylvania Power (Penn Power), and West Penn Power utility companies have filed plans with the Pennsylvania Public Utility Commission (PPUC) to procure electric generation supply beginning June 2015 for customers who choose not to shop with alternate suppliers. The procurement process will be managed by CRA International, Inc. (CRA). Under the proposed plan, CRA will conduct auctions on a quarterly basis beginning October 2014, with generation prices calculated based on a blended average by customers' class. The proposed program also includes a process for meeting state-mandated alternative energy standards, including a separate bidding process in order to meet a portion of the solar energy requirements through a request for proposal for 2-year contracts for the purchase of solar renewable energy credits.