SEC FILE NO. 70-7926
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CERTIFICATE PURSUANT TO
RULE 24
OF PARTIAL COMPLETION OF
TRANSACTIONS
GENERAL PUBLIC UTILITIES CORPORATION
JERSEY CENTRAL POWER & LIGHT COMPANY
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________________________
In the Matter of :
:
General Public Utilities Corporation :
Jersey Central Power & Light Company : Certificate Pursuant
Metropolitan Edison Company : To Rule 24 of Partial
Pennsylvania Electric Company : C o m p l e t i o n o f
Transactions
:
File No. 70-7926 :
:
(Public Utility Holding Company :
Act of 1935) :
______________________________________:
To the Members of the Securities and Exchange Commission:
The undersigned, General Public Utilities Corporation
("GPU"), Jersey Central Power & Light Company ("JCP&L"),
Metropolitan Edison Company ("Met-Ed") and Pennsylvania Electric
Company ("Penelec"), collectively referred to as the "GPU
Companies", do hereby certify pursuant to Rule 24 of the General
Rules and Regulations under the Public Utility Holding Company
Act of 1935, that certain of the transactions proposed in the
Declaration, as amended, filed in SEC File No. 70-7926, have been
carried out in accordance with the terms and conditions of, and
for the purposes requested in, said Declaration and pursuant to
the Commission's Order, dated March 18, 1992, with respect to
said Declaration, as follows:
1. During the period January 1, 1994 through March
31, 1994, the GPU Companies issued no promissory notes
2
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representing borrowings under the Credit Agreement, dated March
19, 1992, between the GPU Companies, certain banks parties
thereto, and Chemical Bank and Citibank,
N.A., as Co-Agents, and Chemical Bank as Administrative Agent,
and no such borrowings were thus outstanding thereunder at such
date.
2. At the close of business on December 31, 1993,
JCP&L, Met-Ed and Penelec had outstanding unsecured short-term
promissory notes issued as commercial paper as follows:
Company Amount
JCP&L $ 0
Met-Ed 0
Penelec 37,400,000
3. During the period January 1, 1994 through March
31, 1994, JCP&L, Met-Ed, and Penelec issued and sold (and paid at
maturity where such commercial paper matured on or before
March 31, 1994) unsecured short-term promissory notes as
commercial paper as follows:
JCP&L
Date of Issuance Maturity Date Amount
None
Met-Ed
Date of Issuance Maturity Date Amount
03/15/94 05/13/94 $10,000,000
03/15/94 04/14/94 10,000,000
03/31/94 04/14/94 10,000,000
Penelec
3
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Date of Issuance Maturity Date Amount
02/25/94 03/21/94 $19,600,000
02/25/94 03/07/94 10,000,000
03/02/94 03/29/94 6,500,000
03/04/94 04/05/94 3,000,000
03/07/94 04/11/94 7,000,000
03/15/94 06/13/94 10,000,000
03/15/94 05/16/94 10,000,000
03/21/94 06/20/94 8,900,000
03/30/94 04/20/94 4,000,000
To summarize the above transactions, at March 31, 1994, JCP&L,
Met-Ed and Penelec had outstanding unsecured short-term
promissory notes issued as commercial paper as follows:
Company Amount
JCP&L $ 0
Met-Ed 30,000,000
Penelec 42,900,000
4. At the close of business on December 31, 1993, the GPU
Companies had outstanding unsecured short-term promissory notes
representing bank borrowings under informal bank lines, as
follows:
Company Amount
GPU $32,100,000
JCP&L 0
Met-Ed 81,600,000
Penelec 65,000,000
During the period January 1, 1994 through March 31, 1994, the
GPU Companies issued unsecured promissory notes representing bank
borrowings under informal bank lines of credit as follows:
GPU
Issue
Date Bank Amount Maturity
01/05/94 First Fidelity Bank, N.A. $ 100,000 01/25/94
4
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01/11/94 Canadian Imperial Bank 9,200,000 02/10/94
01/18/94 Banca Popolare Di Milano 10,000,000 02/18/94
01/19/94 PNC Bank, N.A. 100,000 01/25/94
01/24/94 PNC Bank, N.A. 100,000 01/25/94
01/25/94 PNC Bank, N.A. 4,900,000 04/21/94
02/01/94 Chemical Bank New Jersey 100,000 02/10/94
GPU (cont.)
Issue
Date Bank Amount Maturity
02/10/94 First Fidelity Bank, N.A. 9,600,000 03/08/94
02/15/94 PNC Bank, N.A. 8,500,000 05/12/94
02/18/94 Banca Popolare Di Milano 10,000,000 05/18/94
02/22/94 PNC Bank, N.A. 100,000 02/23/94
02/23/94 Chemical Bank New Jersey 3,900,000 07/28/94
03/08/94 PNC Bank, N.A. $ 8,700,000 09/08/94
03/14/94 Chemical Bank New Jersey 100,000 03/30/94
03/23/94 United States National Bank 100,000 03/31/94
JCP&L
Issue
Date Bank Amount Maturity
01/03/94 PNC Bank, N.A. $20,500,000 01/04/94
01/04/94 Swiss Bank Corporation 5,900,000 01/07/94
01/04/94 PNC Bank, N.A. 9,900,000 01/05/94
01/05/94 PNC Bank, N.A. 6,400,000 01/06/94
01/06/94 United States National Bank 4,300,000 01/10/94
01/07/94 United States National Bank 3,700,000 01/11/94
01/10/94 First Fidelity Bank, N.A. 3,500,000 01/11/94
01/20/94 First Fidelity Bank, N.A. 300,000 01/21/94
02/04/94 Union Bank of Switzerland 3,100,000 02/07/94
02/23/94 First Fidelity Bank, N.A. 2,100,000 02/24/94
03/01/94 PNC Bank, N.A. 2,100,000 03/02/94
03/02/94 First Fidelity Bank, N.A. 3,200,000 03/03/94
03/04/94 PNC Bank, N.A. 3,400,000 03/07/94
03/08/94 First Fidelity Bank, N.A. 6,000,000 03/09/94
03/09/94 Merchants National Bank 800,000 03/10/94
Met-Ed
Issue
Date Bank Amount Maturity
01/03/94 First Fidelity Bank, N.A. $ 5,000,000 02/22/94
01/03/94 Morgan Guaranty Trust 10,000,000 02/14/94
01/03/94 Morgan Guaranty Trust 3,500,000 01/12/94
01/04/94 Chase Manhattan Bank 6,500,000 01/14/94
01/05/94 PNC Bank, N.A. 2,900,000 01/21/94
5
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01/06/94 Banca Popolare Di Milano 4,100,000 01/27/94
01/07/94 First Fidelity Bank, N.A. 3,400,000 01/28/94
01/10/94 Union Bank of Switzerland 8,900,000 02/04/94
01/11/94 First Fidelity Bank, N.A. 2,200,000 01/12/94
01/12/94 First Fidelity Bank, N.A. 4,400,000 01/13/94
01/13/94 First Fidelity Bank, N.A. 3,500,000 01/24/94
Met-Ed (cont.)
Issue
Date Bank Amount Maturity
01/14/94 First Fidelity Bank, N.A. 6,400,000 01/21/94
01/18/94 Chase Manhattan Bank 10,000,000 01/24/94
01/20/94 Morgan Guaranty Trust 11,200,000 01/26/94
01/21/94 PNC Bank, N.A. 1,300,000 01/27/94
01/21/94 First Fidelity Bank, N.A. 6,900,000 01/27/94
01/24/94 Chase Manhattan Bank $13,200,000 01/28/94
01/25/94 First Fidelity Bank, N.A. 6,500,000 01/31/94
01/26/94 First Fidelity Bank, N.A. 1,300,000 01/31/94
01/26/94 First Fidelity Bank, N.A. 16,100,000 01/31/94
01/27/94 First Fidelity Bank, N.A. 10,700,000 02/01/94
01/28/94 Morgan Guaranty Trust 14,200,000 02/02/94
01/31/94 First Fidelity Bank, N.A. 26,000,000 02/07/94
02/01/94 Chase Manhattan Bank 8,700,000 02/08/94
02/01/94 First Fidelity Bank, N.A. 15,000,000 02/08/94
02/02/94 PNC Bank, N.A. 1,700,000 02/09/94
02/02/94 Chemical Bank New Jersey 7,900,000 02/08/94
02/02/94 Chemical Bank New Jersey 2,000,000 02/03/94
02/02/94 Chase Manhattan Bank 7,800,000 02/08/94
02/03/94 Union Bank of Switzerland 2,600,000 02/08/94
02/04/94 Union Bank of Switzerland 7,500,000 02/07/94
02/04/94 Chemical Bank New Jersey 2,000,000 02/07/94
02/07/94 Morgan Guaranty Trust 5,000,000 02/10/94
02/07/94 Chase Manhattan Bank 4,100,000 02/08/94
02/07/94 First Fidelity Bank, N.A. 10,000,000 02/08/94
02/07/94 First Fidelity Bank, N.A. 16,000,000 02/09/94
02/08/94 First Fidelity Bank, N.A. 4,000,000 02/11/94
02/09/94 First Fidelity Bank, N.A. 3,500,000 02/14/94
02/09/94 First Fidelity Bank, N.A. 10,000,000 02/11/94
02/09/94 First Fidelity Bank, N.A. 2,700,000 02/14/94
02/10/94 Chemical Bank New Jersey 10,000,000 02/11/94
02/10/94 Chase Manhattan Bank 3,200,000 02/11/94
02/11/94 Chase Manhattan Bank 24,600,000 02/15/94
02/14/94 First Fidelity Bank, N.A. 9,400,000 02/16/94
02/14/94 First Fidelity Bank, N.A. 8,500,000 02/16/94
02/15/94 Morgan Guaranty Trust 5,000,000 02/23/94
02/15/94 First Fidelity Bank, N.A. 7,000,000 02/23/94
02/15/94 PNC Bank, N.A. 5,500,000 02/23/94
02/15/94 First Fidelity Bank, N.A. 6,500,000 02/24/94
02/16/94 First Fidelity Bank, N.A. 9,400,000 02/24/94
02/16/94 First Fidelity Bank, N.A. 7,300,000 02/17/94
02/17/94 Chemical Bank New Jersey 5,500,000 02/18/94
02/18/94 PNC Bank, N.A. 3,300,000 02/25/94
6
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02/22/94 First Fidelity Bank, N.A. 10,800,000 02/28/94
02/23/94 Morgan Guaranty Trust 15,700,000 03/01/94
02/24/94 First Fidelity Bank, N.A. 10,000,000 03/02/94
02/24/94 PNC Bank, N.A. 2,000,000 02/25/94
02/28/94 PNC Bank, N.A. 7,600,000 03/03/94
02/28/94 First Fidelity Bank, N.A. 2,800,000 03/03/94
Met-Ed (cont.)
Issue
Date Bank Amount Maturity
03/01/94 Union Bank of Switzerland 10,000,000 03/08/94
03/01/94 First Fidelity Bank, N.A. 10,700,000 03/11/94
03/02/94 First Fidelity Bank, N.A. 3,800,000 03/09/94
03/02/94 First Fidelity Bank, N.A. 6,100,000 03/04/94
03/03/94 First Fidelity Bank, N.A. 10,500,000 03/14/94
03/04/94 Chemical Bank New Jersey $ 5,000,000 03/16/94
03/04/94 PNC Bank, N.A. 3,900,000 03/07/94
03/07/94 PNC Bank, N.A. 2,300,000 03/10/94
03/08/94 Bank of Pennsylvania 6,600,000 03/22/94
03/09/94 First Fidelity Bank, N.A. 4,100,000 03/17/94
03/10/94 First Fidelity Bank, N.A. 10,000,000 03/18/94
03/10/94 Midlantic National Bank 10,000,000 03/23/94
03/10/94 First Fidelity Bank, N.A. 6,600,000 03/16/94
03/11/94 First Fidelity Bank, N.A. 9,100,000 03/28/94
03/14/94 Morgan Guaranty Trust 6,200,000 03/24/94
03/15/94 First Fidelity Bank, N.A. 10,000,000 03/21/94
03/15/94 PNC Bank, N.A. 9,500,000 04/11/94
03/16/94 Morgan Guaranty Trust 10,700,000 03/29/94
03/17/94 Chemical Bank New Jersey 1,600,000 03/25/94
03/18/94 First Fidelity Bank, N.A. 8,000,000 03/25/94
03/21/94 First Fidelity Bank, N.A. 5,000,000 03/24/94
03/21/94 First Fidelity Bank, N.A. 7,500,000 03/30/94
03/22/94 Chemical Bank New Jersey 4,300,000 05/03/94
03/23/94 Citibank, N.A. 7,100,000 03/29/94
03/24/94 Morgan Guaranty Trust 8,300,000 03/31/94
03/25/94 Midlantic National Bank 7,100,000 04/18/94
03/28/94 First Fidelity Bank, N.A. 8,700,000 04/05/94
03/29/94 Morgan Guaranty Trust 11,000,000 04/25/94
03/29/94 First Fidelity Bank, N.A. 3,900,000 04/04/94
03/30/94 First Fidelity Bank, N.A. 6,600,000 04/19/94
03/31/94 First Fidelity Bank, N.A. 3,200,000 04/27/94
Penelec
Issue
Date Bank Amount Maturity
01/03/94 Morgan Guaranty Trust $ 4,900,000 01/27/94
01/04/94 PNC Bank, N.A. 1,000,000 01/05/94
01/04/94 Swiss Bank Corporation 4,100,000 02/02/94
01/05/94 Mellon Bank, N.A. 3,000,000 01/06/94
01/06/94 Mellon Bank, N.A. 3,600,000 01/07/94
7
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01/07/94 Swiss Bank Corporation 2,900,000 01/13/94
01/10/94 United States National Bank 5,000,000 01/11/94
01/10/94 Morgan Guaranty Trust 6,300,000 01/26/94
01/11/94 Morgan Guaranty Trust 8,600,000 01/28/94
01/12/94 First Fidelity Bank, N.A. 2,600,000 01/13/94
01/13/94 First Fidelity Bank, N.A. 5,300,000 01/14/94
Penelec (cont.)
Issue
Date Bank Amount Maturity
01/14/94 Mellon Bank, N.A. 3,500,000 01/25/94
01/18/94 United States National Bank 6,000,000 01/26/94
01/18/94 First Fidelity Bank, N.A. 8,300,000 01/26/94
01/19/94 Mellon Bank, N.A. 5,700,000 01/26/94
01/20/94 Morgan Guaranty Trust $ 7,800,000 01/26/94
01/24/94 Mellon Bank, N.A. 20,800,000 01/25/94
01/24/94 Mellon Bank, N.A. 5,100,000 01/25/94
01/25/94 Mellon Bank, N.A. 24,300,000 01/26/94
01/25/94 Mellon Bank, N.A. 6,300,000 01/26/94
02/01/94 Mellon Bank, N.A. 7,000,000 02/03/94
02/02/94 Swiss Bank Corporation 10,000,000 02/07/94
02/02/94 Morgan Guaranty Trust 4,000,000 02/07/94
02/03/94 Mellon Bank, N.A. 6,600,000 02/08/94
02/07/94 Mellon Bank, N.A. 10,800,000 02/08/94
02/08/94 First Fidelity Bank, N.A. 10,000,000 02/09/94
02/08/94 First Fidelity Bank, N.A. 2,200,000 02/09/94
02/09/94 First Fidelity Bank, N.A. 12,500,000 02/10/94
02/10/94 First Fidelity Bank, N.A. 2,900,000 02/11/94
02/10/94 First Fidelity Bank, N.A. 7,600,000 02/11/94
02/11/94 First Fidelity Bank, N.A. 7,300,000 02/14/94
02/14/94 First Fidelity Bank, N.A. 7,000,000 02/15/94
02/14/94 First Fidelity Bank, N.A. 1,000,000 02/15/94
02/15/94 PNC Bank, N.A. 4,600,000 02/16/94
02/16/94 Mellon Bank, N.A. 5,400,000 02/17/94
02/17/94 PNC Bank, N.A. 3,400,000 02/18/94
02/18/94 First Fidelity Bank, N.A. 2,300,000 02/22/94
02/22/94 First Fidelity Bank, N.A. 2,700,000 02/23/94
02/23/94 First Fidelity Bank, N.A. 2,400,000 02/24/94
02/28/94 First Fidelity Bank, N.A. 3,600,000 03/02/94
03/01/94 Swiss Bank Corporation 8,800,000 03/08/94
03/08/94 Mellon Bank, N.A. 6,600,000 03/09/94
03/09/94 Mellon Bank, N.A. 5,500,000 03/10/94
03/10/94 Mellon Bank, N.A. 4,500,000 03/11/94
03/11/94 Mellon Bank, N.A. 2,000,000 03/14/94
03/15/94 Swiss Bank Corporation 10,000,000 04/05/94
03/15/94 Mellon Bank, N.A. 9,500,000 03/16/94
03/16/94 First Fidelity Bank, N.A. 10,400,000 03/17/94
03/17/94 Mellon Bank, N.A. 8,400,000 03/25/94
03/21/94 First Fidelity Bank, N.A. 10,000,000 03/22/94
03/22/94 First Fidelity Bank, N.A. 5,100,000 03/23/94
03/23/94 Citibank, N.A. 3,800,000 03/24/94
03/24/94 Morgan Guaranty Trust 3,700,000 03/30/94
8
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03/25/94 Bank of New York 6,000,000 03/28/94
03/28/94 Mellon Bank, N.A. 10,000,000 04/12/94
03/29/94 First Fidelity Bank, N.A. 2,000,000 04/06/94
03/31/94 Morgan Guaranty Trust 5,000,000 04/14/94
Each such unsecured promissory note bears interest at a rate
(after giving effect to any fees or compensating balance
requirements) not exceeding 125% of the lending bank's prime rate
for commercial borrowings, as in effect at the date of borrowing.
During the period of January 1, 1994 through March 31, 1994,
the Companies repaid unsecured promissory notes issued to banks,
as follows:
GPU
Date Bank Amount
01/11/94 Banca Popolare Di Milano $ 9,100,000
01/18/94 Chemical Bank New Jersey 10,000,000
01/25/94 PNC Bank, N.A. 100,000
01/25/94 PNC Bank, N.A. 400,000
01/25/94 PNC Bank, N.A. 100,000
01/25/94 First Fidelity Bank, N.A. 100,0000
1/25/94 First Fidelity Bank, N.A. 4,200,000
02/10/94 Chemical Bank New Jersey 100,000
02/10/94 Canadian Imperial Bank 9,200,000
02/15/94 PNC Bank, N.A. 8,400,000
02/18/94 Banca Popolare Di Milano 10,000,000
02/23/94 PNC Bank, N.A. 100,000
03/08/94 First Fidelity Bank, N.A. 9,600,000
03/30/94 Chemical Bank New Jersey 100,000
03/31/94 United States National Bank 100,000
JCP&L
Date Bank Amount
01/04/94 PNC Bank, N.A. $ 20,500,000
01/05/94 PNC Bank, N.A. 9,900,000
01/06/94 PNC Bank, N.A. 6,400,000
01/07/94 Swiss Bank Corporation 5,900,000
01/10/94 United States National Bank 4,300,000
01/11/94 United States National Bank 3,700,000
01/11/94 First Fidelity Bank, N.A. 3,500,000
01/21/94 First Fidelity Bank, N.A. 300,000
02/07/94 Union Bank of Switzerland 3,100,000
9
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02/24/94 First Fidelity Bank, N.A. 2,100,000
03/02/94 PNC Bank, N.A. 2,100,000
03/03/94 First Fidelity Bank, N.A. 3,200,000
03/07/94 PNC Bank, N.A. 3,400,000
03/09/94 First Fidelity Bank, N.A. 6,000,000
03/10/94 Merchants National Bank 800,000
Met-Ed
Date Bank Amount
01/04/94 Bank of Pennsylvania $ 3,600,000
01/04/94 Bank of Pennsylvania 5,700,000
01/05/94 PNC Bank, N.A. 2,800,000
01/06/94 Banca Popolare Di Milano 5,900,000
01/07/94 First Fidelity Bank, N.A. 2,100,000
01/07/94 First Fidelity Bank, N.A. 200,000
01/07/94 First Fidelity Bank, N.A. 3,700,000
01/10/94 Union Bank of Switzerland 10,000,000
01/11/94 First Fidelity Bank, N.A. 6,100,000
01/12/94 Morgan Guaranty Trust 3,500,000
01/12/94 First Fidelity Bank, N.A. 2,200,000
01/13/94 First Fidelity Bank, N.A. 4,400,000
01/14/94 Chase Manhattan Bank 6,500,000
01/18/94 First Fidelity Bank, N.A. 7,900,000
01/19/94 PNC Bank, N.A. 5,000,000
01/21/94 First Fidelity Bank, N.A. 6,400,000
01/21/94 PNC Bank, N.A. 2,900,000
01/24/94 Chase Manhattan Bank 10,000,000
01/24/94 First Fidelity Bank, N.A. 3,500,000
01/25/94 First Fidelity Bank, N.A. 10,000,000
01/26/94 Morgan Guaranty Trust 11,200,000
01/26/94 Canadian Imperial Bank 7,400,000
01/27/94 PNC Bank, N.A. 1,300,000
01/27/94 Banca Popolare Di Milano 4,100,000
01/27/94 First Fidelity Bank, N.A. 6,900,000
01/28/94 Chase Manhattan Bank 13,200,000
01/28/94 First Fidelity Bank, N.A. 3,400,000
01/31/94 First Fidelity Bank, N.A. 1,300,000
01/31/94 First Fidelity Bank, N.A. 16,100,000
01/31/94 First Fidelity Bank, N.A. 6,500,000
02/01/94 First Fidelity Bank, N.A. 10,700,000
02/02/94 Morgan Guaranty Trust 14,200,000
02/03/94 Chemical Bank New Jersey 2,000,000
02/04/94 Union Bank of Switzerland 8,900,000
02/07/94 Union Bank of Switzerland 7,500,000
02/07/94 Chase Manhattan Bank 11,200,000
02/07/94 First Fidelity Bank, N.A. 26,000,000
02/07/94 Chemical Bank New Jersey 2,000,000
02/08/94 First Fidelity Bank, N.A. 10,000,000
02/08/94 Chemical Bank New Jersey 7,900,000
02/08/94 Union Bank of Switzerland 2,600,000
10
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02/08/94 Chase Manhattan Bank 7,800,000
02/08/94 Chase Manhattan Bank 4,100,000
02/08/94 Chase Manhattan Bank 8,700,000
02/08/94 First Fidelity Bank, N.A. 15,000,000
11
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Met-Ed (Cont.)
Date Bank Amount
02/09/94 PNC Bank, N.A. 1,700,000
02/09/94 First Fidelity Bank, N.A. 16,000,000
02/10/94 Morgan Guaranty Trust 15,000,000
02/11/94 Chase Manhattan Bank 3,200,000
02/11/94 First Fidelity Bank, N.A. 10,000,000
02/11/94 Chemical Bank New Jersey 10,000,000
02/11/94 First Fidelity Bank, N.A. 4,000,000
02/14/94 Morgan Guaranty Trust 10,000,000
02/14/94 First Fidelity Bank, N.A. 2,700,000
02/14/94 First Fidelity Bank, N.A. 3,500,000
02/15/94 Chase Manhattan Bank 24,600,000
02/16/94 First Fidelity Bank, N.A. 8,500,000
02/16/94 First Fidelity Bank, N.A. 9,400,000
02/17/94 First Fidelity Bank, N.A. 7,300,000
02/18/94 Chemical Bank New Jersey 5,500,000
02/22/94 First Fidelity Bank, N.A. 5,000,000
02/23/94 PNC Bank, N.A. 5,500,000
02/23/94 First Fidelity Bank, N.A. 7,000,000
02/23/94 Morgan Guaranty Trust 5,000,000
02/24/94 First Fidelity Bank, N.A. 9,400,000
02/24/94 First Fidelity Bank, N.A. 6,500,000
02/25/94 PNC Bank, N.A. 3,300,000
02/25/94 PNC Bank, N.A. 2,000,000
02/28/94 First Fidelity Bank, N.A. 10,800,000
03/01/94 Morgan Guaranty Trust 15,700,000
03/02/94 First Fidelity Bank, N.A. 10,000,000
03/03/94 PNC Bank, N.A. 7,600,000
03/03/94 First Fidelity Bank, N.A. 2,800,000
03/04/94 First Fidelity Bank, N.A. 6,100,000
03/07/94 PNC Bank, N.A. 3,900,000
03/08/94 Union Bank of Switzerland 10,000,000
03/09/94 First Fidelity Bank, N.A. 3,800,000
03/10/94 PNC Bank, N.A. 2,300,000
03/11/94 First Fidelity Bank, N.A. 10,700,000
03/14/94 First Fidelity Bank, N.A. 10,500,000
03/16/94 Chemical Bank New Jersey 5,000,000
03/16/94 First Fidelity Bank, N.A. 6,600,000
03/17/94 First Fidelity Bank, N.A. 4,100,000
03/18/94 First Fidelity Bank, N.A. 10,000,000
03/21/94 First Fidelity Bank, N.A. 10,000,000
03/22/94 Bank of Pennsylvania 6,600,000
03/23/94 Midlantic National Bank 10,000,000
03/24/94 Morgan Guaranty Trust 6,200,000
03/24/94 First Fidelity Bank, N.A. 5,000,000
03/25/94 First Fidelity Bank, N.A. 8,000,000
03/25/94 Chemical Bank New Jersey 1,600,000
03/28/94 First Fidelity Bank, N.A. 9,100,000
03/29/94 Citibank, N.A. 7,100,000
12
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03/29/94 Morgan Guaranty Trust 10,700,000
03/30/94 First Fidelity Bank, N.A. 7,500,000
03/31/94 Morgan Guaranty Trust 8,300,000
Penelec
Date Bank Amount
01/04/94 Swiss Bank Corporation $ 10,000,000
01/05/94 PNC Bank, N.A. 1,000,000
01/06/94 First Fidelity Bank, N.A. 1,500,000
01/06/94 Mellon Bank, N.A. 3,000,000
01/07/94 Mellon Bank, N.A. 3,600,000
01/11/94 United States National Bank 5,000,000
01/12/94 PNC Bank, N.A. 2,800,000
01/13/94 First Fidelity Bank, N.A. 2,600,000
01/13/94 Swiss Bank Corporation 2,900,000
01/14/94 First Fidelity Bank, N.A. 5,300,000
01/19/94 Morgan Guaranty Trust 9,500,000
01/20/94 Union Bank of Switzerland 5,000,000
01/24/94 Morgan Guaranty Trust 20,100,000
01/24/94 Morgan Guaranty Trust 11,500,000
01/25/94 First Fidelity Bank, N.A. 4,600,000
01/25/94 Mellon Bank, N.A. 5,100,000
01/25/94 Mellon Bank, N.A. 3,500,000
01/25/94 Mellon Bank, N.A. 20,800,000
01/26/94 First Fidelity Bank, N.A. 8,300,000
01/26/94 Mellon Bank, N.A. 5,700,000
01/26/94 Mellon Bank, N.A. 24,300,000
01/26/94 Morgan Guaranty Trust 7,800,000
01/26/94 Mellon Bank, N.A. 6,300,000
01/26/94 Morgan Guaranty Trust 6,300,000
01/26/94 United States National Bank 6,000,000
01/27/94 Morgan Guaranty Trust 4,900,000
01/28/94 Morgan Guaranty Trust 8,600,000
02/02/94 Swiss Bank Corporation 4,100,000
02/03/94 Mellon Bank, N.A. 7,000,000
02/07/94 Swiss Bank Corporation 10,000,000
02/07/94 Morgan Guaranty Trust 4,000,000
02/08/94 Mellon Bank, N.A. 10,800,000
02/08/94 Mellon Bank, N.A. 6,600,000
02/09/94 First Fidelity Bank, N.A. 2,200,000
02/09/94 First Fidelity Bank, N.A. 10,000,000
02/10/94 First Fidelity Bank, N.A. 12,500,000
02/11/94 First Fidelity Bank, N.A. 7,600,000
02/11/94 First Fidelity Bank, N.A. 2,900,000
02/14/94 First Fidelity Bank, N.A. 7,300,000
02/15/94 First Fidelity Bank, N.A. 1,000,000
02/15/94 First Fidelity Bank, N.A. 7,000,000
02/16/94 PNC Bank, N.A. 4,600,000
02/17/94 Mellon Bank, N.A. 5,400,000
02/18/94 PNC Bank, N.A. 3,400,000
13
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Penelec (Cont.)
Date Bank Amount
02/22/94 First Fidelity Bank, N.A. 2,300,000
02/23/94 First Fidelity Bank, N.A. 2,700,000
02/24/94 First Fidelity Bank, N.A. 2,400,000
03/02/94 First Fidelity Bank, N.A. 3,600,000
03/08/94 Swiss Bank Corporation 8,800,000
03/09/94 Mellon Bank, N.A. 6,600,000
03/10/94 Mellon Bank, N.A. 5,500,000
03/11/94 Mellon Bank, N.A. 4,500,000
03/14/94 Mellon Bank, N.A. 2,000,000
03/16/94 Mellon Bank, N.A. 9,500,000
03/17/94 First Fidelity Bank, N.A. 10,400,000
03/22/94 First Fidelity Bank, N.A. 10,000,000
03/23/94 First Fidelity Bank, N.A. 5,100,000
03/24/94 Citibank, N.A. 3,800,000
03/25/94 Mellon Bank, N.A. 8,400,000
03/28/94 Bank of New York 6,000,000
03/30/94 Morgan Guaranty Trust 3,700,000
To summarize the above transactions, at March 31, 1994, the
GPU Companies had outstanding unsecured promissory notes pursuant
to informal bank lines of credit as follows:
GPU $36,000,000
JCP&L 0
Met-Ed 54,300,000
Penelec 27,000,000
14
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY
HOLDING COMPANY ACT OF 1935, THE UNDERSIGNED COMPANIES HAVE DULY
CAUSED THIS STATEMENT TO BE SIGNED ON THEIR BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.
GENERAL PUBLIC UTILITIES CORPORATION
JERSEY CENTRAL POWER & LIGHT COMPANY
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
By:_____________________________
Don W. Myers
Vice President and Treasurer
Date: April 7, 1994
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