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 The Dayton Power and Light Company to procure full requirements service for their SSO Customers for the delivery period beginning January 2016.
The bidding process will use a descending-price clock auction format. The auction will be managed by Auction Manager CRA International, Inc. The auction is scheduled to take place September 28, 2015 and is being conducted pursuant to The Dayton Power and Light Company’s Electric Service Plan (ESP) as approved by the Public Utilities Commission of Ohio. This is the third auction in the series of ESP auctions that began in October 2013.
For the September 28, 2015 auction, Part 1 Applications from prospective bidders are due no later than August 19, 2015. For successful Part 1 applicants, the submission window for the Part 2 Application process will be August 27 through September 10, 2015.
The product offered in the September 28, 2015 auction has a 17-month delivery period (January 2016 through May 2017). The Dayton Power and Light Company is seeking to procure a total of 40 tranches of this product.
Additional information about the auction process can be found at the Information Website at www.dpandlpowerauctions.com.
About CRA International, Inc. and its Auctions & Competitive Bidding Practice
CRA is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. 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 and is celebrating its 50th year anniversary in 2015. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at www.crai.com. Follow us on LinkedIn, Twitter, and Facebook. CRA’s Auctions & Competitive Bidding Practice offers businesses, governments, bidders, and other market participants extensive experience in auction and market design, implementation, monitoring, and participation. More information about CRA’s Auctions & Competitive Bidding Practice is available at www.crai.com/service/auctions/.
About The Dayton Power and Light Company and AES
The Dayton Power and Light Company is the principal subsidiary of DPL Inc. (DPL) a regional energy provider and an AES Company. DPL’s other significant subsidiaries include DPL Energy, LLC (DPLE), Miami Valley Insurance Company (MVIC), and DPL Energy Resources, Inc. (DPLER), which also does business as DP&L Energy. The Dayton Power and Light Company, a regulated electric utility, provides service to over 515,000 customers in West Central Ohio; DPLE engages in the operation of merchant peaking generation facilities; MVIC, a captive insurance company, provides insurance services to DPL and its subsidiaries, and DPLER is a competitive retail electric supplier. DPL, through its subsidiaries, owns and operates approximately 3,000 megawatts of generation capacity, of which 2,000 megawatts are coal-fired units and 1,000 megawatts are solar, natural gas and diesel peaking units. For more information about the company, please visit www.dpandl.com. Follow DP&L on Twitter @DPLToday.
The AES Corporation (NYSE: AES) is a Fortune 200 global power company. It provides affordable, sustainable energy to 18 countries through a diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Its workforce of 18,500 people is committed to operational excellence and meeting the world’s changing power needs. AES’ 2014 revenues were $17 billion and AES owns and manages $39 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.