Ohio Posts Winning Bidders in FirstEnergy Utilities' Default Service Auction

The Public Utilities Commission of Ohio has posted the winning bidders from the recent default service auction at the FirstEnergy utilities.

As previously reported, the auction resulted in an average clearing price of $59.17 per megawatt-hour for the delivery period June 1, 2013 through May 31, 2016.

Winning bidders were:

                              Tranches     Tranche-Weighted
                                Won        Average Price to 
                                           be Paid ($/MWh)
AEP Energy Partners, Inc.        6              $59.17
DTE Energy Trading, Inc.         5              $59.17
Exelon Generation Company, LLC   1              $59.14
FirstEnergy Solutions Corp.      5              $59.17