Competitive Bidding Process Announced for FirstEnergy Ohio Utilities to Procure Electric Generation Supply

A competitive bidding process will be conducted for FirstEnergy Corp.'s FE Ohio utilities – Ohio Edison, Cleveland Electric Illuminating Company and Toledo Edison – to procure electric generation for delivery from June 2012 through May 2014 for retail customers who choose not to shop with an alternative supplier. The competitive bidding process will use a descending-price clock auction format. The auction will be managed by CRA International, Inc.. The CBP is being conducted pursuant to the FirstEnergy Ohio utilities' Electric Security Plan approved by the Public Utilities Commission of Ohio. Under the ESP, the CBP auctions procure service for a 36-month period from June 1, 2011 through May 31, 2014. The first two auctions took place in October 2010 and January 2011. The next two auctions, scheduled for October 25, 2011, and January 2012, will be for the 24month delivery period June 2012 through May 2014. CRA manages the auction process as CBP Manager.