Charles River Associates Adds Two Vice Presidents to Energy Practice; Noted Experts in the Energy Field Return to CRA.

Business Editors

BOSTON--(BUSINESS WIRE)--Nov. 14, 2000

Charles River Associates Incorporated (NASDAQ: CRAI), an internationally known leader in providing economic, financial, and management consulting services, announced today that Stephen George and Paul O'Rourke have returned to CRA as vice presidents in the firm's Energy practice.

"We are delighted that Steve and Paul have rejoined the CRA team," stated James C. Burrows, CRA President and Chief Executive Officer. "Their invaluable experience in domestic and international energy restructuring and business strategy, combined with CRA's analytical and economic capabilities, will provide a world-class presence in utility deregulation."

With more than 20 years of consulting experience in the energy field, Steve George returns to CRA as a vice president and will work out of the firm's Palo Alto office. Prior to returning to CRA, Dr. George was a vice president at PHB Hagler Bailly. He is an expert in electric utility restructuring, utility planning and business strategy, market research, and demand modeling and forecasting. In addition to his previous positions at CRA and PHB Hagler Bailly, Dr. George was also a vice president at XENERGY Inc.

Paul O'Rourke also returns to CRA from PHB Hagler Bailly, where he served as the head of that firm's Retail Strategy & E-Commerce Practice. His areas of expertise include energy industry strategy development, technology and market assessment, marketing management, and organizational analysis. Dr. O'Rourke's clients have included many of the largest investor-owned electric utilities in the United States.

Founded in 1965, CRA is a leading provider of sophisticated economic and financial consulting services, expert testimony and litigation support, and business consulting. The firm's areas of expertise include auctions, antitrust, mergers and acquisitions, policy impact assessments, corporate finance, strategy and business operations, and regulatory economics. CRA has advised legal and corporate clients, government agencies, and other organizations in thousands of engagements. In addition to its corporate headquarters in Boston and international offices in London, Mexico City, and Toronto, CRA also has U.S. offices in Washington, DC, Los Angeles, Palo Alto, Berkeley/Oakland, and Salt Lake City. More information about the Company can be found on its Web site at www.crai.com.

Statements in this press release concerning CRA's ability to expand its work in energy deregulation are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain, and actual performance and results may differ materially. Such factors that could cause actual results to differ materially from any forward-looking statements made by the Company include, among others, the ability of the Company to successfully integrate Mr. George and Mr. O'Rourke into its practice, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, intense competition, and professional liability. Further information on factors that could affect the Company's financial results is included in the Company's filings with the Securities and Exchange Commission.