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Bates White monitors FirstEnergy's standard service offer auction
Frank Mossburg and Vincent Musco served the Public Utilities Commission of Ohio (PUCO) by monitoring FirstEnergy’s auction for electric service for Standard Service Offer customers. This descending-clock auction procured service for customers who do not choose a competitive electricity supplier. Frank and Vincent monitored the entire bidding process, from bidder qualification to the signing of final contracts, and presented a report to the PUCO analyzing the competitiveness of the process, prices received, and compliance with published bidding rules. Ultimately, they recommended acceptance of the results. The PUCO accepted the results of the auction on February 1. For more information, see the press release.