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
Pennsylvania Electric Company : Rule 24 of
: Partial
File No. 70-7926 : Completion of
: Transactions
(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 April 1, 1995 through June 30,
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 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
3. During the period April 1, 1995 through June 30,
1995, JCP&L, Met-Ed, and Penelec issued and sold (and paid at
maturity where such commercial paper matured on or before
June 30, 1995) unsecured short-term promissory notes as
commercial paper as follows:
JCP&L
Date of Issuance Maturity Date Amount
04/03/95 05/15/95 $ 8,500,000
04/03/95 04/04/95 20,000,000
04/03/95 05/15/95 5,500,000
04/03/95 04/17/95 5,000,000
04/03/95 04/25/95 15,000,000
04/05/95 04/13/95 9,200,000
04/13/95 05/05/95 9,000,000
04/17/95 04/18/95 15,200,000
04/17/95 05/08/95 15,000,000
04/18/95 05/04/95 9,700,000
04/19/95 05/17/95 19,000,000
04/20/95 04/21/95 16,500,000
04/25/95 05/11/95 15,000,000
04/25/95 04/26/95 24,500,000
04/26/95 04/27/95 13,000,000
04/27/95 04/28/95 12,000,000
05/02/95 05/03/95 31,000,000
05/02/95 05/11/95 1,500,000
05/03/95 05/04/95 15,000,000
05/03/95 05/15/95 2,000,000
05/04/95 06/06/95 10,000,000
05/04/95 05/05/95 11,750,000
05/04/95 05/09/95 2,250,000
05/04/95 06/06/95 10,000,000
05/05/95 05/11/95 3,755,000
-2-<PAGE>
JCP&L (continued)
Date of Issuance Maturity Date Amount
05/05/95 05/09/95 $ 1,418,000
05/08/95 05/09/95 7,600,000
05/08/95 05/09/95 8,200,000
05/09/95 05/10/95 2,000,000
05/09/95 05/18/95 6,000,000
05/10/95 05/11/95 15,700,000
05/11/95 05/18/95 20,000,000
05/16/95 06/12/95 5,700,000
05/16/95 06/12/95 5,000,000
05/18/95 05/19/95 22,300,000
05/18/95 05/19/95 20,000,000
05/30/95 06/19/95 9,700,000
05/31/95 09/06/95 1,000,000
05/31/95 06/01/95 11,100,000
05/31/95 06/30/95 10,000,000
05/31/95 07/24/95 5,000,000
06/01/95 06/02/95 10,900,000
06/02/95 06/09/95 23,200,000
06/12/95 06/13/95 8,050,000
06/12/95 06/13/95 8,250,000
06/12/95 06/14/95 5,000,000
06/15/95 07/19/95 5,000,000
06/30/95 07/21/95 12,000,000
06/30/95 07/14/95 8,000,000
Met-Ed
Date of Issuance Maturity Date Amount
04/03/95 04/11/95 $ 4,800,000
04/06/95 04/13/95 4,300,000
04/10/95 04/21/95 9,000,000
04/17/95 05/02/95 13,800,000
04/18/95 05/08/95 9,200,000
04/19/95 04/26/95 10,000,000
04/21/95 05/04/95 6,100,000
04/26/95 05/09/95 10,800,000
05/02/95 05/23/95 10,800,000
05/03/95 05/30/95 10,700,000
05/04/95 06/01/95 7,200,000
05/05/95 05/10/95 2,000,000
05/08/95 05/16/95 6,400,000
05/09/95 05/10/95 7,800,000
05/10/95 05/11/95 8,400,000
05/11/95 05/18/95 7,100,000
05/16/95 06/06/95 4,700,000
05/18/95 06/12/95 6,600,000
05/23/95 06/05/95 11,200,000
06/01/95 06/19/95 12,400,000
06/02/95 06/09/95 5,200,000
06/05/95 06/12/95 7,200,000
-3-<PAGE>
Met-Ed (continued)
Date of Issuance Maturity Date Amount
06/06/95 06/12/95 $ 6,500,000
06/15/95 06/27/95 5,500,000
06/19/95 06/23/95 10,100,000
06/20/95 06/21/95 4,000,000
06/21/95 07/05/95 3,500,000
06/23/95 06/29/95 4,000,000
06/30/95 08/02/95 4,400,000
Penelec
Date of Issuance Maturity Date Amount
04/03/95 04/12/95 $ 6,000,000
04/03/95 04/04/95 7,000,000
04/04/95 04/11/95 5,000,000
04/06/95 04/13/95 3,400,000
04/17/95 05/08/95 10,700,000
04/17/95 05/02/95 10,000,000
04/27/95 05/18/95 6,300,000
05/01/95 05/23/95 5,700,000
05/02/95 05/26/95 11,700,000
05/04/95 05/24/95 2,100,000
05/05/95 05/30/95 10,300,000
05/08/95 05/10/95 7,100,000
05/09/95 05/10/95 2,600,000
05/10/95 05/11/95 9,300,000
05/11/95 05/15/95 7,400,000
05/25/95 06/23/95 2,700,000
05/26/95 06/26/95 12,500,000
05/30/95 06/08/95 9,800,000
06/01/95 06/13/95 8,400,000
06/02/95 06/19/95 4,000,000
06/05/95 06/20/95 5,200,000
06/05/95 06/06/95 4,000,000
06/08/95 06/27/95 7,000,000
06/15/95 08/14/95 16,300,000
06/19/95 06/22/95 2,400,000
06/20/95 06/28/95 2,200,000
06/21/95 07/12/95 1,300,000
06/22/95 07/21/95 2,900,000
06/26/95 07/10/95 10,500,000
06/30/95 08/02/95 10,000,000
To summarize the above transactions, at June 30, 1995,
JCP&L, Met-Ed and Penelec had outstanding unsecured short-term
promissory notes issued as commercial paper as follows:
-4-<PAGE>
Company Amount
JCP&L $31,000,000
Met-Ed 7,900,000
Penelec 41,000,000
4. At the close of business on March 31, 1995, the GPU
Companies had outstanding unsecured short-term promissory notes
representing bank borrowings under informal bank lines, as
follows:
Company Amount
GPU $113,800,000
JCP&L 0
Met-Ed 18,700,000
Penelec 47,800,000
During the period April 1, 1995 through June 30, 1995, the
GPU Companies issued unsecured promissory notes representing bank
borrowings under informal bank lines of credit as follows:
GPU
Issue
Date Bank Amount Maturity
04/04/95 Bank of New York $ 100,000 04/05/95
04/04/95 Morgan Guaranty Trust 6,900,000 06/01/95
04/06/95 Midlantic National Bank 6,800,000 06/05/95
04/07/95 Union Bank of Switzerland 9,900,000 07/10/95
04/14/95 First Fidelity Bank, N.A. 900,000 06/14/95
04/18/95 First Fidelity Bank, N.A. 100,000 04/25/95
04/21/95 Union Bank of Switzerland 4,700,000 05/31/95
04/25/95 Chemical Bank of New Jersey 4,200,000 05/31/95
04/27/95 Banca Popolare Di Milano 12,500,000 07/27/95
04/28/95 Merchants Nat'l Bank 200,000 05/12/95
05/03/95 Morgan Guaranty Trust 7,200,000 06/07/95
05/05/95 Canadian Imperial Bank 4,500,000 06/14/95
05/09/95 Canadian Imperial Bank 14,700,000 08/07/95
05/12/95 First Fidelity Bank, N.A. 4,300,000 06/12/95
05/12/95 Merchants Nat'l Bank 300,000 06/12/95
05/15/95 Union Bank of Switzerland 100,000 05/16/95
05/16/95 First Fidelity Bank, N.A. 5,200,000 08/16/95
05/18/95 Merchants Nat'l Bank 100,000 05/31/95
05/25/95 Banca Popolare Di Milano 4,100,000 08/30/95
05/25/95 Chemical Bank New Jersey 4,600,000 06/30/95
05/31/95 Union Bank of Switzerland 3,000,000 08/30/95
06/01/95 First Fidelity Bank, N.A. 1,500,000 08/30/95
06/01/95 Union Bank of Switzerland 2,100,000 08/30/95
-5-
<PAGE>
GPU (continued)
Issue
Date Bank Amount Maturity
06/01/95 Banca Popolare Di Milano $ 2,000,000 08/30/95
06/05/95 Merchants Nat'l Bank 100,000 06/12/95
06/05/95 Midlantic National Bank 6,800,000 08/30/95
06/07/95 PNC Bank, N.A. 7,200,000 08/30/95
06/09/95 Merchants Nat'l Bank 100,000 06/12/95
06/12/95 First Fidelity Bank, N.A. 1,600,000 09/11/95
06/12/95 Midlantic National Bank 3,200,000 09/11/95
06/14/95 Canadian Imperial Bank 2,200,000 09/12/95
06/14/95 First Fidelity Bank, N.A. 3,600,000 09/12/95
06/21/95 Merchants Nat'l Bank 200,000 07/10/95
06/22/95 Merchants Nat'l Bank 100,000 07/10/95
06/26/95 PNC Bank, N.A. 7,800,000 09/25/95
06/26/95 Banca Popolare Di Milano 1,200,000 09/25/95
06/29/95 Mellon Bank, N.A. 6,000,000 09/27/95
06/30/95 Chemical Bank 4,700,000 07/31/95
JCP&L
Issue
Date Bank Amount Maturity
01/03/95 Chase Manhattan Bank $ 9,400,000 02/03/95
04/03/95 First Fidelity Bank, N.A. 17,900,000 04/24/95
04/03/95 Canadian Imperial Bank 19,200,000 04/20/95
04/03/95 Hamilton Bank 10,000,000 04/26/95
04/03/95 Union Bank of Switzerland 5,400,000 04/07/95
04/03/95 Mellon Bank, N.A. 20,000,000 04/18/95
04/03/95 Citibank, N.A. 15,000,000 04/27/95
04/03/95 First Fidelity Bank, N.A. 4,700,000 04/11/95
04/03/95 Chase Manhattan Bank 25,000,000 04/25/95
04/03/95 Mellon Bank, N.A. 23,000,000 04/19/95
04/03/95 Swiss Bank Corp. 10,000,000 04/10/95
04/04/95 Bank of New York 9,300,000 04/05/95
04/04/95 First Fidelity Bank, N.A. 8,100,000 04/12/95
04/06/95 Chemical Bank New Jersey 3,200,000 04/14/95
04/11/95 First Fidelity Bank, N.A. 700,000 04/12/95
04/12/95 Bank of New York 4,500,000 04/13/95
04/14/95 First Fidelity Bank, N.A. 2,200,000 04/28/95
04/17/95 Swiss Bank Corp. 10,000,000 04/26/95
04/18/95 Mellon Bank, N.A. 20,000,000 05/02/95
04/21/95 First Fidelity Bank, N.A. 19,900,000 05/12/95
04/24/95 First Fidelity Bank, N.A. 8,000,000 05/19/95
04/26/95 Mellon Bank, N.A. 17,100,000 05/10/95
04/26/95 Chemical Bank, N.A. 10,000,000 05/16/95
04/27/95 Citibank, N.A. 15,000,000 05/11/95
04/28/95 First Fidelity Bank, N.A. 5,100,000 05/09/95
04/28/95 Chase Manhattan Bank 11,400,000 05/22/95
04/28/95 First Fidelity Bank, N.A. 6,000,000 05/18/95
05/01/95 Chase Manhattan Bank 13,600,000 05/11/95
05/03/95 Chase Manhattan Bank 13,000,000 05/18/95
-6-
<PAGE>
JCP&L (continued)
Issue
Date Bank Amount Maturity
05/04/95 Chase Manhattan Bank $12,000,000 05/16/95
05/05/95 Bank of New York 14,300,000 05/08/95
05/08/95 Chemical Bank New Jersey 5,800,000 05/24/95
05/09/95 Banca Popolare Di Milano 7,500,000 05/23/95
05/09/95 First Fidelity Bank, N.A. 5,100,000 05/25/95
05/11/95 Citibank, N.A. 15,000,000 05/19/95
05/11/95 Mellon Bank, N.A. 27,300,000 05/19/95
05/12/95 First Fidelity Bank, N.A. 15,300,000 05/19/95
05/15/95 Chase Manhattan Bank 10,600,000 05/19/95
05/16/95 Chemical Bank 10,000,000 06/16/95
05/17/95 Bank of New York 15,800,000 05/19/95
05/19/95 First Fidelity Bank, N.A. 8,500,000 06/19/95
05/22/95 Citibank, N.A. 8,700,000 05/30/95
05/24/95 Chemical Bank New Jersey 1,200,000 05/26/95
05/25/95 Midlantic National Bank 2,000,000 05/26/95
05/31/95 Chemical Bank New Jersey 5,400,000 06/21/95
05/31/95 Chase Manhattan Bank 25,000,000 06/26/95
06/01/95 Bank of New York 15,000,000 06/02/95
06/06/95 First Fidelity Bank, N.A. 12,400,000 08/21/95
06/06/95 Bank of New York 11,000,000 06/07/95
06/07/95 Swiss Bank Corp. 3,500,000 06/08/95
06/07/95 First Fidelity Bank, N.A. 8,800,000 08/14/95
06/08/95 Chase Manhattan Bank 1,800,000 06/13/95
06/09/95 Bank of New York 18,800,000 06/12/95
06/13/95 Bank of New York 13,300,000 06/14/95
06/15/95 United Jersey Bank, N.A. 15,000,000 08/15/95
06/15/95 Citibank, N.A. 7,500,000 06/28/95
06/16/95 First Fidelity Bank, N.A. 1,400,000 06/19/95
06/16/95 First Fidelity Bank, N.A. 5,600,000 06/23/95
06/19/95 First Fidelity Bank, N.A. 2,300,000 08/17/95
06/19/95 First Fidelity Bank, N.A. 8,500,000 08/17/95
06/26/95 First Fidelity Bank, N.A. 5,600,000 07/13/95
06/26/95 Bank of New York 8,900,000 06/27/95
06/27/95 Bank of New York 3,800,000 06/28/95
06/28/95 Chase Manhattan Bank 5,900,000 06/29/95
06/29/95 Bank of New York 1,700,000 06/30/95
06/30/95 Chemical Bank 5,300,000 07/18/95
06/30/95 Chase Manhattan Bank 7,000,000 07/12/95
Met-Ed
Issue
Date Bank Amount Maturity
04/04/95 Bank of New York $ 5,600,000 04/05/95
04/05/95 Bank of New York 5,200,000 04/06/95
04/07/95 First Fidelity Bank, N.A. 2,500,000 04/10/95
04/10/95 First Fidelity Bank, N.A. 4,800,000 04/11/95
04/11/95 Swiss Bank Corp. 6,400,000 04/12/95
04/12/95 First Fidelity Bank, N.A. 5,800,000 04/14/95
-7-
<PAGE>
Met-Ed (continued)
Issue
Date Bank Amount Maturity
04/13/95 First Fidelity Bank, N.A. 3,200,000 04/18/95
04/14/95 First Fidelity Bank, N.A. 4,900,000 04/25/95
04/20/95 Mellon Bank, N.A. 3,300,000 04/27/95
04/24/95 First Fidelity Bank, N.A. 4,300,000 05/12/95
04/25/95 Mellon Bank, N.A. 2,600,000 05/05/95
04/27/95 First Fidelity Bank, N.A. 3,000,000 04/28/95
04/28/95 Swiss Bank Corp. 4,400,000 05/15/95
05/01/95 Mellon Bank, N.A. 1,000,000 05/08/95
05/12/95 First Fidelity Bank, N.A. 2,300,000 05/19/95
05/15/95 Swiss Bank Corp. 2,800,000 05/25/95
05/16/95 First Fidelity Bank, N.A. 1,600,000 05/17/95
05/17/95 First Fidelity Bank, N.A. 1,400,000 05/26/95
05/19/95 First Fidelity Bank, N.A. 700,000 05/22/95
05/22/95 Chase Manhattan Bank 5,500,000 05/23/95
05/25/95 Banca Popolare Di Milano 1,700,000 05/26/95
05/26/95 Midlantic National Bank 1,800,000 05/30/95
05/30/95 Citibank, N.A. 11,900,000 06/13/95
05/31/95 First Fidelity Bank, N.A. 8,800,000 06/07/95
06/07/95 Chase Manhattan Bank 7,500,000 06/12/95
06/09/95 First Fidelity Bank, N.A. 1,600,000 06/12/95
06/13/95 Bank of New York 6,000,000 06/14/95
06/15/95 Citibank, N.A. 2,000,000 06/16/95
06/16/95 Citibank, N.A. 1,900,000 06/22/95
06/23/95 First Fidelity Bank, N.A. 4,000,000 06/26/95
06/26/95 Chase Manhattan Bank 2,400,000 06/28/95
06/27/95 Bank of Pennsylvania 4,200,000 07/07/95
06/28/95 First Fidelity Bank, N.A. 1,400,000 06/29/95
06/29/95 Chase Manhattan Bank 3,900,000 07/10/95
Penelec
Issue
Date Bank Amount Maturity
04/04/95 Bank of New York $ 5,300,000 04/05/95
04/05/95 Bank of New York 5,700,000 04/06/95
04/06/95 Bank of New York 4,000,000 04/07/95
04/07/95 First Fidelity Bank, N.A. 2,100,000 04/10/95
04/10/95 First Fidelity Bank, N.A. 100,000 04/11/95
04/11/95 First Fidelity Bank, N.A. 5,700,000 04/12/95
04/12/95 Swiss Bank Corp. 8,300,000 04/14/95
04/13/95 First Fidelity Bank, N.A. 900,000 04/20/95
04/14/95 Morgan Guaranty Trust 7,400,000 05/09/95
04/17/95 First Fidelity Bank, N.A. 1,000,000 04/24/95
04/18/95 First Fidelity Bank, N.A. 7,900,000 04/19/95
04/19/95 First Fidelity Bank, N.A. 5,600,000 04/20/95
04/20/95 Mellon Bank, N.A. 3,200,000 04/21/95
04/21/95 First Fidelity Bank, N.A. 2,900,000 04/24/95
04/24/95 First Fidelity Bank, N.A. 800,000 04/26/95
04/25/95 First Fidelity Bank, N.A. 6,800,000 05/16/95
-8-
<PAGE>
Penelec (continued)
Issue
Date Bank Amount Maturity
04/25/95 First Fidelity Bank, N.A. $ 4,000,000 04/26/95
04/26/95 First Fidelity Bank, N.A. 4,400,000 04/27/95
04/28/95 Swiss Bank Corp. 3,200,000 05/12/95
05/03/95 Bank of New York 4,500,000 05/04/95
05/12/95 First Fidelity Bank, N.A. 2,000,000 06/09/95
05/15/95 Swiss Bank Corp. 4,000,000 05/16/95
05/16/95 Bank of New York 2,700,000 05/17/95
05/16/95 Midlantic National Bank 3,200,000 05/19/95
05/17/95 Bank of New York 1,200,000 05/18/95
05/18/95 First Fidelity Bank, N.A. 5,600,000 06/16/95
05/19/95 Citibank, N.A. 2,000,000 05/25/95
05/22/95 Chase Manhattan Bank 1,500,000 05/23/95
05/23/95 First Fidelity Bank, N.A. 1,000,000 05/24/95
05/24/95 Midlantic National Bank 2,400,000 05/25/95
05/30/95 Midlantic National Bank 3,200,000 06/06/95
05/30/95 Merchants Nat'l Bank 200,000 05/31/95
05/31/95 First Fidelity Bank, N.A. 12,400,000 06/05/95
06/01/95 First Fidelity Bank, N.A. 1,800,000 06/12/95
06/01/95 Swiss Bank Corp. 5,000,000 06/02/95
06/06/95 Bank of New York 3,600,000 06/07/95
06/07/95 Citibank, N.A. 2,400,000 06/21/95
06/08/95 Bank of New York 1,100,000 06/09/95
06/09/95 Midlantic National Bank 2,000,000 06/12/95
06/12/95 Merchants Nat'l Bank 1,000,000 06/14/95
06/13/95 Bank of New York 5,200,000 06/14/95
06/16/95 First Fidelity Bank, N.A. 2,000,000 06/19/95
06/16/95 Citibank, N.A. 3,100,000 06/29/95
06/27/95 Bank of Pennsylvania 7,000,000 07/05/95
06/28/95 Citibank, N.A. 5,600,000 07/06/95
06/29/95 Chase Manhattan Bank 3,000,000 07/07/95
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 April 1, 1995 through June 30, 1995,
the Companies repaid unsecured promissory notes issued to banks,
as follows:
-9-
<PAGE>
GPU
Date Bank Amount
04/04/95 United Jersey Bank, N.A. $ 6,900,000
04/05/95 Bank of New York 100,000
04/06/95 Union Bank of Switzerland 6,600,000
04/07/95 Union Bank of Switzerland 9,600,000
04/21/95 Morgan Guaranty Trust 4,700,000
04/25/95 First Fidelity Bank, N.A. 100,000
04/25/95 Morgan Guaranty Trust 4,000,000
04/27/95 Banca Popolare Di Milano 12,500,000
05/03/95 PNC Bank, N.A. 7,100,000
05/05/95 Chemical Bank New Jersey 4,400,000
05/09/95 Banca Popolare Di Milano 7,500,000
05/09/95 Mellon Bank, N.A. 7,000,000
05/12/95 Morgan Guaranty Trust 4,600,000
05/12/95 Merchants Nat'l Bank 200,000
05/16/95 Morgan Guaranty Trust 5,100,000
05/16/95 Union Bank of Switzerland 100,000
05/25/95 Morgan Guaranty Trust 4,000,000
05/25/95 PNC Bank, N.A. 4,600,000
05/31/95 Merchants Nat'l Bank 100,000
05/31/95 Morgan Guaranty Trust 4,300,000
05/31/95 Union Bank of Switzerland 4,700,000
05/31/95 PNC Bank, N.A. 6,000,000
05/31/95 Chemical Bank New Jersey 4,200,000
06/01/95 Morgan Guaranty Trust 6,900,000
06/05/95 Midlantic National Bank 6,800,000
06/07/95 Morgan Guaranty Trust 7,200,000
06/12/95 Merchants Nat'l Bank 100,000
06/12/95 Merchants Nat'l Bank 100,000
06/12/95 First Fidelity Bank, N.A. 4,300,000
06/12/95 Merchants Nat'l Bank 300,000
06/14/95 First Fidelity Bank, N.A. 900,000
06/14/95 Canadian Imperial Bank 4,500,000
06/26/95 Union Bank of Switzerland 8,900,000
06/29/95 Union Bank of Switzerland 6,000,000
06/30/95 Chemical Bank New Jersey 4,600,000
JCP&L
Date Bank Amount
04/05/95 Bank of New York $ 9,300,000
04/07/95 Union Bank of Switzerland 5,400,000
04/10/95 Swiss Bank Corp. 10,000,000
04/11/95 First Fidelity Bank, N.A. 4,700,000
04/12/95 First Fidelity Bank, N.A. 8,100,000
04/12/95 First Fidelity Bank, N.A. 700,000
04/13/95 Bank of New York 4,500,000
04/14/95 Chemical Bank New Jersey 3,200,000
04/18/95 Mellon Bank, N.A. 20,000,000
04/19/95 Mellon Bank, N.A. 23,000,000
04/20/95 Canadian Imperial Bank 19,200,000
-10-
<PAGE>
JCP&L (continued)
Date Bank Amount
04/24/95 First Fidelity Bank, N.A. $17,900,000
04/25/95 Chase Manhattan Bank 25,000,000
04/26/95 Swiss Bank Corp. 10,000,000
04/26/95 Hamilton Bank 10,000,000
04/27/95 Citibank, N.A. 15,000,000
04/28/95 First Fidelity Bank, N.A. 2,200,000
05/02/95 Mellon Bank, N.A. 20,000,000
05/08/95 Bank of New York 14,300,000
05/09/95 First Fidelity Bank, N.A. 5,100,000
05/10/95 Mellon Bank, N.A. 17,100,000
05/11/95 Chase Manhattan Bank 13,600,000
05/11/95 Citibank, N.A. 15,000,000
05/12/95 First Fidelity Bank, N.A. 19,900,000
05/16/95 Chase Manhattan Bank 12,000,000
05/16/95 Chemical Bank 10,000,000
05/18/95 Chase Manhattan Bank 13,000,000
05/18/95 First Fidelity Bank, N.A. 6,000,000
05/19/95 First Fidelity Bank, N.A. 15,300,000
05/19/95 Mellon Bank, N.A. 27,300,000
05/19/95 Citibank, N.A. 15,000,000
05/19/95 First Fidelity Bank, N.A. 8,000,000
05/19/95 Bank of New York 15,800,000
05/19/95 Chase Manhattan Bank 10,600,000
05/22/95 Chase Manhattan Bank 11,400,000
05/23/95 Banca Popolare Di Milano 7,500,000
05/24/95 Chemical Bank New Jersey 5,800,000
05/25/95 First Fidelity Bank, N.A. 5,100,000
05/26/95 Midlantic National Bank 2,000,000
05/26/95 Chemical Bank New Jersey 1,200,000
05/30/95 Citibank, N.A. 8,700,000
06/02/95 Bank of New York 15,000,000
06/07/95 Bank of New York 11,000,000
06/08/95 Swiss Bank Corp. 3,500,000
06/12/95 Bank of New York 18,800,000
06/13/95 Chase Manhattan Bank 1,800,000
06/14/95 Bank of New York 13,300,000
06/16/95 Chemical Bank 10,000,000
06/19/95 First Fidelity Bank, N.A. 1,400,000
06/19/95 First Fidelity Bank, N.A. 8,500,000
06/21/95 Chemical Bank New Jersey 5,400,000
06/23/95 First Fidelity Bank, N.A. 5,600,000
06/26/95 Chase Manhattan Bank 25,000,000
06/27/95 Bank of New York 8,900,000
06/28/95 Bank of New York 3,800,000
06/28/95 Citibank, N.A. 7,500,000
06/29/95 Chase Manhattan Bank 5,900,000
06/30/95 Bank of New York 1,700,000
-11-
<PAGE>
Met-Ed
Date Bank Amount
04/03/95 First Fidelity Bank, N.A. $ 4,900,000
04/05/95 Bank of New York 5,600,000
04/06/95 Bank of New York 5,200,000
04/07/95 First Fidelity Bank, N.A. 3,700,000
04/10/95 First Fidelity Bank, N.A. 2,500,000
04/11/95 First Fidelity Bank, N.A. 4,800,000
04/12/95 Swiss Bank Corp. 6,400,000
04/14/95 First Fidelity Bank, N.A. 5,800,000
04/18/95 First Fidelity Bank, N.A. 3,200,000
04/19/95 Morgan Guaranty Trust 10,100,000
04/25/95 First Fidelity Bank, N.A. 4,900,000
04/27/95 Mellon Bank, N.A. 3,300,000
04/28/95 First Fidelity Bank, N.A. 3,000,000
05/05/95 Mellon Bank, N.A. 2,600,000
05/08/95 Mellon Bank, N.A. 1,000,000
05/12/95 First Fidelity Bank, N.A. 4,300,000
05/15/95 Swiss Bank Corp. 4,400,000
05/17/95 First Fidelity Bank, N.A. 1,600,000
05/19/95 First Fidelity Bank, N.A. 2,300,000
05/22/95 First Fidelity Bank, N.A. 700,000
05/23/95 Chase Manhattan Bank 5,500,000
05/25/95 Swiss Bank Corp. 2,800,000
05/26/95 Banca Popolare Di Milano 1,700,000
05/26/95 First Fidelity Bank, N.A. 1,400,000
05/30/95 Midlantic National Bank 1,800,000
06/07/95 First Fidelity Bank, N.A. 8,800,000
06/12/95 Chase Manhattan Bank 7,500,000
06/12/95 First Fidelity Bank, N.A. 1,600,000
06/13/95 Citibank, N.A. 11,900,000
06/14/95 Bank of New York 6,000,000
06/16/95 Citibank, N.A. 2,000,000
06/22/95 Citibank, N.A. 1,900,000
06/26/95 First Fidelity Bank, N.A. 4,000,000
06/28/95 Chase Manhattan Bank 2,400,000
06/29/95 First Fidelity Bank, N.A. 1,400,000
Penelec
Date Bank Amount
04/03/95 First Fidelity Bank, N.A. $13,000,000
04/04/95 First Fidelity Bank, N.A. 6,700,000
04/04/95 First Fidelity Bank, N.A. 1,400,000
04/05/95 Bank of New York 5,300,000
04/05/95 First Fidelity Bank, N.A. 1,500,000
04/06/95 Bank of New York 5,700,000
04/06/95 Morgan Guaranty Trust 5,300,000
04/07/95 Bank of New York 4,000,000
04/10/95 First Fidelity Bank, N.A. 2,100,000
04/10/95 First Fidelity Bank, N.A. 2,800,000
04/11/95 Morgan Guaranty Trust 4,800,000
-12-
<PAGE>
Penelec (continued)
Date Bank Amount
04/11/95 First Fidelity Bank, N.A. $ 100,000
04/12/95 First Fidelity Bank, N.A. 5,700,000
04/14/95 Swiss Bank Corp. 8,300,000
04/18/95 First Fidelity Bank, N.A. 12,300,000
04/19/95 First Fidelity Bank, N.A. 7,900,000
04/20/95 First Fidelity Bank, N.A. 900,000
04/20/95 First Fidelity Bank, N.A. 5,600,000
04/21/95 Mellon Bank, N.A. 3,200,000
04/24/95 First Fidelity Bank, N.A. 2,900,000
04/24/95 First Fidelity Bank, N.A. 1,000,000
04/26/95 First Fidelity Bank, N.A. 4,000,000
04/26/95 First Fidelity Bank, N.A. 800,000
04/27/95 First Fidelity Bank, N.A. 4,400,000
05/04/95 Bank of New York 4,500,000
05/09/95 Morgan Guaranty Trust 7,400,000
05/12/95 Swiss Bank Corp. 3,200,000
05/16/95 First Fidelity Bank, N.A. 6,800,000
05/16/95 Swiss Bank Corp. 4,000,000
05/17/95 Bank of New York 2,700,000
05/18/95 Bank of New York 1,200,000
05/19/95 Midlantic National Bank 3,200,000
05/23/95 Chase Manhattan Bank 1,500,000
05/24/95 First Fidelity Bank, N.A. 1,000,000
05/25/95 Citibank, N.A. 2,000,000
05/25/95 Midlantic National Bank 2,400,000
05/31/95 Merchants Nat'l Bank 200,000
06/02/95 Swiss Bank Corp. 5,000,000
06/05/95 First Fidelity Bank, N.A. 12,400,000
06/06/95 Midlantic National Bank 3,200,000
06/07/95 Bank of New York 3,600,000
06/09/95 First Fidelity Bank, N.A. 2,000,000
06/09/95 Bank of New York 1,100,000
06/12/95 Midlantic National Bank 2,000,000
06/12/95 First Fidelity Bank, N.A. 1,800,000
06/14/95 Bank of New York 5,200,000
06/14/95 Merchants Nat'l Bank 1,000,000
06/16/95 First Fidelity Bank, N.A. 5,600,000
06/19/95 First Fidelity Bank, N.A. 2,000,000
06/21/95 Citibank, N.A. 2,400,000
06/29/95 Citibank, N.A. 3,100,000
To summarize the above transactions, at June 30, 1995, the
GPU Companies had outstanding unsecured promissory notes pursuant
to informal bank lines of credit as follows:
GPU $99,600,000
JCP&L 64,900,000
Met-Ed 8,100,000
Penelec 15,600,000
-13-
<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: /s/ T. G. Howson
T. G. Howson
Vice President and Treasurer
Date: July 7, 1995<PAGE>
