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 : 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, and Supplemental
Order, dated October 26, 1994, with respect to said Declaration,
as follows:
1. During the period January 1, 1995 through March 31,
1995, the GPU Companies issued no promissory notes representing
borrowings under the Credit Agreement, dated March 19, 1992, as
amended by First Amendment, dated as of November 1, 1994, between
the GPU Companies, certain banks parties thereto, and Chemical
1<PAGE>
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, 1994,
JCP&L, Met-Ed and Penelec had outstanding unsecured short-term
promissory notes issued as commercial paper as follows:
Company Amount
JCP&L $33,000,000
Met-Ed 0
Penelec 27,000,000
3. During the period January 1, 1995 through March
31, 1995, JCP&L, Met-Ed, and Penelec issued and sold (and paid at
maturity where such commercial paper matured on or before
March 31, 1995) unsecured short-term promissory notes as
commercial paper as follows:
JCP&L
Date of Issuance Maturity Date Amount
01/12/95 03/13/95 $11,900,000
02/01/95 02/15/95 17,500,000
02/03/95 02/17/95 18,500,000
02/13/95 02/23/95 5,000,000
02/21/95 03/20/95 11,100,000
Met-Ed
Date of Issuance Maturity Date Amount
02/06/95 02/17/95 $ 4,400,000
02/07/95 02/16/95 9,800,000
02/09/95 02/15/95 4,400,000
02/21/95 02/28/95 8,200,000
02/22/95 03/01/95 27,900,000
02/23/95 03/03/95 8,800,000
03/03/95 03/10/95 10,000,000
03/15/95 04/04/95 9,000,000
03/15/95 03/27/95 20,000,000
03/22/95 03/28/95 11,000,000
03/27/95 04/10/95 15,500,000
03/28/95 04/18/95 6,300,000
03/30/95 04/24/95 8,000,000
2<PAGE>
Penelec
Date of Issuance Maturity Date Amount
01/19/95 02/02/95 $ 9,000,000
01/27/95 02/24/95 9,500,000
02/07/95 02/14/95 2,500,000
02/09/95 02/14/95 7,400,000
02/22/95 03/01/95 17,800,000
02/23/95 03/06/95 24,800,000
03/06/95 05/05/95 11,900,000
03/15/95 03/28/95 20,200,000
03/28/95 04/25/95 15,000,000
To summarize the above transactions, at March 31, 1995,
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 38,800,000
Penelec 26,900,000
4. At the close of business on December 31, 1994, the GPU
Companies had outstanding unsecured short-term promissory notes
representing bank borrowings under informal bank lines, as
follows:
Company Amount
GPU $126,000,000
JCP&L 77,500,000
Met-Ed 0
Penelec 84,300,000
During the period January 1, 1995 through March 31, 1995,
the GPU Companies issued unsecured promissory notes representing
bank borrowings under informal bank lines of credit as follows:
3<PAGE>
GPU
Issue
Date Bank Amount Maturity
01/06/95 Morgan Guaranty Trust $ 7,800,000 01/25/95
01/09/95 Canadian Imperial Bank 4,100,000 02/09/95
01/10/95 Chemical Bank 6,900,000 02/10/95
01/11/95 Merchants Nat'l Bank of Bangor 100,000 01/25/95
01/12/95 Canadian Imperial Bank 4,200,000 01/30/95
01/12/95 First Fidelity Bank, N.A. 4,500,000 03/13/95
01/13/95 PNC Bank, N.A. 7,000,000 02/03/95
01/17/95 Midlantic National Bank 200,000 01/20/95
01/17/95 First Fidelity Bank, N.A. 4,600,000 02/17/95
01/19/95 PNC Bank, N.A. 4,100,000 02/21/95
01/19/95 First Fidelity Bank, N.A. 6,700,000 02/02/95
01/20/95 First Fidelity Bank, N.A. 3,600,000 02/21/95
01/23/95 Union Bank of Switzerland 5,400,000 02/06/95
01/23/95 First Fidelity Bank, N.A. 1,600,000 02/06/95
01/25/95 Bank of Pennsylvania 1,000,000 02/08/95
01/25/95 National Community Bank 7,000,000 02/08/95
01/26/95 Banca Popolare di Milano 6,500,000 02/27/95
01/27/95 Morgan Guaranty Trust 5,000,000 02/16/95
01/27/95 PNC Bank, N.A. 3,900,000 02/24/95
01/27/95 Midlantic National Bank 10,000,000 02/27/95
01/30/95 Banca Popolare di Milano 6,000,000 02/23/95
01/30/95 Chemical Bank New Jersey 5,600,000 02/23/95
01/31/95 First Fidelity Bank, N.A. 100,000 02/02/95
02/02/95 United Jersey Bank, N.A. 6,900,000 04/04/95
02/03/95 First Fidelity Bank, N.A. 2,000,000 03/03/95
02/03/95 Canadian Imperial Bank 5,000,000 03/03/95
02/06/95 Chemical Bank New Jersey 4,400,000 05/05/95
02/06/95 First Fidelity Bank, N.A. 2,600,000 03/06/95
02/08/95 Banca Popolare di Milano 7,500,000 05/09/95
02/08/95 First Fidelity Bank, N.A. 500,000 02/09/95
02/09/95 PNC Bank, N.A. 4,600,000 05/25/95
02/10/95 Morgan Guaranty Trust 7,000,000 03/10/95
02/16/95 Morgan Guaranty Trust 5,000,000 03/16/95
02/17/95 Morgan Guaranty Trust 4,700,000 04/21/95
02/21/95 National Community Bank 6,500,000 02/22/95
02/23/95 Chemical Bank New Jersey 5,600,000 03/27/95
02/23/95 First Fidelity Bank, N.A. 3,200,000 03/27/95
02/24/95 Morgan Guaranty Trust 4,000,000 04/25/95
02/27/95 PNC Bank, N.A. 4,100,000 03/28/95
02/27/95 Banca Popolare di Milano 12,500,000 04/27/95
03/01/95 Merchants Nat'l Bank of Bangor 100,000 03/03/95
03/03/95 PNC Bank, N.A. 7,100,000 05/03/95
03/06/95 First Fidelity Bank, N.A. 2,600,000 03/20/95
03/09/95 PNC Bank, N.A. 6,000,000 05/31/95
03/09/95 Morgan Guaranty Trust 4,300,000 05/31/95
03/10/95 Mellon Bank, N.A. 7,000,000 05/09/95
03/13/95 Morgan Guaranty Trust 4,600,000 05/12/95
03/16/95 Morgan Guaranty Trust 5,100,000 05/16/95
03/20/95 First Fidelity Bank, N.A. 2,600,000 03/31/95
03/27/95 Union Bank of Switzerland 8,900,000 06/26/95
4<PAGE>
5<PAGE>
GPU (cont'd)
Issue
Date Bank Amount Maturity
03/28/95 First Fidelity Bank, N.A. $ 100,000 03/30/95
03/28/95 Morgan Guaranty Trust 4,000,000 05/25/95
03/31/95 Union Bank of Switzerland 6,000,000 06/29/95
JCP&L
Issue
Date Bank Amount Maturity
01/03/95 Chase Manhattan Bank $ 9,400,000 02/03/95
01/03/95 Citibank, N.A. 10,000,000 01/17/95
01/03/95 Chase Manhattan Bank 5,000,000 01/04/95
01/04/95 Citibank, N.A. 3,100,000 01/13/95
01/05/95 Chase Manhattan Bank 10,900,000 01/18/95
01/09/95 Swiss Bank Corp. 6,100,000 01/10/95
01/09/95 Chase Manhattan Bank 6,500,000 01/11/95
01/11/95 Bank of New York, N.A. 4,700,000 01/12/95
01/17/95 Citibank, N.A. 11,500,000 02/06/95
01/18/95 PNC Bank, N.A. 3,900,000 01/23/95
01/18/95 First Fidelity Bank, N.A. 4,100,000 01/23/95
01/26/95 Bank of Pennsylvania 9,300,000 02/08/95
01/27/95 Chemical Bank New Jersey 4,300,000 01/30/95
01/30/95 First Fidelity Bank, N.A. 14,200,000 02/13/95
01/31/95 Chase Manhattan Bank 5,000,000 02/07/95
02/02/95 Swiss Bank Corp. 5,300,000 02/14/95
02/03/95 Chase Manhattan Bank 10,000,000 02/10/95
02/06/95 Bank of New York, N.A. 5,000,000 02/07/95
02/07/95 Bank of New York, N.A. 10,900,000 02/08/95
02/08/95 Citibank, N.A. 11,400,000 02/16/95
02/08/95 First Fidelity Bank, N.A. 4,200,000 02/22/95
02/10/95 First Fidelity Bank, N.A. 3,600,000 02/24/95
02/14/95 Swiss Bank Corp. 2,600,000 02/22/95
02/15/95 First Fidelity Bank, N.A. 17,500,000 02/21/95
02/16/95 Chase Manhattan Bank 9,800,000 02/27/95
02/17/95 Bank of New York, N.A. 15,300,000 02/21/95
02/21/95 Swiss Bank Corp. 7,400,000 03/08/95
02/21/95 First Fidelity Bank, N.A. 8,400,000 03/06/95
02/22/95 First Fidelity Bank, N.A. 2,200,000 02/23/95
03/01/95 PNC Bank, N.A. 7,300,000 03/28/95
03/02/95 Citibank, N.A. 8,200,000 03/27/95
03/03/95 First Fidelity Bank, N.A. 1,400,000 03/06/95
03/03/95 First Fidelity Bank, N.A. 8,600,000 03/17/95
03/06/95 First Fidelity Bank, N.A. 1,800,000 03/15/95
03/07/95 First Fidelity Bank, N.A. 12,000,000 03/22/95
03/07/95 First Fidelity Bank, N.A. 3,500,000 03/08/95
03/08/95 Bank of New York, N.A. 9,800,000 03/09/95
03/09/95 Bank of New York, N.A. 7,400,000 03/10/95
03/10/95 Union Bank of Switzerland 2,400,000 03/13/95
03/13/95 First Fidelity Bank, N.A. 7,200,000 03/14/95
03/14/95 First Fidelity Bank, N.A. 2,600,000 03/15/95
6<PAGE>
JCP&L (cont'd)
Issue
Date Bank Amount Maturity
03/15/95 Swiss Bank Corp. $ 4,000,000 03/16/95
03/16/95 Swiss Bank Corp. 4,200,000 03/21/95
03/17/95 First Fidelity Bank, N.A. 3,900,000 03/23/95
03/20/95 Chase Manhattan Bank 6,200,000 03/23/95
03/22/95 First Fidelity Bank, N.A. 4,100,000 03/23/95
Met-Ed
Issue
Date Bank Amount Maturity
01/03/95 Chase Manhattan Bank $ 5,100,000 01/04/95
01/04/95 Swiss Bank Corp. 2,500,000 01/05/95
01/05/95 Chase Manhattan Bank 5,000,000 01/06/95
01/06/95 Chase Manhattan Bank 2,900,000 01/09/95
01/20/95 First Fidelity Bank, N.A. 2,500,000 01/23/95
01/20/95 First Fidelity Bank, N.A. 14,600,000 01/23/95
01/23/95 PNC Bank, N.A. 800,000 01/24/95
01/23/95 First Fidelity Bank, N.A. 5,000,000 01/24/95
01/23/95 Bank of New York, N.A. 8,900,000 01/24/95
01/24/95 First Fidelity Bank, N.A. 5,000,000 01/30/95
01/24/95 Bank of New York 8,000,000 01/25/95
01/25/95 Chase Manhattan Bank 3,200,000 02/06/95
01/25/95 Chemical Bank New Jersey 4,400,000 02/06/95
01/26/95 Midlantic National Bank 4,000,000 01/27/95
01/27/95 Bank of New York, N.A. 1,700,000 01/30/95
01/30/95 First Fidelity Bank, N.A. 3,000,000 02/03/95
01/30/95 Swiss Bank Corp. 5,000,000 01/31/95
01/31/95 First Fidelity Bank, N.A. 5,000,000 02/14/95
01/31/95 Chase Manhattan Bank 5,000,000 02/07/95
02/01/95 Banca Popolare di Milano 6,600,000 02/08/95
02/02/95 Mellon Bank, N.A. 7,100,000 02/07/95
02/03/95 First Fidelity Bank, N.A. 4,000,000 02/10/95
02/08/95 PNC Bank, N.A. 6,700,000 02/09/95
02/10/95 Chase Manhattan Bank 1,700,000 02/13/95
02/15/95 First Fidelity Bank, N.A. 3,100,000 02/21/95
02/16/95 Chase Manhattan Bank 4,200,000 02/24/95
02/16/95 First Fidelity Bank, N.A. 4,400,000 02/27/95
02/17/95 First Fidelity Bank, N.A. 2,400,000 02/21/95
02/22/95 First Fidelity Bank, N.A. 10,000,000 02/23/95
02/27/95 First Fidelity Bank, N.A. 900,000 02/28/95
02/28/95 First Fidelity Bank, N.A. 4,600,000 03/06/95
02/28/95 First Fidelity Bank, N.A. 4,400,000 03/07/95
03/01/95 PNC Bank, N.A. 1,700,000 03/02/95
03/03/95 Citibank, N.A. 5,900,000 03/08/95
03/06/95 First Fidelity Bank, N.A. 800,000 03/07/95
03/07/95 First Fidelity Bank, N.A. 2,500,000 03/13/95
03/08/95 Bank of New York, N.A. 6,100,000 03/09/95
03/08/95 First Fidelity Bank, N.A. 1,400,000 03/09/95
03/09/95 First Fidelity Bank, N.A. 3,500,000 03/17/95
7<PAGE>
Met-Ed (cont'd)
Issue
Date Bank Amount Maturity
03/09/95 First Fidelity Bank, N.A. $ 1,400,000 03/14/95
03/10/95 Swiss Bank Corp. 8,500,000 03/13/95
03/13/95 First Fidelity Bank, N.A. 4,000,000 03/21/95
03/13/95 Swiss Bank Corp. 4,000,000 03/14/95
03/14/95 First Fidelity Bank, N.A. 900,000 03/15/95
03/15/95 First Fidelity Bank, N.A. 10,000,000 03/22/95
03/16/95 Bank of New York, N.A. 1,500,000 03/17/95
03/17/95 First Fidelity Bank, N.A. 3,600,000 03/23/95
03/20/95 Chase Manhattan Bank 4,000,000 03/24/95
03/21/95 Swiss Bank Corp. 3,100,000 03/28/95
03/23/95 First Fidelity Bank, N.A. 4,900,000 04/03/95
03/24/95 First Fidelity Bank, N.A. 3,700,000 04/07/95
03/28/95 First Fidelity Bank, N.A. 7,000,000 03/29/95
03/29/95 First Fidelity Bank, N.A. 7,100,000 03/30/95
03/31/95 Morgan Guaranty Trust 10,100,000 04/19/95
Penelec
Issue
Date Bank Amount Maturity
01/03/95 Swiss Bank Corp. $ 6,800,000 01/05/95
01/04/95 Morgan Guaranty Trust 2,000,000 01/09/95
01/05/95 Morgan Guaranty Trust 5,600,000 01/19/95
01/06/95 Swiss Bank Corp. 3,900,000 01/11/95
01/10/95 Morgan Guaranty Trust 5,000,000 02/10/95
01/11/95 Chemical Bank New Jersey 2,200,000 01/25/95
01/11/95 Chemical Bank 500,000 01/12/95
01/12/95 Swiss Bank Corp. 2,600,000 02/02/95
01/13/95 Citibank, N.A. 3,200,000 02/13/95
01/17/95 Morgan Guaranty Trust 8,700,000 02/07/95
01/20/95 Midlantic National Bank 9,700,000 01/23/95
01/20/95 First Fidelity Bank, N.A. 2,300,000 01/23/95
01/23/95 Morgan Guaranty Trust 7,500,000 02/06/95
01/23/95 National Community Bank 7,000,000 01/24/95
01/24/95 National Community Bank 2,600,000 01/25/95
01/25/95 Swiss Bank Corp. 3,200,000 01/30/95
01/26/95 Morgan Guaranty Trust 8,400,000 02/16/95
01/26/95 Morgan Guaranty Trust 8,000,000 02/09/95
01/30/95 First Fidelity Bank, N.A. 3,000,000 02/03/95
01/31/95 Swiss Bank Corp. 3,000,000 02/07/95
02/01/95 Chase Manhattan Bank 9,200,000 02/07/95
02/02/95 Morgan Guaranty Trust 13,800,000 02/07/95
02/03/95 First Fidelity Bank, N.A. 3,500,000 02/08/95
02/06/95 Bank of New York, N.A. 6,700,000 02/07/95
02/08/95 Swiss Bank Corp. 2,400,000 02/14/95
02/10/95 Morgan Guaranty Trust 2,700,000 03/10/95
02/13/95 Bank of New York, N.A. 500,000 02/14/95
02/14/95 Swiss Bank Corp. 5,400,000 02/21/95
02/15/95 First Fidelity Bank, N.A. 700,000 03/08/95
8<PAGE>
Penelec (cont'd)
Issue
Date Bank Amount Maturity
02/16/95 Morgan Guaranty Trust $ 8,100,000 02/27/95
02/24/95 Citibank, N.A. 7,800,000 03/01/95
02/27/95 First Fidelity Bank, N.A. 12,000,000 03/07/95
03/01/95 PNC Bank, N.A. 2,500,000 03/02/95
03/03/95 PNC Bank, N.A. 7,600,000 03/30/95
03/06/95 First Fidelity Bank, N.A. 10,000,000 03/13/95
03/07/95 Midlantic National Bank 7,300,000 03/08/95
03/08/95 Bank of New York, N.A. 8,000,000 03/09/95
03/09/95 Citibank, N.A. 5,300,000 03/14/95
03/10/95 Swiss Bank Corp. 1,500,000 03/13/95
03/13/95 First Fidelity Bank, N.A. 5,200,000 03/14/95
03/13/95 Swiss Bank Corp. 4,600,000 03/16/95
03/14/95 First Fidelity Bank, N.A. 2,100,000 03/15/95
03/15/95 Citibank, N.A. 6,800,000 03/21/95
03/15/95 First Fidelity Bank, N.A. 6,200,000 03/17/95
03/15/95 Morgan Guaranty Trust 15,000,000 03/22/95
03/16/95 Swiss Bank Corp. 5,500,000 03/27/95
03/17/95 First Fidelity Bank, N.A. 2,000,000 03/20/95
03/17/95 First Fidelity Bank, N.A. 2,800,000 04/10/95
03/21/95 First Fidelity Bank, N.A. 1,400,000 04/04/95
03/22/95 First Fidelity Bank, N.A. 3,000,000 03/23/95
03/22/95 First Fidelity Bank, N.A. 12,300,000 04/18/95
03/23/95 First Fidelity Bank, N.A. 2,000,000 03/24/95
03/24/95 First Fidelity Bank, N.A. 1,500,000 04/05/95
03/27/95 First Fidelity Bank, N.A. 600,000 03/28/95
03/28/95 Morgan Guaranty Trust 4,800,000 04/11/95
03/29/95 First Fidelity Bank, N.A. 5,000,000 03/30/95
03/30/95 First Fidelity Bank, N.A. 13,000,000 04/03/95
03/31/95 First Fidelity Bank, N.A. 6,700,000 04/04/95
03/31/95 Morgan Guaranty Trust 5,300,000 04/06/95
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 greater of (A) the
lending bank's prime rate for commercial borrowings in effect
from time to time, and (B) the Federal Funds Rate plus 1/2 of 1%,
as in effect at the date of borrowing.
During the period of January 1, 1995 through March 31, 1995,
the Companies repaid unsecured promissory notes issued to banks,
as follows:
9<PAGE>
GPU
Date Bank Amount
01/06/95 Canadian Imperial Bank $ 7,700,000
01/06/95 Mellon Bank, N.A. 4,300,000
01/09/95 PNC Bank, N.A. 4,000,000
01/10/95 Mellon Bank, N.A. 6,900,000
01/12/95 PNC Bank, N.A. 8,600,000
01/13/95 Banca Popolare di Milano 6,600,000
01/17/95 Midlantic National Bank 4,700,000
01/19/95 First Fidelity Bank, N.A. 5,400,000
01/19/95 Midlantic National Bank 5,300,000
01/20/95 First Fidelity Bank, N.A. 3,400,000
01/20/95 Midlantic National Bank 200,000
01/23/95 Union Bank of Switzerland 4,800,000
01/23/95 Chemical Bank New Jersey 2,200,000
01/25/95 Morgan Guaranty Trust 7,800,000
01/25/95 Merchants Nat'l Bank of Bangor 100,000
01/26/95 Mercantile Safe Deposit 6,600,000
01/27/95 Chemical Bank New Jersey 5,600,000
01/27/95 Bank of New York, N.A. 13,100,000
01/30/95 Canadian Imperial Bank 4,200,000
01/30/95 Union Bank of Switzerland 7,400,000
02/02/95 First Fidelity Bank, N.A. 100,000
02/02/95 First Fidelity Bank, N.A. 6,700,000
02/03/95 PNC Bank, N.A. 7,000,000
02/06/95 Union Bank of Switzerland 5,400,000
02/06/95 First Fidelity Bank, N.A. 1,600,000
02/08/95 National Community Bank 7,000,000
02/08/95 Bank of Pennsylvania 1,000,000
02/09/95 First Fidelity Bank, N.A. 500,000
02/09/95 Canadian Imperial Bank 4,100,000
02/10/95 Chemical Bank 6,900,000
02/16/95 Morgan Guaranty Trust 5,000,000
02/17/95 First Fidelity Bank, N.A. 4,600,000
02/21/95 PNC Bank, N.A. 4,100,000
02/21/95 First Fidelity Bank, N.A. 3,600,000
02/22/95 National Community Bank 6,500,000
02/23/95 Banca Popolare di Milano 6,000,000
02/23/95 Chemical Bank New Jersey 5,600,000
02/24/95 PNC Bank, N.A. 3,900,000
02/27/95 Midlantic National Bank 10,000,000
02/27/95 Banca Popolare di Milano 6,500,000
03/03/95 First Fidelity Bank, N.A. 2,000,000
03/03/95 Canadian Imperial Bank 5,000,000
03/03/95 Merchants Nat'l Bank of Bangor 100,000
03/06/95 First Fidelity Bank, N.A. 2,600,000
03/09/95 Canadian Imperial Bank 10,100,000
03/10/95 Morgan Guaranty Trust 7,000,000
03/13/95 First Fidelity Bank, N.A. 4,500,000
03/16/95 Morgan Guaranty Trust 5,000,000
03/20/95 First Fidelity Bank, N.A. 2,600,000
03/27/95 Chemical Bank New Jersey 5,600,000
03/27/95 First Fidelity Bank, N.A. 3,200,000
10<PAGE>
GPU (cont'd)
Date Bank Amount
03/28/95 PNC Bank, N.A. $ 4,100,000
03/30/95 First Fidelity Bank, N.A. 100,000
03/31/95 First Fidelity Bank, N.A. 2,600,000
03/31/95 Union Bank of Switzerland 3,100,000
JCP&L
Date Bank Amount
01/03/95 Bank of Pennsylvania $12,000,000
01/04/95 Chase Manhattan Bank 5,000,000
01/09/95 PNC Bank, N.A. 22,400,000
01/10/95 Swiss Bank Corp. 6,100,000
01/11/95 Chase Manhattan Bank 6,500,000
01/12/95 United Jersey Bank, N.A. 9,600,000
01/12/95 Bank of New York, N.A. 4,700,000
01/13/95 Citibank, N.A. 3,100,000
01/17/95 First Fidelity Bank, N.A. 4,600,000
01/17/95 Citibank, N.A. 10,000,000
01/17/95 Bank of New York, N.A. 2,400,000
01/18/95 Chase Manhattan Bank 10,900,000
01/19/95 First Fidelity Bank, N.A. 4,100,000
01/23/95 PNC Bank, N.A. 3,900,000
01/23/95 First Fidelity Bank, N.A. 4,100,000
01/24/95 Hamilton Bank 7,400,000
01/30/95 Mellon Bank, N.A. 15,000,000
01/30/95 Chemical Bank New Jersey 4,300,000
02/03/95 Chase Manhattan Bank 9,400,000
02/06/95 Citibank, N.A. 11,500,000
02/07/95 Bank of New York, N.A. 5,000,000
02/07/95 Chase Manhattan Bank 5,000,000
02/08/95 Bank of Pennsylvania 9,300,000
02/08/95 Bank of New York, N.A. 10,900,000
02/10/95 Chase Manhattan Bank 10,000,000
02/13/95 First Fidelity Bank, N.A. 14,200,000
02/14/95 Swiss Bank Corp. 5,300,000
02/16/95 Citibank, N.A. 11,400,000
02/21/95 First Fidelity Bank, N.A. 17,500,000
02/21/95 Bank of New York 15,300,000
02/22/95 First Fidelity Bank, N.A. 4,200,000
02/22/95 Swiss Bank Corp. 2,600,000
02/23/95 First Fidelity Bank, N.A. 2,200,000
02/24/95 First Fidelity Bank, N.A. 3,600,000
02/27/95 Chase Manhattan Bank 9,800,000
03/06/95 First Fidelity Bank, N.A. 8,400,000
03/06/95 First Fidelity Bank, N.A. 1,400,000
03/08/95 Swiss Bank Corp. 7,400,000
03/08/95 First Fidelity Bank, N.A. 3,500,000
03/09/95 Bank of New York, N.A. 9,800,000
03/10/95 Bank of New York, N.A. 7,400,000
03/13/95 Union Bank of Switzerland 2,400,000
11<PAGE>
JCP&L (cont'd)
Date Bank Amount
03/14/95 First Fidelity Bank, N.A. $ 7,200,000
03/15/95 First Fidelity Bank, N.A. 2,600,000
03/15/95 First Fidelity Bank, N.A. 1,800,000
03/16/95 Swiss Bank Corp. 4,000,000
03/17/95 First Fidelity Bank, N.A. 8,600,000
03/21/95 Swiss Bank Corp. 4,200,000
03/22/95 First Fidelity Bank, N.A. 12,000,000
03/23/95 Chase Manhattan Bank 6,200,000
03/23/95 First Fidelity Bank, N.A. 3,900,000
03/23/95 First Fidelity Bank, N.A. 4,100,000
03/27/95 Citibank, N.A. 8,200,000
03/28/95 PNC Bank, N.A. 7,300,000
Met-Ed
Date Bank Amount
01/04/95 Chase Manhattan Bank $ 5,100,000
01/05/95 Swiss Bank Corp. 2,500,000
01/06/95 Chase Manhattan Bank 5,000,000
01/09/95 Chase Manhattan Bank 2,900,000
01/23/95 First Fidelity Bank, N.A. 2,500,000
01/23/95 First Fidelity Bank, N.A. 14,600,000
01/24/95 PNC Bank, N.A. 800,000
01/24/95 First Fidelity Bank, N.A. 5,000,000
01/24/95 Bank of New York, N.A. 8,900,000
01/25/95 Bank of New York, N.A. 8,000,000
01/27/95 Midlantic National Bank 4,000,000
01/30/95 Bank of New York, N.A. 1,700,000
01/30/95 First Fidelity Bank, N.A. 5,000,000
01/31/95 Swiss Bank Corp. 5,000,000
02/03/95 First Fidelity Bank, N.A. 3,000,000
02/06/95 Chemical Bank New Jersey 4,400,000
02/06/95 Chase Manhattan Bank 3,200,000
02/07/95 Chase Manhattan Bank 5,000,000
02/07/95 Mellon Bank, N.A. 7,100,000
02/08/95 Banca Popolare di Milano 6,600,000
02/09/95 PNC Bank, N.A. 6,700,000
02/10/95 First Fidelity Bank, N.A. 4,000,000
02/13/95 Chase Manhattan Bank 1,700,000
02/14/95 First Fidelity Bank, N.A. 5,000,000
02/21/95 First Fidelity Bank, N.A. 3,100,000
02/21/95 First Fidelity Bank, N.A. 2,400,000
02/23/95 First Fidelity Bank, N.A. 10,000,000
02/24/95 Chase Manhattan Bank 4,200,000
02/27/95 First Fidelity Bank, N.A. 4,400,000
02/28/95 First Fidelity Bank, N.A. 900,000
03/02/95 PNC Bank, N.A. 1,700,000
03/06/95 First Fidelity Bank, N.A. 4,600,000
03/07/95 First Fidelity Bank, N.A. 4,400,000
03/07/95 First Fidelity Bank, N.A. 800,000
12<PAGE>
Met-Ed (cont'd)
Date Bank Amount
03/08/95 Citibank, N.A. $ 5,900,000
03/09/95 Bank of New York, N.A. 6,100,000
03/09/95 First Fidelity Bank, N.A. 1,400,000
03/13/95 First Fidelity Bank, N.A. 2,500,000
03/13/95 Swiss Bank Corp. 8,500,000
03/14/95 Swiss Bank Corp. 4,000,000
03/14/95 First Fidelity Bank, N.A. 1,400,000
03/15/95 First Fidelity Bank, N.A. 900,000
03/17/95 Bank of New York, N.A. 1,500,000
03/17/95 First Fidelity Bank, N.A. 3,500,000
03/21/95 First Fidelity Bank, N.A. 4,000,000
03/22/95 First Fidelity Bank, N.A. 10,000,000
03/23/95 First Fidelity Bank, N.A. 3,600,000
03/24/95 Chase Manhattan Bank 4,000,000
03/28/95 Swiss Bank Corp. 3,100,000
03/29/95 First Fidelity Bank, N.A. 7,000,000
03/30/95 First Fidelity Bank, N.A. 7,100,000
Penelec
Date Bank Amount
01/04/95 First Fidelity Bank, N.A. $ 2,000,000
01/05/95 Swiss Bank Corp. 6,800,000
01/06/95 Morgan Guaranty Trust 5,500,000
01/09/95 Morgan Guaranty Trust 2,000,000
01/10/95 Bank of New York, N.A. 6,500,000
01/10/95 PNC Bank, N.A. 2,100,000
01/10/95 PNC Bank, N.A. 2,400,000
01/11/95 Swiss Bank Corp. 3,900,000
01/12/95 Chemical Bank 500,000
01/12/95 First Fidelity Bank, N.A. 2,500,000
01/13/95 United Jersey Bank, N.A. 5,400,000
01/17/95 Banca Popolare di Milano 13,400,000
01/18/95 First Fidelity Bank, N.A. 4,100,000
01/19/95 First Fidelity Bank, N.A. 4,000,000
01/19/95 Morgan Guaranty Trust 5,600,000
01/20/95 First Fidelity Bank, N.A. 12,800,000
01/23/95 Midlantic National Bank 9,700,000
01/23/95 First Fidelity Bank, N.A. 2,300,000
01/23/95 National Community Bank 7,000,000
01/24/95 National Community Bank 7,000,000
01/25/95 Chemical Bank New Jersey 2,200,000
01/25/95 National Community Bank 2,600,000
01/26/95 First Fidelity Bank, N.A. 8,100,000
01/27/95 Mellon Bank, N.A. 5,500,000
01/27/95 Bank of New York, N.A. 3,000,000
01/30/95 Swiss Bank Corp. 3,200,000
02/02/95 Swiss Bank Corp. 2,600,000
02/03/95 First Fidelity Bank, N.A. 3,000,000
02/06/95 Morgan Guaranty Trust 7,500,000
13<PAGE>
Penelec (cont'd)
Date Bank Amount
02/07/95 Morgan Guaranty Trust $13,800,000
02/07/95 Swiss Bank Corp. 3,000,000
02/07/95 Bank of New York, N.A. 6,700,000
02/07/95 Chase Manhattan Bank 9,200,000
02/07/95 Morgan Guaranty Trust 8,700,000
02/08/95 First Fidelity Bank, N.A. 3,500,000
02/09/95 Morgan Guaranty Trust 8,000,000
02/10/95 Morgan Guaranty Trust 5,000,000
02/13/95 Citibank, N.A. 3,200,000
02/14/95 Bank of New York, N.A. 500,000
02/14/95 Swiss Bank Corp. 2,400,000
02/16/95 Morgan Guaranty Trust 8,400,000
02/21/95 Swiss Bank Corp. 5,400,000
02/27/95 Morgan Guaranty Trust 8,100,000
03/01/95 Citibank, N.A. 7,800,000
03/02/95 PNC Bank, N.A. 2,500,000
03/07/95 First Fidelity Bank, N.A. 12,000,000
03/08/95 Midlantic National Bank 7,300,000
03/08/95 First Fidelity Bank, N.A. 700,000
03/09/95 Bank of New York, N.A. 8,000,000
03/10/95 Morgan Guaranty Trust 2,700,000
03/13/95 First Fidelity Bank, N.A. 10,000,000
03/13/95 Swiss Bank Corp. 1,500,000
03/14/95 Citibank, N.A. 5,300,000
03/14/95 First Fidelity Bank, N.A. 5,200,000
03/15/95 First Fidelity Bank, N.A. 2,100,000
03/16/95 Swiss Bank Corp. 4,600,000
03/17/95 First Fidelity Bank, N.A. 6,200,000
03/20/95 First Fidelity Bank, N.A. 2,000,000
03/21/95 Citibank, N.A. 6,800,000
03/22/95 Morgan Guaranty Trust 15,000,000
03/23/95 First Fidelity Bank, N.A. 3,000,000
03/24/95 First Fidelity Bank, N.A. 2,000,000
03/27/95 Swiss Bank Corp. 5,500,000
03/28/95 First Fidelity Bank, N.A. 600,000
03/30/95 PNC Bank, N.A. 7,600,000
03/30/95 First Fidelity Bank, N.A. 5,000,000
To summarize the above transactions, at March 31, 1995, the
GPU Companies had outstanding unsecured promissory notes pursuant
to informal bank lines of credit as follows:
GPU $113,800,000
JCP&L 0
Met-Ed 18,700,000
Penelec 47,800,000
14<PAGE>
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:
T. G. Howson
Vice President and Treasurer
Date: April 6, 1995<PAGE>
