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
Metropolitan Edison Company : Pursuant To Rule
Pennsylvania Electric Company : 24 of Partial
: Completion of
: 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 October 1, 1993 through December
31, 1993, the GPU Companies issued no promissory notes
representing borrowings under the Credit Agreement, dated March
19, 1992, between the GPU Companies, certain banks parties
<PAGE>
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 September 30, 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 27,200,000
Penelec 31,000,000
3. During the period October 1, 1993 through December
31, 1993, JCP&L, Met-Ed, and Penelec issued and sold (and paid at
maturity where such commercial paper matured on or before
December 31, 1993) 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
10/06/93 10/13/93 $25,000,000
Penelec
Date of Issuance Maturity Date Amount
10/06/93 10/28/93 $15,200,000
10/07/93 11/03/93 1,000,000
10/07/93 11/02/93 21,800,000
10/12/93 11/12/93 11,400,000
11/12/93 12/09/93 15,400,000
11/17/93 12/13/93 16,500,000
11/29/93 12/20/93 16,100,000
12/01/93 01/11/94 10,200,000
12/06/93 01/10/94 12,200,000
12/13/93 01/18/94 15,000,000
To summarize the above transactions, at December 31, 1993,
2
<PAGE>
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
4. At the close of business on September 30, 1993, the GPU
Companies had outstanding unsecured short-term promissory notes
representing bank borrowings under informal bank lines, as
follows:
Company Amount
GPU $82,500,000
JCP&L 0
Met-Ed 71,900,000
Penelec 12,600,000
During the period October 1, 1993 through December 31, 1993,
the GPU Companies issued unsecured promissory notes representing
bank borrowings under informal bank lines of credit as follows:
GPU
Issue
Date Bank Amount Maturity
10/01/93 Morgan Guaranty Trust $ 9,400,000 10/12/93
10/04/93 Chemical Bank New Jersey 4,800,000 10/12/93
10/05/93 Mellon Bank, N.A. 12,400,000 10/14/93
10/06/93 Canadian Imperial Bank 15,700,000 10/14/93
10/06/93 First Fidelity Bank, N.A. 9,000,000 10/14/93
10/06/93 Banca Popolare Di Milano 15,000,000 10/14/93
10/07/93 First Fidelity Bank, N.A. 3,300,000 10/14/93
10/12/93 PNC Bank, N.A. 5,400,000 10/15/93
10/12/93 Chemical Bank New Jersey 10,000,000 10/14/93
10/12/93 Bank of Pennsylvania 12,000,000 10/14/93
10/14/93 Bank of New York 25,000,000 10/15/93
10/14/93 Canadian Imperial Bank 19,300,000 10/15/93
3
<PAGE>
GPU (cont.)
Issue
Date Bank Amount Maturity
10/14/93 PNC Bank, N.A. $ 8,600,000 10/15/93
10/14/93 Mellon Bank, N.A. 30,000,000 10/15/93
10/15/93 First Fidelity Bank, N.A. 4,100,000 10/28/93
10/20/93 Merchants National Bank 100,000 11/24/93
10/28/93 Morgan Guaranty Trust 4,100,000 12/23/93
11/01/93 Merchants National Bank 100,000 11/24/93
11/24/93 Chemical Bank New Jersey 10,000,000 01/18/94
11/24/93 Banca Popolare Di Milano 9,100,000 01/11/94
12/14/93 PNC Bank, N.A. 8,400,000 02/15/94
12/15/93 First Fidelity Bank, N.A. 300,000 12/23/93
12/23/93 First Fidelity Bank, N.A. 4,200,000 01/25/94
12/27/93 PNC Bank, N.A. 400,000 01/25/94
JCP&L
Issue
Date Bank Amount Maturity
10/01/93 Morgan Guaranty Trust $20,000,000 10/08/93
10/01/93 Chase Manhattan Bank 12,600,000 10/06/93
10/04/93 Union Bank of Switzerland 10,900,000 10/05/93
10/05/93 First Fidelity Bank, N.A. 2,900,000 10/07/93
10/06/93 First Fidelity Bank, N.A. 7,500,000 10/07/93
10/07/93 First Fidelity Bank, N.A. 7,500,000 10/12/93
10/08/93 Morgan Guaranty Trust 18,000,000 10/13/93
10/12/93 United States National Bank 3,000,000 10/14/93
10/13/93 PNC Bank, N.A. 4,200,000 10/14/93
10/13/93 Chase Manhattan Bank 5,700,000 10/14/93
10/14/93 First Fidelity Bank, N.A. 3,100,000 10/15/93
Met-Ed
Issue
Date Bank Amount Maturity
10/01/93 Chase Manhattan Bank $ 8,100,000 10/12/93
10/05/93 First Fidelity Bank, N.A. 5,000,000 10/14/93
10/06/93 PNC Bank, N.A. 6,700,000 10/13/93
10/06/93 Chase Manhattan Bank 16,900,000 10/14/93
10/07/93 First Fidelity Bank, N.A. 3,400,000 10/08/93
10/07/93 First Fidelity Bank, N.A. 15,000,000 10/14/93
10/07/93 Morgan Guaranty Trust 15,000,000 10/14/93
10/08/93 First Fidelity Bank, N.A. 1,500,000 10/15/93
10/12/93 PNC Bank, N.A. 2,900,000 10/15/93
10/12/93 First Fidelity Bank, N.A. 12,200,000 10/15/93
10/13/93 Morgan Guaranty Trust 10,000,000 10/19/93
4
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Met-Ed (cont.)
Issue
Date Bank Amount Maturity
10/13/93 Union Bank of Switzerland $15,000,000 10/19/93
10/13/93 PNC Bank, N.A. 2,500,000 10/18/93
10/14/93 First Fidelity Bank, N.A. 9,200,000 10/19/93
10/14/93 Bank of Pennsylvania 5,900,000 10/18/93
10/14/93 First Fidelity Bank, N.A. 20,000,000 10/15/93
10/14/93 Banca Popolare Di Milano 15,000,000 10/15/93
10/18/93 First Fidelity Bank, N.A. 6,400,000 10/21/93
10/18/93 First Fidelity Bank, N.A. 2,000,000 10/19/93
10/19/93 First Fidelity Bank, N.A. 4,800,000 10/22/93
10/20/93 First Fidelity Bank, N.A. 8,000,000 10/26/93
10/20/93 First Fidelity Bank, N.A. 2,000,000 10/21/93
10/21/93 First Fidelity Bank, N.A. 600,000 10/22/93
10/22/93 First Fidelity Bank, N.A. 2,700,000 10/25/93
10/25/93 First Fidelity Bank, N.A. 2,400,000 10/27/93
10/26/93 First Fidelity Bank, N.A. 5,600,000 10/28/93
10/27/93 First Fidelity Bank, N.A. 5,100,000 11/02/93
10/28/93 First Fidelity Bank, N.A. 4,000,000 11/05/93
10/29/93 First Fidelity Bank, N.A. 3,700,000 11/08/93
11/01/93 First Fidelity Bank, N.A. 5,200,000 11/09/93
11/02/93 First Fidelity Bank, N.A. 1,200,000 11/10/93
11/03/93 PNC Bank, N.A. 2,500,000 11/10/93
11/03/93 PNC Bank, N.A. 3,000,000 11/04/93
11/04/93 First Fidelity Bank, N.A. 900,000 11/05/93
11/05/93 First Fidelity Bank, N.A. 2,600,000 11/12/93
11/08/93 First Fidelity Bank, N.A. 3,500,000 11/15/93
11/09/93 First Fidelity Bank, N.A. 1,900,000 11/16/93
11/10/93 First Fidelity Bank, N.A. 5,100,000 11/16/93
11/12/93 First Fidelity Bank, N.A. 2,000,000 11/15/93
11/15/93 First Fidelity Bank, N.A. 2,200,000 11/17/93
11/16/93 First Fidelity Bank, N.A. 3,300,000 11/19/93
11/16/93 First Fidelity Bank, N.A. 2,000,000 11/17/93
11/17/93 First Fidelity Bank, N.A. 3,600,000 11/23/93
11/18/93 First Fidelity Bank, N.A. 1,300,000 11/19/93
11/18/93 Chase Manhattan Bank 15,000,000 12/14/93
11/18/93 Chase Manhattan Bank 10,000,000 12/21/93
11/18/93 Morgan Guaranty Trust 15,000,000 12/07/93
11/19/93 Bank of Pennsylvania 3,400,000 11/26/93
11/22/93 First Fidelity Bank, N.A. 3,000,000 11/23/93
11/22/93 First Fidelity Bank, N.A. 7,600,000 11/29/93
11/23/93 First Fidelity Bank, N.A. 2,200,000 11/24/93
11/24/93 First Fidelity Bank, N.A. 2,700,000 11/30/93
11/26/93 PNC Bank, N.A. 5,200,000 11/29/93
11/29/93 First Fidelity Bank, N.A. 9,500,000 12/10/93
11/29/93 First Fidelity Bank, N.A. 2,000,000 11/30/93
11/30/93 First Fidelity Bank, N.A. 6,500,000 12/08/93
12/01/93 First Fidelity Bank, N.A. 2,300,000 12/02/93
12/02/93 Bank of Pennsylvania 3,600,000 01/04/94
12/03/93 PNC Bank, N.A. 5,300,000 12/06/93
5
<PAGE>
Met-Ed (cont.)
Issue
Date Bank Amount Maturity
12/06/93 PNC Bank, N.A. $ 2,800,000 01/05/94
12/06/93 First Fidelity Bank, N.A. 4,200,000 12/13/93
12/07/93 Union Bank of Switzerland 7,500,000 12/09/93
12/07/93 Banca Popolare Di Milano 5,900,000 01/06/94
12/08/93 Bank of Pennsylvania 5,700,000 01/04/94
12/09/93 First Fidelity Bank, N.A. 6,100,000 01/11/94
12/10/93 First Fidelity Bank, N.A. 7,900,000 01/18/94
12/13/93 First Fidelity Bank, N.A. 4,500,000 12/16/93
12/14/93 First Fidelity Bank, N.A. 10,000,000 01/25/94
12/14/93 Union Bank of Switzerland 4,100,000 12/17/93
12/15/93 United States National Bank 2,600,000 12/24/93
12/15/93 United States National Bank 5,000,000 12/28/93
12/15/93 Union Bank of Switzerland 10,000,000 01/10/94
12/16/93 First Fidelity Bank, N.A. 3,600,000 12/23/93
12/17/93 First Fidelity Bank, N.A. 2,100,000 12/22/93
12/20/93 Chase Manhattan Bank 11,200,000 02/07/94
12/21/93 First Fidelity Bank, N.A. 2,100,000 01/07/94
12/21/93 First Fidelity Bank, N.A. 3,700,000 01/07/94
12/22/93 PNC Bank, N.A. 1,300,000 12/29/93
12/23/93 United States National Bank 2,000,000 12/27/93
12/24/93 PNC Bank, N.A. 800,000 12/27/93
12/27/93 Canadian Imperial Bank 7,400,000 01/26/94
12/28/93 PNC Bank, N.A. 700,000 12/29/93
12/29/93 PNC Bank, N.A. 1,000,000 12/30/93
12/30/93 First Fidelity Bank, N.A. 200,000 01/07/94
12/31/93 PNC Bank, N.A. 5,000,000 01/19/94
Penelec
Issue
Date Bank Amount Maturity
10/01/93 Morgan Guaranty Trust $ 6,700,000 10/14/93
10/04/93 Mellon Bank, N.A. 3,500,000 10/05/93
10/05/93 First Fidelity Bank, N.A. 3,400,000 10/07/93
10/07/93 First Fidelity Bank, N.A. 2,000,000 10/08/93
10/07/93 Swiss Bank Corporation 10,000,000 10/21/93
10/13/93 Morgan Guaranty Trust 4,800,000 10/19/93
10/14/93 Bank of Pennsylvania 4,700,000 10/18/93
10/14/93 PNC Bank, N.A. 1,000,000 10/15/93
10/18/93 First Fidelity Bank, N.A. 3,600,000 10/19/93
10/19/93 First Fidelity Bank, N.A. 3,700,000 10/22/93
10/20/93 First Fidelity Bank, N.A. 1,200,000 10/25/93
10/21/93 First Fidelity Bank, N.A. 5,000,000 10/26/93
10/21/93 First Fidelity Bank, N.A. 2,300,000 10/22/93
10/22/93 First Fidelity Bank, N.A. 4,200,000 10/25/93
10/25/93 First Fidelity Bank, N.A. 2,600,000 10/26/93
6
<PAGE>
Penelec (cont.)
Issue
Date Bank Amount Maturity
10/26/93 First Fidelity Bank, N.A. $ 2,900,000 11/04/93
10/27/93 First Fidelity Bank, N.A. 1,400,000 11/05/93
10/28/93 Morgan Guaranty Trust 17,400,000 12/06/93
10/29/93 First Fidelity Bank, N.A. 4,300,000 11/08/93
11/01/93 First Fidelity Bank, N.A. 3,800,000 11/10/93
11/01/93 First Fidelity Bank, N.A. 6,000,000 11/09/93
11/02/93 First Fidelity Bank, N.A. 8,000,000 11/29/93
11/02/93 Swiss Bank Corporation 10,000,000 11/29/93
11/03/93 First Fidelity Bank, N.A. 4,200,000 11/15/93
11/04/93 First Fidelity Bank, N.A. 1,800,000 11/17/93
11/05/93 First Fidelity Bank, N.A. 600,000 11/18/93
11/08/93 First Fidelity Bank, N.A. 2,600,000 11/18/93
11/09/93 First Fidelity Bank, N.A. 600,000 11/22/93
11/10/93 First Fidelity Bank, N.A. 3,400,000 11/23/93
11/15/93 PNC Bank, N.A. 1,900,000 11/16/93
11/17/93 First Fidelity Bank, N.A. 3,000,000 11/19/93
11/18/93 First Fidelity Bank, N.A. 3,700,000 11/23/93
11/19/93 First Fidelity Bank, N.A. 1,900,000 11/22/93
11/22/93 Merchants National Bank 600,000 11/23/93
11/23/93 First Fidelity Bank, N.A. 3,900,000 11/24/93
11/24/93 First Fidelity Bank, N.A. 1,300,000 11/26/93
11/26/93 PNC Bank, N.A. 1,100,000 11/29/93
11/29/93 First Fidelity Bank, N.A. 300,000 11/30/93
11/30/93 First Fidelity Bank, N.A. 5,800,000 12/07/93
12/02/93 First Fidelity Bank, N.A. 2,800,000 12/06/93
12/03/93 PNC Bank, N.A. 2,100,000 12/06/93
12/06/93 First Fidelity Bank, N.A. 10,000,000 12/27/93
12/07/93 First Fidelity Bank, N.A. 4,700,000 12/08/93
12/08/93 First Fidelity Bank, N.A. 4,400,000 12/14/93
12/09/93 First Fidelity Bank, N.A. 4,200,000 12/10/93
12/09/93 Swiss Bank Corporation 10,000,000 01/04/94
12/10/93 First Fidelity Bank, N.A. 3,300,000 12/14/93
12/14/93 First Fidelity Bank, N.A. 1,900,000 12/16/93
12/15/93 Morgan Guaranty Trust 20,100,000 01/24/94
12/15/93 Merchants National Bank 1,000,000 12/16/93
12/16/93 First Fidelity Bank, N.A. 3,100,000 12/17/93
12/17/93 First Fidelity Bank, N.A. 1,100,000 12/21/93
12/20/93 Morgan Guaranty Trust 11,500,000 01/24/94
12/20/93 Union Bank of Switzerland 5,000,000 12/21/93
12/21/93 PNC Bank, N.A. 1,100,000 12/29/93
12/22/93 First Fidelity Bank, N.A. 1,500,000 01/06/94
12/27/93 PNC Bank, N.A. 7,000,000 12/28/93
12/27/93 Morgan Guaranty Trust 9,500,000 01/19/94
12/28/93 Union Bank of Switzerland 5,000,000 01/20/94
12/30/93 First Fidelity Bank, N.A. 4,600,000 01/25/94
12/31/93 PNC Bank, N.A. 2,800,000 01/12/94
Each such unsecured promissory note bears interest at a rate
(after giving effect to any fees or compensating balance
7
<PAGE>
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 October 1, 1993 through December 31,
1993, the Companies repaid unsecured promissory notes issued to
banks, as follows:
GPU
Date Bank Amount
10/01/93 Morgan Guaranty Trust $ 9,300,000
10/04/93 Union Bank of Switzerland 1,800,000
10/04/93 Union Bank of Switzerland 3,000,000
10/05/93 First Fidelity Bank, N.A. 7,400,000
10/05/93 PNC Bank, N.A. 5,000,000
10/06/93 First Fidelity Bank, N.A. 4,500,000
10/06/93 Mellon Bank, N.A. 10,100,000
10/06/93 Morgan Guaranty Trust 15,000,000
10/06/93 Canadian Imperial Bank 10,000,000
10/07/93 First Fidelity Bank, N.A. 3,200,000
10/12/93 Morgan Guaranty Trust 9,400,000
10/12/93 Chemical Bank New Jersey 4,800,000
10/12/93 Union Bank of Switzerland 13,200,000
10/14/93 Bank of Pennsylvania 12,000,000
10/14/93 Chemical Bank New Jersey 10,000,000
10/14/93 First Fidelity Bank, N.A. 9,000,000
10/14/93 First Fidelity Bank, N.A. 3,300,000
10/14/93 Canadian Imperial Bank 15,700,000
10/14/93 Banca Popolare Di Milano 15,000,000
10/14/93 Mellon Bank, N.A. 12,400,000
10/15/93 Bank of New York 25,000,000
10/15/93 PNC Bank, N.A. 8,600,000
10/15/93 Canadian Imperial Bank 19,300,000
10/15/93 Mellon Bank, N.A. 30,000,000
10/15/93 PNC Bank, N.A. 5,400,000
10/28/93 First Fidelity Bank, N.A. 4,100,000
11/24/93 Merchants National Bank 100,000
11/24/93 Merchants National Bank 100,000
12/23/93 First Fidelity Bank, N.A. 300,000
12/23/93 Morgan Guaranty Trust 4,100,000
8
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JCP&L
Date Bank Amount
10/05/93 Union Bank of Switzerland $10,900,000
10/06/93 Chase Manhattan Bank 12,600,000
10/07/93 First Fidelity Bank, N.A. 2,900,000
10/07/93 First Fidelity Bank, N.A. 7,500,000
10/08/93 Morgan Guaranty Trust 20,000,000
10/12/93 First Fidelity Bank, N.A. 7,500,000
10/13/93 Morgan Guaranty Trust 18,000,000
10/14/93 PNC Bank, N.A. 4,200,000
10/14/93 United States National Bank 3,000,000
10/14/93 Chase Manhattan Bank 5,700,000
10/15/93 First Fidelity Bank, N.A. 3,100,000
Met-Ed
Date Bank Amount
10/05/93 First Fidelity Bank, N.A. $ 3,800,000
10/05/93 First Fidelity Bank, N.A. 3,500,000
10/06/93 Morgan Guaranty Trust 15,000,000
10/06/93 First Fidelity Bank, N.A. 7,300,000
10/06/93 Canadian Imperial Bank 7,500,000
10/07/93 PNC Bank, N.A. 7,000,000
10/07/93 Morgan Guaranty Trust 10,000,000
10/07/93 First Fidelity Bank, N.A. 13,900,000
10/07/93 Chemical Bank New Jersey 3,900,000
10/08/93 First Fidelity Bank, N.A. 3,400,000
10/12/93 Chase Manhattan Bank 8,100,000
10/13/93 PNC Bank, N.A. 6,700,000
10/14/93 Morgan Guaranty Trust 15,000,000
10/14/93 First Fidelity Bank, N.A. 15,000,000
10/14/93 First Fidelity Bank, N.A. 5,000,000
10/14/93 Chase Manhattan Bank 16,900,000
10/15/93 First Fidelity Bank, N.A. 1,500,000
10/15/93 First Fidelity Bank, N.A. 20,000,000
10/15/93 Banca Popolare Di Milano 15,000,000
10/15/93 First Fidelity Bank, N.A. 12,200,000
10/15/93 PNC Bank, N.A. 2,900,000
10/18/93 PNC Bank, N.A. 2,500,000
10/18/93 Bank of Pennsylvania 5,900,000
10/19/93 First Fidelity Bank, N.A. 9,200,000
10/19/93 First Fidelity Bank, N.A. 2,000,000
10/19/93 Morgan Guaranty Trust 10,000,000
10/19/93 Union Bank of Switzerland 15,000,000
10/21/93 First Fidelity Bank, N.A. 2,000,000
10/21/93 First Fidelity Bank, N.A. 6,400,000
10/22/93 First Fidelity Bank, N.A. 600,000
10/22/93 First Fidelity Bank, N.A. 4,800,000
10/25/93 First Fidelity Bank, N.A. 2,700,000
9
<PAGE>
Met-Ed (cont.)
Date Bank Amount
10/26/93 First Fidelity Bank, N.A. $ 8,000,000
10/27/93 First Fidelity Bank, N.A. 2,400,000
10/28/93 First Fidelity Bank, N.A. 5,600,000
11/02/93 First Fidelity Bank, N.A. 5,100,000
11/04/93 PNC Bank, N.A. 3,000,000
11/05/93 First Fidelity Bank, N.A. 4,000,000
11/05/93 First Fidelity Bank, N.A. 900,000
11/08/93 First Fidelity Bank, N.A. 3,700,000
11/09/93 First Fidelity Bank, N.A. 5,200,000
11/10/93 PNC Bank, N.A. 2,500,000
11/10/93 First Fidelity Bank, N.A. 1,200,000
11/12/93 First Fidelity Bank, N.A. 2,600,000
11/15/93 First Fidelity Bank, N.A. 2,000,000
11/15/93 First Fidelity Bank, N.A. 3,500,000
11/16/93 First Fidelity Bank, N.A. 1,900,000
11/16/93 First Fidelity Bank, N.A. 5,100,000
11/17/93 First Fidelity Bank, N.A. 2,000,000
11/17/93 First Fidelity Bank, N.A. 2,200,000
11/19/93 First Fidelity Bank, N.A. 3,300,000
11/19/93 First Fidelity Bank, N.A. 1,300,000
11/23/93 First Fidelity Bank, N.A. 3,000,000
11/23/93 First Fidelity Bank, N.A. 3,600,000
11/24/93 First Fidelity Bank, N.A. 2,200,000
11/26/93 Bank of Pennsylvania 3,400,000
11/29/93 First Fidelity Bank, N.A. 7,600,000
11/29/93 PNC Bank, N.A. 5,200,000
11/30/93 First Fidelity Bank, N.A. 2,000,000
11/30/93 First Fidelity Bank, N.A. 2,700,000
12/02/93 First Fidelity Bank, N.A. 2,300,000
12/06/93 PNC Bank, N.A. 5,300,000
12/07/93 Morgan Guaranty Trust 15,000,000
12/08/93 First Fidelity Bank, N.A. 6,500,000
12/09/93 Union Bank of Switzerland 7,500,000
12/10/93 First Fidelity Bank, N.A. 9,500,000
12/13/93 First Fidelity Bank, N.A. 4,200,000
12/14/93 Chase Manhattan Bank 15,000,000
12/16/93 First Fidelity Bank, N.A. 4,500,000
12/17/93 Union Bank of Switzerland 4,100,000
12/21/93 Chase Manhattan Bank 10,000,000
12/22/93 First Fidelity Bank, N.A. 2,100,000
12/23/93 First Fidelity Bank, N.A. 3,600,000
12/24/93 United States National Bank 2,600,000
12/27/93 United States National Bank 2,000,000
12/27/93 PNC Bank, N.A. 800,000
12/28/93 United States National Bank 5,000,000
12/29/93 PNC Bank, N.A. 700,000
12/29/93 PNC Bank, N.A. 1,300,000
12/30/93 PNC Bank, N.A. 1,000,000
10
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Penelec
Date Bank Amount
10/05/93 Mellon Bank, N.A. $ 3,500,000
10/05/93 PNC Bank, N.A. 3,000,000
10/05/93 First Fidelity Bank, N.A. 2,300,000
10/07/93 First Fidelity Bank, N.A. 3,400,000
10/08/93 First Fidelity Bank, N.A. 2,000,000
10/13/93 Mellon Bank, N.A. 7,300,000
10/14/93 Morgan Guaranty Trust 6,700,000
10/15/93 PNC Bank, N.A. 1,000,000
10/18/93 Bank of Pennsylvania 4,700,000
10/19/93 First Fidelity Bank, N.A. 3,600,000
10/19/93 Morgan Guaranty Trust 4,800,000
10/21/93 Swiss Bank Corporation 10,000,000
10/22/93 First Fidelity Bank, N.A. 3,700,000
10/22/93 First Fidelity Bank, N.A. 2,300,000
10/25/93 First Fidelity Bank, N.A. 4,200,000
10/25/93 First Fidelity Bank, N.A. 1,200,000
10/26/93 First Fidelity Bank, N.A. 5,000,000
10/26/93 First Fidelity Bank, N.A. 2,600,000
11/04/93 First Fidelity Bank, N.A. 2,900,000
11/05/93 First Fidelity Bank, N.A. 1,400,000
11/08/93 First Fidelity Bank, N.A. 4,300,000
11/09/93 First Fidelity Bank, N.A. 6,000,000
11/10/93 First Fidelity Bank, N.A. 3,800,000
11/15/93 First Fidelity Bank, N.A. 4,200,000
11/16/93 PNC Bank, N.A. 1,900,000
11/17/93 First Fidelity Bank, N.A. 1,800,000
11/18/93 First Fidelity Bank, N.A. 2,600,000
11/18/93 First Fidelity Bank, N.A. 600,000
11/19/93 First Fidelity Bank, N.A. 3,000,000
11/22/93 First Fidelity Bank, N.A. 600,000
11/22/93 First Fidelity Bank, N.A. 1,900,000
11/23/93 First Fidelity Bank, N.A. 3,700,000
11/23/93 Merchants National Bank 600,000
11/23/93 First Fidelity Bank, N.A. 3,400,000
11/24/93 First Fidelity Bank, N.A. 3,900,000
11/26/93 First Fidelity Bank, N.A. 1,300,000
11/29/93 PNC Bank, N.A. 1,100,000
11/29/93 First Fidelity Bank, N.A. 8,000,000
11/29/93 Swiss Bank Corporation 10,000,000
11/30/93 First Fidelity Bank, N.A. 300,000
12/06/93 PNC Bank, N.A. 2,100,000
12/06/93 First Fidelity Bank, N.A. 2,800,000
12/06/93 Morgan Guaranty Trust 17,400,000
12/07/93 First Fidelity Bank, N.A. 5,800,000
12/08/93 First Fidelity Bank, N.A. 4,700,000
12/10/93 First Fidelity Bank, N.A. 4,200,000
12/14/93 First Fidelity Bank, N.A. 3,300,000
12/14/93 First Fidelity Bank, N.A. 4,400,000
12/16/93 Merchants National Bank 1,000,000
11
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Penelec (cont.)
Date Bank Amount
12/16/93 First Fidelity Bank, N.A. $ 1,900,000
12/17/93 First Fidelity Bank, N.A. 3,100,000
12/21/93 First Fidelity Bank, N.A. 1,100,000
12/21/93 Union Bank of Switzerland 5,000,000
12/27/93 First Fidelity Bank, N.A. 10,000,000
12/28/93 PNC Bank, N.A. 7,000,000
12/29/93 PNC Bank, N.A. 1,100,000
To summarize the above transactions, at December 31, 1993,
the GPU Companies had outstanding unsecured promissory notes
pursuant to informal bank lines of credit as follows:
GPU $32,100,000
JCP&L 0
Met-Ed 81,600,000
Penelec 65,000,000
12
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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: /s/ Don W. Myers
Don W. Myers
Vice President and Treasurer
Date: January 12, 1994
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