Ohio Discloses Winning Bidders in FirstEnergy Default Service Auction

The Public Utilities Commission of Ohio has disclosed winning bidders and tranches won in the October 2012 procurement of default service for the FirstEnergy Ohio utilities.

As previously reported, the auction resulted in an average clearing price of $60.89 per megawatt hour for the delivery period June 1, 2013 through May 31, 2016

Winning bidders are below:

Bidder                        Tranches    Tranche-Weighted
                                Won       Average Price to
                                          be Paid ($/MWh)
AEP Energy Partners, Inc.        1            $ 60.92
DTE Energy Trading, Inc.         5            $ 60.92
Duke Energy Commercial 
     Asset Management, Inc.      1            $ 60.92
Exelon Generation Company, LLC   5            $ 60.82
FirstEnergy Solutions Corp.      5            $ 60.92