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 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, and Supplemental
Order, dated October 26, 1994, with respect to said Declaration,
as follows:
1. During the period July 1, 1995 through September 30,
1995, the GPU Companies issued no promissory notes representing
borrowings under the Credit Agreement, dated March 19, 1992, as
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amended by First Amendment, dated as of November 1, 1994, 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 June 30, 1995, JCP&L, Met-Ed
and Penelec had outstanding unsecured short-term promissory notes
issued as commercial paper as follows:
Company Amount
JCP&L $31,000,000
Met-Ed 7,900,000
Penelec 41,000,000
3. During the period July 1, 1995 through September 30,
1995, JCP&L, Met-Ed, and Penelec issued and sold (and paid at
maturity where such commercial paper matured on or before
September 30, 1995) unsecured short-term promissory notes as
commercial paper as follows:
JCP&L
Date of Issuance Maturity Date Amount
09/01/95 09/21/95 $15,000,000
09/01/95 09/13/95 14,300,000
09/13/95 09/28/95 6,300,000
09/15/95 10/10/95 9,500,000
09/15/95 09/26/95 9,000,000
09/21/95 09/22/95 10,300,000
09/26/95 10/05/95 4,300,000
09/27/95 09/28/95 6,400,000
09/28/95 09/29/95 9,000,000
09/29/95 10/02/95 10,000,000
Met-Ed
Date of Issuance Maturity Date Amount
07/03/95 08/03/95 $15,500,000
07/03/95 07/11/95 8,000,000
07/05/95 07/06/95 3,100,000
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07/07/95 07/13/95 5,000,000
07/10/95 07/14/95 2,000,000
07/17/95 07/21/95 4,500,000
08/01/95 08/09/95 9,500,000
Met-Ed(continued)
Date of Issuance Maturity Date Amount
08/02/95 08/14/95 $10,600,000
08/03/95 08/14/95 10,000,000
08/03/95 08/04/95 3,400,000
08/15/95 08/16/95 9,600,000
08/16/95 08/17/95 9,600,000
08/30/95 09/06/95 11,500,000
08/31/95 09/11/95 10,600,000
09/06/95 09/07/95 10,300,000
Penelec
Date of Issuance Maturity Date Amount
07/03/95 07/18/95 $13,400,000
07/05/95 07/26/95 5,200,000
07/06/95 07/11/95 3,000,000
07/07/95 07/11/95 1,900,000
07/17/95 07/25/95 5,200,000
07/26/95 07/28/95 7,300,000
07/27/95 08/03/95 5,800,000
07/28/95 08/04/95 4,500,000
08/01/95 08/09/95 9,900,000
08/03/95 08/08/95 12,100,000
08/08/95 08/15/95 13,100,000
08/09/95 08/23/95 9,300,000
08/15/95 08/16/95 10,900,000
08/16/95 08/17/95 11,100,000
08/23/95 09/12/95 5,100,000
08/30/95 09/06/95 22,300,000
08/31/95 09/28/95 13,600,000
08/31/95 09/14/95 10,000,000
09/01/95 09/08/95 11,700,000
09/06/95 09/18/95 8,200,000
09/06/95 09/11/95 10,000,000
09/06/95 09/07/95 10,000,000
09/25/95 10/02/95 7,400,000
09/25/95 09/26/95 1,000,000
To summarize the above transactions, at September 30, 1995,
JCP&L, Met-Ed and Penelec had outstanding unsecured short-term
promissory notes issued as commercial paper as follows:
Company Amount
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JCP&L $23,800,000
Met-Ed 0
Penelec 7,400,000
4. At the close of business on June 30, 1995, the GPU
Companies had outstanding unsecured short-term promissory notes
representing bank borrowings under informal bank lines, as
follows:
Company Amount
GPU $ 99,600,000
JCP&L 64,900,000
Met-Ed 8,100,000
Penelec 15,600,000
During the period July 1, 1995 through September 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
07/10/95 Union Bank of Switzerland $ 9,800,000 10/10/95
07/18/95 Merchants Nat'l Bank 100,000 07/31/95
07/27/95 Banca Popolare Di Milano 12,700,000 08/17/95
07/27/95 First Fidelity Bank 5,600,000 09/07/95
07/27/95 Chase Manhattan Bank 1,900,000 07/31/95
07/27/95 Morgan Guaranty Trust 15,000,000 08/24/95
07/27/95 Chemical Bank of New Jersey 10,000,000 09/26/95
07/31/95 Chemical Bank 6,800,000 08/31/95
08/07/95 Canadian Imperial Bank 14,900,000 09/22/95
08/10/95 Bank of New York 100,000 08/11/95
08/11/95 Bank of New York 100,000 08/14/95
08/16/95 First Fidelity Bank, N.A. 5,000,000 10/16/95
08/17/95 Banca Popolare Di Milano 12,700,000 09/12/95
08/17/95 Merchants Nat'l Bank 100,000 08/24/95
08/24/95 First Fidelity Bank, N.A. 6,900,000 11/29/95
08/24/95 United Jersey Bank, N.A. 8,300,000 11/29/95
08/30/95 United Jersey Bank, N.A. 5,000,000 11/30/95
08/30/95 Midlantic National Bank 6,800,000 09/29/95
08/31/95 Union Bank of Switzerland 800,000 09/01/95
08/31/95 Banca Popolare Di Milano 4,900,000 11/29/95
08/31/95 Banca Popolare Di Milano 1,200,000 09/01/95
09/01/95 Union Bank of Switzerland 600,000 10/10/95
09/06/95 Merchants Nat'l Bank 700,000 09/25/95
09/07/95 First Fidelity Bank, N.A. 5,600,000 10/16/95
09/11/95 Morgan Guaranty Trust 4,900,000 10/26/95
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09/12/95 First Fidelity Bank, N.A. 5,200,000 11/02/95
09/12/95 Banca Popolare Di Milano 13,500,000 11/02/95
09/22/95 Bank of Pennsylvania 12,000,000 01/05/96
09/22/95 First Fidelity Bank, N.A. 3,000,000 12/20/95
09/25/95 Union Bank of Switzerland 2,900,000 12/28/95
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GPU (cont'd)
Issue
Date Bank Amount Maturity
09/25/95 National Community Bank $ 7,000,000 11/01/95
09/26/95 Merchants Nat'l Bank 100,000 10/16/95
09/26/95 Chemical Bank New Jersey 10,000,000 11/01/95
09/27/95 Mellon Bank, N.A. 6,100,000 11/01/95
09/29/95 Midlantic National Bank 6,800,000 11/01/95
JCP&L
Issue
Date Bank Amount Maturity
07/03/95 Citibank, N.A. $ 7,800,000 07/10/95
07/05/95 Bank of New York 12,200,000 07/06/95
07/05/95 First Fidelity Bank, N.A. 1,100,000 07/06/95
07/06/95 Citibank, N.A. 7,200,000 07/25/95
07/06/95 Chase Manhattan Bank 12,000,000 07/07/95
07/07/95 Bank of New York 5,600,000 07/10/95
07/10/95 Bank of New York 4,800,000 07/11/95
07/12/95 Bank of New York 3,600,000 07/13/95
07/13/95 First Fidelity Bank, N.A. 5,400,000 07/14/95
07/14/95 Chase Manhattan Bank 7,900,000 07/17/95
07/19/95 First Fidelity Bank, N.A. 800,000 07/20/95
07/19/95 First Fidelity Bank, N.A. 1,400,000 07/20/95
07/20/95 First Fidelity Bank, N.A. 2,600,000 07/21/95
07/21/95 Chase Manhattan Bank 9,200,000 07/24/95
07/24/95 First Fidelity Bank, N.A. 2,600,000 07/25/95
07/25/95 First Fidelity Bank, N.A. 4,900,000 07/26/95
08/01/95 Morgan Guaranty Trust 12,300,000 08/09/95
08/02/95 Chase Manhattan Bank 5,100,000 08/04/95
08/03/95 Bank of New York 16,900,000 08/04/95
08/04/95 Bank of New York 22,600,000 08/07/95
08/07/95 Chase Manhattan Bank 12,900,000 08/08/95
08/08/95 Bank of New York 10,400,000 08/09/95
08/09/95 Chase Manhattan Bank 16,300,000 08/10/95
08/10/95 Bank of New York 10,000,000 08/11/95
08/11/95 Bank of New York 4,400,000 08/14/95
08/14/95 Bank of New York 3,400,000 08/15/95
08/15/95 First Fidelity Bank, N.A. 5,100,000 08/16/95
08/15/95 United Jersey Bank, N.A. 12,000,000 08/24/95
08/16/95 Chase Manhattan Bank 1,600,000 08/29/95
08/17/95 First Fidelity Bank, N.A. 5,600,000 08/18/95
08/18/95 Merchants Nat'l Bank 200,000 08/21/95
08/21/95 Merchants Nat'l Bank 100,000 08/22/95
08/21/95 First Fidelity Bank, N.A. 8,700,000 08/22/95
08/22/95 First Fidelity Bank, N.A. 4,600,000 08/23/95
08/24/95 First Fidelity Bank, N.A. 5,100,000 08/25/95
08/30/95 First Fidelity Bank, N.A. 3,300,000 09/18/95
08/30/95 Chase Manhattan Bank 14,200,000 09/11/95
08/30/95 Citibank, N.A. 15,000,000 09/18/95
08/31/95 First Fidelity Bank, N.A. 9,300,000 09/06/95
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JCP&L (cont'd)
Issue
Date Bank Amount Maturity
08/31/95 Union Bank of Switzerland $ 4,400,000 09/12/95
09/01/95 First Fidelity Bank, N.A. 14,900,000 09/25/95
09/05/95 Bank of New York 7,500,000 09/06/95
09/06/95 Bank of New York 16,100,000 09/07/95
09/07/95 Chase Manhattan Bank 8,600,000 09/14/95
09/08/95 Mellon Bank, N.A. 3,600,000 09/11/95
09/11/95 Mellon Bank, N.A. 8,600,000 09/12/95
09/12/95 Chase Manhattan Bank 5,100,000 09/19/95
09/14/95 First Fidelity Bank, N.A. 1,300,000 09/15/95
09/18/95 Midlantic National Bank 3,200,000 09/20/95
09/18/95 First Fidelity Bank, N.A. 3,000,000 09/20/95
09/19/95 Merchants Nat'l Bank 300,000 09/28/95
09/20/95 First Fidelity Bank, N.A. 2,900,000 09/21/95
09/20/95 Midlantic National Bank 2,200,000 09/27/95
09/22/95 First Fidelity Bank, N.A. 4,800,000 09/25/95
09/25/95 Chase Manhattan Bank 10,200,000 09/27/95
09/29/95 First Fidelity Bank, N.A. 13,600,000 10/12/95
Met-Ed
Issue
Date Bank Amount Maturity
07/06/95 Chase Manhattan Bank $ 1,100,000 07/07/95
07/11/95 Bank of New York 3,600,000 07/12/95
07/12/95 Bank of New York 1,700,000 07/13/95
07/13/95 Bank of New York 4,900,000 07/14/95
07/14/95 First Fidelity Bank, N.A. 5,600,000 07/17/95
07/14/95 Chase Manhattan Bank 600,000 07/17/95
07/18/95 First Fidelity Bank, N.A. 500,000 07/19/95
07/21/95 First Fidelity Bank, N.A. 2,800,000 07/24/95
07/24/95 Merchants Nat'l Bank 400,000 07/25/95
07/31/95 Citibank, N.A. 3,500,000 08/07/95
08/04/95 National Community Bank 2,100,000 08/07/95
08/07/95 First Fidelity Bank, N.A. 1,500,000 08/08/95
08/09/95 Bank of New York 2,200,000 08/10/95
08/09/95 Chase Manhattan Bank 5,500,000 08/10/95
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08/10/95 Bank of New York 5,500,000 08/11/95
08/11/95 Bank of New York 2,400,000 08/14/95
08/14/95 Citibank, N.A. 8,300,000 08/22/95
08/14/95 First Fidelity Bank, N.A. 10,300,000 08/15/95
08/17/95 Chase Manhattan Bank 6,800,000 08/25/95
08/17/95 First Fidelity Bank, N.A. 3,000,000 08/18/95
08/18/95 First Fidelity Bank, N.A. 1,600,000 08/21/95
08/22/95 First Fidelity Bank, N.A. 3,900,000 08/23/95
08/23/95 First Fidelity Bank, N.A. 4,700,000 08/24/95
08/24/95 First Fidelity Bank, N.A. 2,500,000 08/25/95
08/25/95 Chase Manhattan Bank 9,300,000 08/28/95
08/28/95 First Fidelity Bank, N.A. 1,800,000 08/29/95
08/28/95 First Fidelity Bank, N.A. 4,200,000 08/29/95
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Met-Ed (cont'd)
Issue
Date Bank Amount Maturity
08/29/95 First Fidelity Bank, N.A. $ 3,100,000 08/30/95
09/01/95 Bank of New York 6,300,000 09/05/95
09/05/95 Bank of New York 1,900,000 09/06/95
09/07/95 First Fidelity Bank, N.A. 9,600,000 09/08/95
09/08/95 Mellon Bank, N.A. 6,000,000 09/11/95
09/11/95 Mellon Bank, N.A. 9,700,000 09/12/95
09/11/95 Midlantic National Bank 3,200,000 09/18/95
09/12/95 Bank of New York 6,700,000 09/13/95
09/13/95 Bank of New York 5,700,000 09/14/95
09/14/95 Chase Manhattan Bank 3,600,000 09/19/95
09/15/95 Bank of New York 4,200,000 09/18/95
09/18/95 Citibank, N.A. 3,700,000 09/19/95
09/19/95 Chase Manhattan Bank 6,600,000 09/21/95
09/20/95 Midlantic National Bank 1,000,000 09/21/95
09/20/95 First Fidelity Bank, N.A. 1,800,000 09/21/95
09/21/95 First Fidelity Bank, N.A. 3,300,000 09/22/95
09/21/95 First Fidelity Bank, N.A. 1,800,000 09/22/95
09/22/95 Union Bank of Switzerland 3,000,000 09/25/95
09/25/95 First Fidelity Bank, N.A. 1,000,000 09/26/95
09/29/95 Mellon Bank, N.A. 1,100,000 10/02/95
Penelec
Issue
Date Bank Amount Maturity
07/10/95 Bank of New York $ 7,500,000 07/11/95
07/11/95 Bank of New York 9,200,000 07/12/95
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07/12/95 Bank of New York 9,200,000 07/13/95
07/13/95 Bank of New York 7,800,000 07/14/95
07/14/95 Chase Manhattan Bank 7,600,000 07/17/95
07/18/95 First Fidelity Bank, N.A. 5,100,000 07/19/95
07/18/95 Bank of New York 5,000,000 07/19/95
07/19/95 Bank of New York 4,100,000 07/20/95
07/19/95 First Fidelity Bank, N.A. 4,800,000 07/20/95
07/21/95 First Fidelity Bank, N.A. 2,500,000 07/24/95
07/24/95 Merchants Nat'l Bank 300,000 07/25/95
07/25/95 Citibank, N.A. 1,500,000 07/27/95
07/31/95 Citibank, N.A. 3,300,000 08/08/95
08/02/95 Chase Manhattan Bank 10,200,000 08/10/95
08/04/95 National Community Bank 3,200,000 08/07/95
08/07/95 Chase Manhattan Bank 1,900,000 08/08/95
08/10/95 Bank of New York 8,300,000 08/11/95
08/11/95 Bank of New York 6,100,000 08/14/95
08/14/95 Citibank, N.A. 6,700,000 08/28/95
08/14/95 Chase Manhattan Bank 11,700,000 08/21/95
08/17/95 First Fidelity Bank, N.A. 3,000,000 08/18/95
08/17/95 Chase Manhattan Bank 7,900,000 09/05/95
08/18/95 Merchants Nat'l Bank 700,000 08/21/95
08/21/95 First Fidelity Bank, N.A. 1,000,000 08/22/95
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Penelec (cont'd)
Issue
Date Bank Amount Maturity
08/22/95 First Fidelity Bank, N.A. $ 600,000 08/23/95
08/23/95 First Fidelity Bank, N.A. 3,100,000 08/24/95
08/24/95 First Fidelity Bank, N.A. 2,900,000 08/25/95
08/25/95 First Fidelity Bank, N.A. 1,500,000 08/28/95
08/28/95 First Fidelity Bank, N.A. 6,500,000 08/29/95
08/29/95 First Fidelity Bank, N.A. 2,100,000 08/30/95
08/29/95 First Fidelity Bank, N.A. 1,800,000 08/30/95
09/05/95 Bank of New York 3,300,000 09/06/95
09/07/95 Morgan Guaranty Trust 8,600,000 09/19/95
09/08/95 First Fidelity Bank, N.A. 6,600,000 09/20/95
09/11/95 Chase Manhattan Bank 7,700,000 09/12/95
09/12/95 Bank of New York 6,200,000 09/13/95
09/13/95 Chase Manhattan Bank 4,700,000 09/27/95
09/14/95 Chase Manhattan Bank 8,400,000 09/21/95
09/15/95 Morgan Guaranty Trust 13,300,000 10/03/95
09/18/95 Citibank, N.A. 4,700,000 09/19/95
09/19/95 First Fidelity Bank, N.A. 3,500,000 09/20/95
09/19/95 Bank of New York 1,100,000 09/20/95
09/19/95 Chase Manhattan Bank 5,300,000 09/26/95
09/20/95 First Fidelity Bank, N.A. 3,500,000 09/21/95
09/21/95 Chase Manhattan Bank 8,900,000 09/25/95
09/21/95 Midlantic National Bank 1,000,000 09/22/95
09/26/95 First Fidelity Bank, N.A. 2,600,000 10/03/95
09/27/95 First Fidelity Bank, N.A. 4,700,000 10/04/95
09/28/95 Chase Manhattan Bank 16,300,000 10/05/95
09/29/95 Midlantic National Bank 3,200,000 10/06/95
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09/29/95 Mellon Bank, N.A. 2,100,000 10/02/95
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 July 1, 1995 through September 30,
1995, the Companies repaid unsecured promissory notes issued to
banks, as follows:
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GPU
Date Bank Amount
07/10/95 Merchants Nat'l Bank $ 200,000
07/10/95 Union Bank of Switzerland 9,900,000
07/10/95 Merchants Nat'l Bank 100,000
07/27/95 Banca Popolare Di Milano 12,500,000
07/31/95 Chase Manhattan Bank 1,900,000
07/31/95 Chemical Bank 4,700,000
07/31/95 Merchants Nat'l Bank 100,000
08/07/95 Canadian Imperial Bank 14,700,000
08/11/95 Bank of New York 100,000
08/14/95 Bank of New York 100,000
08/16/95 First Fidelity Bank, N.A. 5,200,000
08/17/95 Banca Popolare Di Milano 12,700,000
08/24/95 Merchants Nat'l Bank 100,000
08/24/95 Morgan Guaranty Trust 15,000,000
08/30/95 PNC Bank, N.A. 7,200,000
08/30/95 Banca Popolare Di Milano 4,100,000
08/30/95 Banca Popolare Di Milano 2,000,000
08/30/95 First Fidelity Bank, N.A. 1,500,000
08/30/95 Union Bank of Switzerland 3,000,000
08/30/95 Midlantic National Bank 6,800,000
08/30/95 Union Bank of Switzerland 2,100,000
08/31/95 Chemical Bank 6,800,000
09/01/95 Union Bank of Switzerland 800,000
09/01/95 Banca Popolare Di Milano 1,200,000
09/07/95 First Fidelity Bank, N.A. 5,600,000
09/11/95 Midlantic National Bank 3,200,000
09/11/95 First Fidelity Bank, N.A. 1,600,000
09/12/95 First Fidelity Bank, N.A. 3,600,000
09/12/95 Canadian Imperial Bank 2,200,000
09/12/95 Banca Popolare Di Milano 12,700,000
09/22/95 Canadian Imperial Bank 14,900,000
09/25/95 Merchants Nat'l Bank 700,000
09/25/95 Banca Popolare Di Milano 1,200,000
09/25/95 PNC Bank, N.A. 7,800,000
09/26/95 Chemical Bank of New Jersey 10,000,000
09/27/95 Mellon Bank, N.A. 6,000,000
09/29/95 Midlantic National Bank 6,800,000
JCP&L
Date Bank Amount
07/06/95 First Fidelity Bank, N.A. $ 1,100,000
07/06/95 Bank of New York 12,200,000
07/07/95 Chase Manhattan Bank 12,000,000
07/10/95 Citibank, N.A. 7,800,000
07/10/95 Bank of New York 5,600,000
07/11/95 Bank of New York 4,800,000
07/12/95 Chase Manhattan Bank 7,000,000
07/13/95 Bank of New York 3,600,000
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JCP&L (cont'd)
Date Bank Amount
07/13/95 First Fidelity Bank, N.A. $ 5,600,000
07/14/95 First Fidelity Bank, N.A. 5,400,000
07/17/95 Chase Manhattan Bank 7,900,000
07/18/95 Chemical Bank 5,300,000
07/20/95 First Fidelity Bank, N.A. 800,000
07/20/95 First Fidelity Bank, N.A. 1,400,000
07/21/95 First Fidelity Bank, N.A. 2,600,000
07/24/95 Chase Manhattan Bank 9,200,000
07/25/95 Citibank, N.A. 7,200,000
07/25/95 First Fidelity Bank, N.A. 2,600,000
07/26/95 First Fidelity Bank, N.A. 4,900,000
08/04/95 Bank of New York 16,900,000
08/04/95 Chase Manhattan Bank 5,100,000
08/07/95 Bank of New York 22,600,000
08/08/95 Chase Manhattan Bank 12,900,000
08/09/95 Morgan Guaranty Trust 12,300,000
08/09/95 Bank of New York 10,400,000
08/10/95 Chase Manhattan Bank 16,300,000
08/11/95 Bank of New York 10,000,000
08/14/95 Bank of New York 4,400,000
08/14/95 First Fidelity Bank, N.A. 8,800,000
08/15/95 Bank of New York 3,400,000
08/15/95 United Jersey Bank, N.A. 15,000,000
08/16/95 First Fidelity Bank, N.A. 5,100,000
08/17/95 First Fidelity Bank, N.A. 2,300,000
08/17/95 First Fidelity Bank, N.A. 8,500,000
08/18/95 First Fidelity Bank, N.A. 5,600,000
08/21/95 Merchants Nat'l Bank 200,000
08/21/95 First Fidelity Bank, N.A. 12,400,000
08/22/95 First Fidelity Bank, N.A. 8,700,000
08/22/95 Merchants Nat'l Bank 100,000
08/23/95 First Fidelity Bank, N.A. 4,600,000
08/24/95 United Jersey Bank, N.A. 12,000,000
08/25/95 First Fidelity Bank, N.A. 5,100,000
08/29/95 Chase Manhattan Bank 1,600,000
09/06/95 First Fidelity Bank, N.A. 9,300,000
09/06/95 Bank of New York 7,500,000
09/07/95 Bank of New York 16,100,000
09/11/95 Chase Manhattan Bank 14,200,000
09/11/95 Mellon Bank, N.A. 3,600,000
09/12/95 Union Bank of Switzerland 4,400,000
09/12/95 Mellon Bank, N.A. 8,600,000
09/14/95 Chase Manhattan Bank 8,600,000
09/15/95 First Fidelity Bank, N.A. 1,300,000
09/18/95 First Fidelity Bank, N.A. 3,300,000
09/18/95 Citibank, N.A. 15,000,000
09/19/95 Chase Manhattan Bank 5,100,000
09/20/95 First Fidelity Bank, N.A. 3,000,000
09/20/95 Midlantic National Bank 3,200,000
09/21/95 First Fidelity Bank, N.A. 2,900,000
09/25/95 First Fidelity Bank, N.A. 4,800,000
-14-
<PAGE>
JCP&L (cont'd)
Date Bank Amount
09/25/95 First Fidelity Bank, N.A. $14,900,000
09/27/95 Chase Manhattan Bank 10,200,000
09/27/95 Midlantic National Bank 2,200,000
09/28/95 Merchants Nat'l Bank 300,000
Met-Ed
Date Bank Amount
07/07/95 Bank of Pennsylvania $ 4,200,000
07/07/95 Chase Manhattan Bank 1,100,000
07/10/95 Chase Manhattan Bank 3,900,000
07/12/95 Bank of New York 3,600,000
07/13/95 Bank of New York 1,700,000
07/14/95 Bank of New York 4,900,000
07/17/95 First Fidelity Bank, N.A. 5,600,000
07/17/95 Chase Manhattan Bank 600,000
07/19/95 First Fidelity Bank, N.A. 500,000
07/24/95 First Fidelity Bank, N.A. 2,800,000
07/25/95 Merchants Nat'l Bank 400,000
08/07/95 Citibank, N.A. 3,500,000
08/07/95 National Community Bank 2,100,000
08/08/95 First Fidelity Bank, N.A. 1,500,000
08/10/95 Bank of New York 2,200,000
08/10/95 Chase Manhattan Bank 5,500,000
08/11/95 Bank of New York 5,500,000
08/14/95 Bank of New York 2,400,000
08/15/95 First Fidelity Bank, N.A. 10,300,000
08/18/95 First Fidelity Bank, N.A. 3,000,000
08/21/95 First Fidelity Bank, N.A. 1,600,000
08/22/95 Citibank, N.A. 8,300,000
08/23/95 First Fidelity Bank, N.A. 3,900,000
08/24/95 First Fidelity Bank, N.A. 4,700,000
08/25/95 Chase Manhattan Bank 6,800,000
08/25/95 First Fidelity Bank, N.A. 2,500,000
08/28/95 Chase Manhattan Bank 9,300,000
08/29/95 First Fidelity Bank, N.A. 1,800,000
08/29/95 First Fidelity Bank, N.A. 4,200,000
08/30/95 First Fidelity Bank, N.A. 3,100,000
09/05/95 Bank of New York 6,300,000
09/06/95 Bank of New York 1,900,000
09/08/95 First Fidelity Bank, N.A. 9,600,000
09/11/95 Mellon Bank, N.A. 6,000,000
09/12/95 Mellon Bank, N.A. 9,700,000
09/13/95 Bank of New York 6,700,000
09/14/95 Bank of New York 5,700,000
09/18/95 Bank of New York 4,200,000
09/18/95 Midlantic National Bank 3,200,000
09/19/95 Chase Manhattan Bank 3,600,000
09/19/95 Citibank, N.A. 3,700,000
09/21/95 Chase Manhattan Bank 6,600,000
-15-
<PAGE>
Met-Ed (cont'd)
Date Bank Amount
09/21/95 First Fidelity Bank, N.A. $ 1,800,000
09/21/95 Midlantic National Bank 1,000,000
09/22/95 First Fidelity Bank, N.A. 1,800,000
09/22/95 First Fidelity Bank, N.A. 3,300,000
09/25/95 Union Bank of Switzerland 3,000,000
09/26/95 First Fidelity Bank, N.A. 1,000,000
Penelec
Date Bank Amount
07/05/95 Bank of Pennsylvania $ 7,000,000
07/06/95 Citibank, N.A. 5,600,000
07/07/95 Chase Manhattan Bank 3,000,000
07/11/95 Bank of New York 7,500,000
07/12/95 Bank of New York 9,200,000
07/13/95 Bank of New York 9,200,000
07/14/95 Bank of New York 7,800,000
07/17/95 Chase Manhattan Bank 7,600,000
07/19/95 First Fidelity Bank, N.A. 5,100,000
07/19/95 Bank of New York 5,000,000
07/20/95 Bank of New York 4,100,000
07/20/95 First Fidelity Bank, N.A. 4,800,000
07/24/95 First Fidelity Bank, N.A. 2,500,000
07/25/95 Merchants Nat'l Bank 300,000
07/27/95 Citibank, N.A. 1,500,000
08/07/95 National Community Bank 3,200,000
08/08/95 Chase Manhattan Bank 1,900,000
08/08/95 Citibank, N.A. 3,300,000
08/10/95 Chase Manhattan Bank 10,200,000
08/11/95 Bank of New York 8,300,000
08/14/95 Bank of New York 6,100,000
08/18/95 First Fidelity Bank, N.A. 3,000,000
08/21/95 Merchants Nat'l Bank 700,000
08/21/95 Chase Manhattan Bank 11,700,000
08/22/95 First Fidelity Bank, N.A. 1,000,000
08/23/95 First Fidelity Bank, N.A. 600,000
08/24/95 First Fidelity Bank, N.A. 3,100,000
08/25/95 First Fidelity Bank, N.A. 2,900,000
08/28/95 Citibank, N.A. 6,700,000
08/28/95 First Fidelity Bank, N.A. 1,500,000
08/29/95 First Fidelity Bank, N.A. 6,500,000
08/30/95 First Fidelity Bank, N.A. 1,800,000
08/30/95 First Fidelity Bank, N.A. 2,100,000
09/05/95 Chase Manhattan Bank 7,900,000
09/06/95 Bank of New York 3,300,000
09/12/95 Chase Manhattan Bank 7,700,000
09/13/95 Bank of New York 6,200,000
09/19/95 Citibank, N.A. 4,700,000
09/19/95 Morgan Guaranty Trust 8,600,000
09/20/95 First Fidelity Bank, N.A. 6,600,000
-16-
<PAGE>
Penelec (cont'd)
Date Bank Amount
09/20/95 First Fidelity Bank, N.A. $ 3,500,000
09/20/95 Bank of New York 1,100,000
09/21/95 Chase Manhattan Bank 8,400,000
09/21/95 First Fidelity Bank, N.A. 3,500,000
09/22/95 Midlantic National Bank 1,000,000
09/25/95 Chase Manhattan Bank 8,900,000
09/26/95 Chase Manhattan Bank 5,300,000
09/27/95 Chase Manhattan Bank 4,700,000
To summarize the above transactions, at September 30, 1995,
the GPU Companies had outstanding unsecured promissory notes
pursuant to informal bank lines of credit as follows:
GPU $117,600,000
JCP&L 13,600,000
Met-Ed 1,100,000
Penelec 42,200,000
-17-<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: October 6, 1995<PAGE>
