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August 09, 2012
Brattle Assists Metropolitan Edison Company and Pennsylvania Electric Company to Complete Purchase of Non-Solar Alternative Energy Credits

Through a competitive bidding process conducted by economists at The Brattle Group, FirstEnergy Corp.’s (NYSE: FE) subsidiaries Metropolitan Edison Company and Pennsylvania Electric Company have successfully solicited contracts for 480,000 Non-Solar Alternative Energy Credits (AECs). The procurement was part of the Companies’ Default Service Plans approved by the Pennsylvania Public Utility Commission to competitively procure AECs to meet the state’s Alternative Energy Portfolio Standards for the Residential Class load served by the Companies’ energy only purchases as required by the plan. The average Tier I and Tier II AEC costs are $3.65 and Through a competitive bidding process conducted by economists at The Brattle Group, FirstEnergy Corp.’s (NYSE: FE) subsidiaries Metropolitan Edison Company and Pennsylvania Electric Company have successfully solicited contracts for 480,000 Non-Solar Alternative Energy Credits (AECs). The procurement was part of the Companies’ Default Service Plans approved by the Pennsylvania Public Utility Commission to competitively procure AECs to meet the state’s Alternative Energy Portfolio Standards for the Residential Class load served by the Companies’ energy only purchases as required by the plan. The average Tier I and Tier II AEC costs are $3.65 and $0.12 respectively. AECs are to be delivered to each of the Companies no later than August 7, 2012. The results of the procurement were approved by the Pennsylvania Public Utility Commission on July 31, 2012. Costs incurred to meet the non-solar requirements of Pennsylvania’s Alternative Energy Portfolio Standards will be reflected in customer bills beginning in September 1, 2012. The Companies have posted to their supplier support website calculations for Met-Ed and Penelec Default Service rates which incorporate the results of the Default Service auctions. These documents can be accessed from the supplier support website. The Brattle Group has extensive experience managing procurement and auction processes for utilities and other owners of electric power assets, including procurements for renewable energy credits and auctions of generation assets and transmission rights..12 respectively. AECs are to be delivered to each of the Companies no later than August 7, 2012. The results of the procurement were approved by the Pennsylvania Public Utility Commission on July 31, 2012. Costs incurred to meet the non-solar requirements of Pennsylvania’s Alternative Energy Portfolio Standards will be reflected in customer bills beginning in September 1, 2012. The Companies have posted to their supplier support website calculations for Met-Ed and Penelec Default Service rates which incorporate the results of the Default Service auctions. These documents can be accessed from the supplier support website. The Brattle Group has extensive experience managing procurement and auction processes for utilities and other owners of electric power assets, including procurements for renewable energy credits and auctions of generation assets and transmission rights.