FirstEnergy's Pennsylvania Power Company to purchase power for 2011

10 February 2010 - FirstEnergy's Pennsylvania Power Company (Penn Power) has filed a plan with the Pennsylvania Public Utility Commission (PaPUC) to procure electric generation supply to serve customers beginning in June 2011. The company, which does not own any electric generating plants, serves approximately 160,000 customers in western Pennsylvania.

The procurement process will be managed by NERA, a global consulting firm with expertise in energy markets. NERA will purchase the required power supply from the wholesale marketplace, by rate class, through multiple solicitations with staggered delivery periods over the two-year term of the program. The process is designed to ensure confidentiality of information provided by bidders, who will be required to certify that they are creditworthy, acting independently of other bidders, and are making firm offers to provide generation service to customers.

The company expects that the PaPUC will rule on their application later this year.

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