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 October 1, 1995 through June 30,
1996, the GPU Companies issued no promissory notes representing
borrowings under the Credit Agreement, dated as of March 19,
-1-<PAGE>
1992, as amended including by the Amended and Restated Credit
Agreement, dated May 6, 1996, among the GPU Companies; the banks
named therein (and banks that may subsequently become parties
thereto), and The Chase Manhattan Bank, N.A. (successor to
Chemical Bank), as Administrative Agent, and Citibank, N.A., as
Syndication Agent, and no such borrowings were outstanding
thereunder at such date.
2. At the close of business on September 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 $23,800,000
Met-Ed 0
Penelec 7,400,000
3. During the period October 1, 1995 through June 30,
1996, JCP&L, Met-Ed, and Penelec issued and sold (and paid at
maturity where such commercial paper matured on or before
June 30, 1996) unsecured short-term promissory notes as
commercial paper as follows:
JCP&L
Date of Issuance Maturity Date Amount
10/02/95 10/03/95 $ 4,595,000
10/02/95 10/06/95 9,905,000
10/02/95 10/16/95 5,000,000
10/04/95 10/10/95 10,000,000
10/04/95 10/05/95 2,600,000
10/04/95 10/10/95 5,000,000
10/10/95 10/16/95 10,000,000
10/10/95 10/11/95 7,200,000
10/12/95 10/13/95 5,700,000
10/13/95 10/17/95 8,600,000
10/24/95 10/26/95 10,000,000
10/25/95 10/30/95 6,000,000
11/06/95 11/07/95 9,100,000
11/09/95 11/10/95 5,800,000
-2-<PAGE>
JCP&L (continued)
11/09/95 11/17/95 $10,000,000
11/10/95 11/15/95 6,500,000
11/27/95 11/28/95 11,900,000
11/28/95 12/04/95 10,000,000
11/28/95 11/29/95 7,600,000
11/30/95 12/14/95 9,500,000
12/01/95 12/11/95 5,000,000
12/04/95 12/13/95 10,000,000
12/04/95 12/06/95 9,400,000
Date of Issuance Maturity Date Amount
12/05/95 12/08/95 $ 5,100,000
12/05/95 12/08/95 10,000,000
12/12/95 12/15/95 8,700,000
12/12/95 12/18/95 15,000,000
04/01/96 04/12/96 10,000,000
04/01/96 04/02/96 40,000,000
04/02/96 04/03/96 40,000,000
04/03/96 04/04/96 15,000,000
04/04/96 04/08/96 25,000,000
04/12/96 04/29/96 12,400,000
04/15/96 05/10/96 28,700,000
04/24/96 05/14/96 17,900,000
04/25/96 05/21/96 5,700,000
04/29/96 05/29/96 31,000,000
05/01/96 06/10/96 20,000,000
05/01/96 06/20/96 23,100,000
05/02/96 05/03/96 10,800,000
05/03/96 06/24/96 14,000,000
05/08/96 05/09/96 7,900,000
05/10/96 06/05/96 22,100,000
05/23/96 05/24/96 2,800,000
05/29/96 07/26/96 17,100,000
05/31/96 06/03/96 3,000,000
05/31/96 07/15/96 10,600,000
06/04/96 06/21/96 11,800,000
06/10/96 08/05/96 11,000,000
06/20/96 07/16/96 18,900,000
06/26/96 07/22/96 11,200,000
Met-Ed
Date of Issuance Maturity Date Amount
10/24/95 11/07/95 $ 9,500,000
10/25/95 10/26/95 9,400,000
10/30/95 11/02/95 6,500,000
11/30/95 12/14/95 3,900,000
12/01/95 12/07/95 11,900,000
12/05/95 12/12/95 5,900,000
-3-<PAGE>
Met-Ed (continued)
01/05/96 01/16/96 $ 3,900,000
01/11/96 01/18/96 4,500,000
02/01/96 02/08/96 11,500,000
03/19/96 03/26/96 7,300,000
03/20/96 03/28/96 9,700,000
03/22/96 03/29/96 8,800,000
03/27/96 04/12/96 4,200,000
04/01/96 04/16/96 6,200,000
04/12/96 04/19/96 8,800,000
04/15/96 04/22/96 11,000,000
04/19/96 04/26/96 5,800,000
05/01/96 05/02/96 7,500,000
Date of Issuance Maturity Date Amount
05/03/96 05/09/96 $15,400,000
05/09/96 05/10/96 12,400,000
05/31/96 06/11/96 12,100,000
05/31/96 06/06/96 12,100,000
06/03/96 06/04/96 14,600,000
06/05/96 06/10/96 8,900,000
06/06/96 06/07/96 11,700,000
06/10/96 06/11/96 5,600,000
06/13/96 06/18/96 10,500,000
06/14/96 06/19/96 9,300,000
06/17/96 06/21/96 12,100,000
06/24/96 06/27/96 8,200,000
06/27/96 07/05/96 8,500,000
Penelec
Date of Issuance Maturity Date Amount
10/04/95 10/11/95 $12,700,000
10/06/95 10/13/95 16,100,000
12/05/95 12/08/95 6,700,000
12/07/95 12/15/95 5,900,000
12/13/95 12/18/95 6,000,000
03/21/96 03/28/96 8,200,000
03/27/96 04/11/96 17,800,000
04/04/96 04/19/96 8,900,000
04/10/96 04/24/96 10,900,000
04/11/96 04/29/96 15,300,000
04/15/96 05/06/96 16,000,000
04/26/96 05/21/96 11,000,000
05/01/96 06/10/96 11,800,000
05/03/96 06/06/96 6,800,000
05/22/96 05/23/96 8,400,000
05/23/96 05/24/96 7,200,000
05/28/96 05/30/96 17,000,000
05/29/96 06/24/96 9,000,000
-4-<PAGE>
Penelec (continued)
05/30/96 05/31/96 $10,000,000
05/31/96 06/05/96 2,000,000
05/31/96 06/14/96 9,000,000
06/05/96 06/24/96 9,300,000
06/06/96 06/07/96 10,200,000
06/10/96 07/08/96 11,500,000
06/10/96 06/21/96 8,100,000
06/10/96 06/11/96 5,000,000
06/12/96 06/13/96 5,000,000
06/12/96 06/26/96 6,700,000
06/13/96 07/02/96 8,100,000
06/17/96 07/10/96 14,100,000
06/20/96 07/17/96 7,200,000
06/21/96 07/15/96 10,500,000
To summarize the above transactions, at June 30, 1996, JCP&L,
Met-Ed and Penelec had outstanding unsecured short-term
promissory notes issued as commercial paper as follows:
Company Amount
JCP&L $68,800,000
Met-Ed 8,500,000
Penelec 51,400,000
4. At the close of business on September 30, 1995, the GPU
Companies had outstanding unsecured short-term promissory notes
representing bank borrowings under informal bank lines, as
follows:
Company Amount
GPU $117,600,000
JCP&L 13,600,000
Met-Ed 1,100,000
Penelec 42,200,000
During the period October 1, 1995 through June 30, 1996, the
GPU Companies issued unsecured promissory notes representing bank
borrowings under informal bank lines of credit as follows:
-5-<PAGE>
GPU
Issue
Date Bank Amount Maturity
10/10/95 Midlantic National Bank $ 3,200,000 11/01/95
10/10/95 Union Bank of Switzerland 6,200,000 11/01/95
10/13/95 Merchants Nat'l Bank 100,000 11/01/95
10/16/95 First Union Nat'l Bank 10,800,000 11/01/95
11/20/95 Chemical Bank New Jersey 10,000,000 01/19/96
11/20/95 First Union National Bank 2,400,000 12/11/95
11/29/95 Morgan Guaranty Trust 15,000,000 01/26/96
11/29/95 Banca Popolare Di Milano 20,000,000 02/27/96
11/29/95 Swiss Bank Corp. 10,000,000 02/26/96
11/29/95 First Union National Bank 10,100,000 12/15/95
11/29/95 United Jersey Bank, N.A. 10,000,000 12/15/95
11/29/95 Union Bank of Switzerland 6,400,000 12/15/95
11/29/95 Midlantic National Bank 3,600,000 12/15/95
11/30/95 United Jersey Bank, N.A. 3,800,000 12/14/95
12/11/95 First Union National 2,400,000 12/15/95
12/12/95 Merchants Nat'l Bank 100,000 01/05/96
Issue
Date Bank Amount Maturity
12/14/95 First Union Nat'l Bank $ 3,800,000 12/18/95
12/15/95 PNC Bank 7,700,000 12/18/95
12/15/95 Bank of New York 25,000,000 12/18/95
12/18/95 Bank of New York 14,600,000 12/19/95
12/20/95 Union Bank of Switzerland 1,700,000 12/28/95
12/28/95 First Union Nat'l Bank 4,600,000 01/31/96
12/29/95 Merchants Nat'l Bank 100,000 01/19/96
01/05/96 Morgan Guaranty Trust 12,800,000 02/05/96
01/08/96 PNC Bank 100,000 01/09/96
01/12/96 Merchants Nat'l Bank 100,000 01/26/96
01/19/96 Midlantic National Bank 5,400,000 02/09/96
01/19/96 Bank of Pennsylvania 4,900,000 02/02/96
01/22/96 Merchants Nat'l Bank 200,000 02/05/96
01/26/96 First Union Nat'l Bank 10,700,000 02/01/96
01/26/96 Midlantic National Bank 4,600,000 02/01/96
01/29/96 Merchants Nat'l Bank 100,000 02/09/96
01/31/96 First Union Nat'l Bank 5,300,000 02/02/96
02/01/96 First Union Nat'l Bank 10,100,000 02/28/96
02/01/96 Midlantic National Bank 4,600,000 02/28/96
02/02/96 First Union Nat'l Bank 10,200,000 03/06/96
02/05/96 Union Bank of Switzerland 10,400,000 03/05/96
02/05/96 First Union Nat'l Bank 2,700,000 03/05/96
02/09/96 Midlantic National Bank 5,400,000 03/05/96
02/12/96 Merchants Nat'l Bank 100,000 02/26/96
02/20/96 Merchants Nat'l Bank 100,000 02/26/96
02/21/96 Merchants Nat'l Bank 100,000 02/26/96
02/22/96 First Union Nat'l Bank 100,000 03/06/96
02/26/96 National Community Bank 7,000,000 03/04/96
02/26/96 Chemical Bank New Jersey 3,400,000 03/26/96
-6-<PAGE>
GPU (conintued)
02/27/96 Union Bank of Switzerland $ 4,600,000 03/26/96
02/27/96 First Union Nat'l Bank 2,900,000 03/27/96
02/27/96 Banca Popolare Di Milano 7,800,000 03/19/96
02/27/96 First Union Nat'l Bank 5,000,000 03/27/96
02/28/96 Midlantic National Bank 4,600,000 03/28/96
02/28/96 First Union Nat'l Bank 10,100,000 03/28/96
02/28/96 Chemical Bank New Jersey 6,600,000 03/22/96
02/28/96 Banca Popolare Di Milano 12,200,000 03/19/96
02/28/96 Chase Manhattan Bank 6,600,000 02/29/96
02/29/96 Chase Manhattan Bank 6,700,000 03/06/96
03/04/96 National Community Bank 6,900,000 03/25/96
03/05/96 Morgan Guaranty Trust 5,000,000 03/26/96
03/05/96 Union Bank of Switzerland 8,200,000 04/09/96
03/05/96 Midlantic National Bank 5,400,000 04/05/96
03/06/96 Morgan Guaranty Trust 5,000,000 04/09/96
03/06/96 First Union Nat'l Bank 12,100,000 04/17/96
03/07/96 Merchants Nat'l Bank 100,000 03/28/96
03/19/96 Merchants Nat'l Bank 100,000 05/02/96
03/19/96 Banca Popolare Di Milano 20,000,000 05/02/96
03/22/96 Chemical Bank New Jersey 6,600,000 04/22/96
03/25/96 First Union Nat'l Bank 100,000 03/26/96
03/25/96 National Community Bank 7,000,000 04/25/96
Issue
Date Bank Amount Maturity
03/26/96 Mellon Bank, N.A. $10,000,000 04/26/96
03/26/96 Bank of New York 3,100,000 03/27/96
03/27/96 Swiss Bank Corp. 10,000,000 04/29/96
03/27/96 First Union Nat'l Bank 1,000,000 03/28/96
03/28/96 PNC Bank 15,800,000 04/18/96
03/29/96 Merchants Nat'l Bank 300,000 05/02/96
04/01/96 Merchants Nat'l Bank 100,000 05/02/96
04/05/96 Midlantic National Bank 5,400,000 05/03/96
04/09/96 Union Bank of Switzerland 8,200,000 05/29/96
04/09/96 Canadian Imperial Bank 5,100,000 05/29/96
04/10/96 Merchants Nat'l Bank 200,000 05/02/96
04/11/96 Midlantic National Bank 900,000 05/03/96
04/15/96 Merchants Nat'l Bank 100,000 05/02/96
04/17/96 United Jersey Bank, N.A. 12,200,000 06/17/96
04/18/96 PNC Bank 15,900,000 06/06/96
04/22/96 First Union Nat'l Bank 6,600,000 07/22/96
04/24/96 Merchants Nat'l Bank 100,000 05/02/96
04/25/96 First Union Nat'l Bank 7,200,000 07/25/96
04/26/96 National Community Bank 7,000,000 05/31/96
04/26/96 First Union Nat'l Bank 3,100,000 05/29/96
04/29/96 Canadian Imperial Bank 10,000,000 06/21/96
04/30/96 First Union Nat'l Bank 200,000 05/02/96
05/02/96 Banca Popolare Di Milano 20,000,000 06/27/96
05/02/96 Merchants Nat'l Bank 1,000,000 05/29/96
05/03/96 Fuji Bank 6,300,000 05/24/96
05/21/96 First Union Nat'l Bank 100,000 05/24/96
-7-<PAGE>
GPU (conintued)
05/24/96 Union Bank of Switzerland $ 6,400,000 08/08/96
05/29/96 Bank of New York 600,000 05/30/96
05/31/96 PNC Bank 6,400,000 06/11/96
06/04/96 PNC Bank 100,000 06/06/96
06/06/96 First Union Nat'l Bank 5,000,000 09/06/96
06/06/96 Fuji Bank 1,100,000 06/11/96
06/06/96 Hamilton Bank 10,000,000 07/08/96
06/11/96 PNC Bank 7,500,000 08/06/96
06/14/96 First Union Nat'l Bank 100,000 06/17/96
06/17/96 Fuji Bank 12,400,000 07/17/96
06/21/96 PNC Bank 2,500,000 07/17/96
06/21/96 Fuji Bank 7,600,000 08/20/96
06/27/96 Canadian Imperial Bank 10,000,000 08/28/96
06/27/96 Banca Popolare Di Milano 10,200,000 08/28/96
06/28/96 First Union Nat'l Bank 100,000 07/01/96
JCP&L
Issue
Date Bank Amount Maturity
10/03/95 Bank of New York $ 5,200,000 10/04/95
10/05/95 Chase Manhattan Bank 2,300,000 10/10/95
10/06/95 Bank of New York 3,700,000 10/10/95
Issue
Date Bank Amount Maturity
10/11/95 First Union Nat'l Bank $ 1,400,000 10/13/95
10/11/95 Banca Popolare Di Milano 1,600,000 10/13/95
10/16/95 Bank of New York 2,000,000 10/17/95
10/17/95 Bank of New York 3,300,000 10/18/95
10/24/95 Chase Manhattan Bank 10,000,000 10/27/95
10/24/95 Bank of New York 10,000,000 10/25/95
10/26/95 First Union Nat'l Bank 7,100,000 10/27/95
10/27/95 First Union Nat'l Bank 15,100,000 10/30/95
10/30/95 First Union Nat'l Bank 6,100,000 10/31/95
10/30/95 Chase Manhattan Bank 14,800,000 11/02/95
10/31/95 Morgan Guaranty Trust 10,800,000 11/08/95
11/01/95 Union Bank of Switzerland 12,100,000 11/14/95
11/01/95 First Union Nat'l Bank 10,900,000 11/13/95
11/01/95 Citibank, N.A. 15,000,000 11/06/95
11/01/95 Morgan Guaranty Trust 12,900,000 11/09/95
11/02/95 Chase Manhattan Bank 9,000,000 11/16/95
11/02/95 Chemical Bank New Jersey 8,900,000 11/20/95
11/03/95 First Union Nat'l Bank 5,700,000 11/21/95
11/03/95 Mellon Bank, N.A. 1,000,000 11/06/95
11/03/95 Chase Manhattan Bank 5,500,000 11/22/95
11/07/95 Banca Popolare Di Milano 5,600,000 11/10/95
11/08/95 Bank of New York 5,500,000 11/09/95
11/13/95 First Union Nat'l Bank 3,800,000 11/14/95
-8-<PAGE>
JCP&L (continued)
11/14/95 Morgan Guaranty Trust $16,400,000 11/24/95
11/15/95 First Union Nat'l Bank 5,100,000 11/28/95
11/16/95 First Union Nat'l Bank 5,500,000 11/29/95
11/17/95 First Union Nat'l Bank 5,200,000 12/01/95
11/20/95 Bank of New York 3,400,000 11/21/95
11/21/95 Union Bank of Switzerland 4,700,000 11/22/95
11/22/95 Chase Manhattan Bank 7,800,000 11/28/95
11/24/95 PNC Bank 6,300,000 11/27/95
11/24/95 Midlantic National Bank 6,800,000 11/27/95
11/29/95 First Union Nat'l Bank 8,200,000 12/07/95
12/01/95 Bank of New York 20,300,000 12/04/95
12/06/95 Citibank, N.A. 4,000,000 12/11/95
12/07/95 Citibank, N.A. 5,800,000 12/15/95
12/08/95 Chase Manhattan Bank 10,200,000 12/15/95
12/11/95 Citibank, N.A. 5,400,000 12/15/95
12/11/95 First Union Nat'l Bank 1,000,000 12/12/95
12/13/95 First Union Nat'l Bank 7,500,000 12/18/95
12/14/95 First Union Nat'l Bank 5,900,000 12/18/95
12/15/95 First Union Nat'l Bank 17,500,000 12/18/95
12/15/95 Mellon Bank, N.A. 30,000,000 12/18/95
12/18/95 First Union Nat'l Bank 10,900,000 12/19/95
12/19/95 Mellon Bank, N.A. 5,400,000 12/20/95
12/20/95 Chase Manhattan Bank 6,200,000 12/21/95
12/21/95 First Union Nat'l Bank 2,300,000 12/22/95
12/29/95 First Union Nat'l Bank 800,000 01/04/96
01/02/96 First Union Nat'l Bank 13,100,000 01/04/96
01/02/96 Union Bank of Switzerland 10,000,000 01/03/96
01/03/96 First Union Nat'l Bank 4,000,000 01/04/96
Issue
Date Bank Amount Maturity
01/03/96 National Community Bank $ 2,400,000 01/04/96
01/04/96 Chase Manhattan Bank 6,800,000 01/09/96
01/04/96 Canadian Imperial Bank 6,800,000 01/10/96
01/05/96 First Union Nat'l Bank 9,000,000 01/09/96
01/05/96 Bank of Pennsylvania 4,000,000 01/11/96
01/08/96 PNC Bank 1,200,000 01/09/96
01/09/96 First Union Nat'l Bank 7,900,000 01/16/96
01/09/96 First Union Nat'l Bank 7,900,000 01/12/96
02/01/96 First Union Nat'l Bank 3,100,000 02/02/96
02/05/96 Bank of New York 13,900,000 02/06/96
02/06/96 Bank of New York 9,600,000 02/07/96
03/20/96 Chase Manhattan Bank 500,000 03/21/96
04/01/96 Chase Manhattan Bank 23,000,000 04/29/96
04/01/96 Fuji Bank 20,000,000 04/22/96
04/01/96 First Union Nat'l Bank 10,100,000 04/08/96
04/01/96 Union Bank of Switzerland 6,800,000 04/08/96
04/01/96 Mellon Bank, N.A. 20,000,000 04/24/96
04/02/96 First Union Nat'l Bank 8,100,000 05/20/96
04/02/96 PNC Bank 16,800,000 05/13/96
04/02/96 PNC Bank 15,000,000 05/13/96
-9-<PAGE>
JCP&L (continued)
04/02/96 Citibank, N.A. $15,000,000 05/06/96
04/02/96 PNC Bank 15,000,000 05/20/96
04/03/96 Midlantic National Bank 2,700,000 04/18/96
04/03/96 First Union Nat'l Bank 3,800,000 04/15/96
04/03/96 Bank of New York 25,000,000 04/04/96
04/03/96 First Union Nat'l Bank 200,000 04/15/96
04/04/96 Bank of New York 5,400,000 04/05/96
04/04/96 First Union Nat'l Bank 4,400,000 04/05/96
04/05/96 Bank of Pennsylvania 2,500,000 04/10/96
04/05/96 Bank of New York 2,200,000 04/08/96
04/08/96 First Union Nat'l Bank 10,100,000 04/16/96
04/08/96 Union Bank of Switzerland 6,800,000 04/19/96
04/08/96 Chase Manhattan Bank 4,000,000 04/18/96
04/08/96 Bank of New York 14,300,000 04/09/96
04/09/96 First Union Nat'l Bank 10,800,000 04/10/96
04/10/96 Bank of New York 9,400,000 04/11/96
04/11/96 Bank of New York 6,500,000 04/12/96
04/16/96 First Union Nat'l Bank 7,400,000 04/17/96
04/17/96 Bank of New York 2,300,000 04/18/96
04/18/96 First Union Nat'l Bank 6,600,000 04/25/96
04/22/96 Chemical Bank New Jersey 6,900,000 05/08/96
04/22/96 Bank of New York 6,900,000 04/23/96
04/23/96 First Union Nat'l Bank 2,700,000 05/03/96
04/30/96 Mellon Bank, N.A. 7,500,000 05/07/96
05/06/96 Morgan Guaranty Trust 16,500,000 05/17/96
05/07/96 Mellon Bank, N.A. 2,600,000 05/08/96
05/09/96 Citibank, N.A. 3,900,000 05/16/96
05/13/96 Chase Manhattan Bank 14,100,000 06/13/96
05/13/96 Citibank, N.A. 9,300,000 06/13/96
05/14/96 Midlantic National Bank 5,700,000 05/15/96
05/14/96 Bank of New York 8,600,000 05/15/96
Issue
Date Bank Amount Maturity
05/15/96 Bank of New York $ 9,700,000 05/16/96
05/16/96 Citibank, N.A. 2,100,000 05/23/96
05/16/96 First Union Nat'l Bank 1,700,000 05/24/96
05/16/96 First Union Nat'l Bank 7,600,000 05/24/96
05/17/96 Mellon Bank, N.A. 8,100,000 06/04/96
05/20/96 Bank of New York 19,300,000 05/21/96
05/21/96 First Union Nat'l Bank 8,000,000 06/06/96
05/21/96 Bank of New York 10,900,000 05/22/96
05/22/96 Fuji Bank 5,500,000 05/23/96
05/24/96 Chase Manhattan Bank 8,100,000 05/28/96
05/28/96 Chase Manhattan Bank 5,300,000 06/17/96
05/29/96 Chase Manhattan Bank 15,000,000 06/26/96
05/29/96 First Union Nat'l Bank 10,700,000 06/28/96
05/29/96 Bank of Pennsylvania 12,000,000 06/18/96
05/29/96 Canadian Imperial Bank 10,000,000 06/27/96
05/29/96 First Union Nat'l Bank 10,400,000 07/29/96
05/29/96 Bank of New York 3,000,000 05/30/96
-10-<PAGE>
JCP&L (continued)
05/30/96 Union Bank of Switzerland $ 3,600,000 06/07/96
05/31/96 Morgan Guaranty Trust 5,000,000 06/12/96
05/31/96 Union Bank of Switzerland 5,000,000 06/25/96
06/04/96 PNC Bank 3,000,000 06/07/96
06/05/96 Citibank, N.A. 5,700,000 06/11/96
06/05/96 Fuji Bank 8,300,000 06/14/96
06/05/96 PNC Bank 5,500,000 06/19/96
06/06/96 First Union Nat'l Bank 4,300,000 06/07/96
06/07/96 Mellon Bank, N.A. 1,100,000 06/10/96
06/07/96 Union Bank of Switzerland 3,600,000 07/08/96
06/12/96 Mellon Bank, N.A. 6,300,000 06/13/96
06/13/96 PNC Bank 22,700,000 07/08/96
06/14/96 PNC Bank 5,900,000 07/17/96
06/17/96 Midlantic National Bank 5,700,000 07/09/96
06/17/96 Chemical Bank New Jersey 10,000,000 06/25/96
06/17/96 PNC Bank 4,300,000 07/09/96
06/17/96 PNC Bank 6,500,000 07/03/96
06/18/96 First Union Nat'l Bank 1,500,000 06/19/96
06/18/96 Bank of Pennsylvania 6,000,000 07/09/96
06/19/96 Bank of New York 1,800,000 06/20/96
06/20/96 First Union Nat'l Bank 7,900,000 07/10/96
06/20/96 First Union Nat'l Bank 1,500,000 07/10/96
06/21/96 Canadian Imperial Bank 3,900,000 07/11/96
06/21/96 Bank of Pennsylvania 2,100,000 07/11/96
06/24/96 Union Bank of Switzerland 2,700,000 06/27/96
06/25/96 United Jersey Bank, N.A. 14,100,000 07/12/96
06/27/96 Mellon Bank, N.A. 10,900,000 07/18/96
06/28/96 Mellon Bank, N.A. 9,100,000 07/11/96
06/28/96 Bank of New York 6,400,000 07/01/96
Met-Ed
Issue
Date Bank Amount Maturity
10/03/95 Bank of New York $ 4,700,000 10/04/95
10/04/95 First Union Nat'l Bank 4,300,000 10/05/95
10/05/95 First Union Nat'l Bank 1,500,000 10/06/95
10/06/95 First Union Nat'l Bank 8,800,000 10/16/95
10/06/95 Bank of New York 10,000,000 10/10/95
10/10/95 Bank of New York 4,100,000 10/11/95
10/11/95 First Union Nat'l Bank 300,000 10/12/95
10/12/95 Chase Manhattan Bank 500,000 10/13/95
10/13/95 First Union Nat'l Bank 100,000 10/16/95
10/16/95 Bank of New York 8,200,000 10/17/95
10/17/95 First Union Nat'l Bank 7,200,000 10/18/95
10/18/95 First Union Nat'l Bank 5,700,000 10/19/95
10/20/95 First Union Nat'l Bank 2,600,000 10/23/95
10/24/95 Chase Manhattan Bank 10,000,000 10/30/95
10/24/95 First Union Nat'l Bank 10,000,000 10/25/95
10/26/95 First Union Nat'l Bank 5,200,000 10/27/95
10/26/95 Chase Manhattan Bank 5,000,000 11/03/95
-11-<PAGE>
Met-Ed (continued)
10/27/95 Chase Manhattan Bank $ 5,200,000 11/06/95
10/31/95 Morgan Guaranty Trust 3,000,000 11/08/95
11/01/95 First Union Nat'l Bank 9,400,000 11/13/95
11/02/95 Midlantic National Bank 10,000,000 11/10/95
11/02/95 Chase Manhattan Bank 4,300,000 11/10/95
11/03/95 Mellon Bank, N.A. 6,800,000 11/06/95
11/06/95 National Community Bank 7,000,000 11/20/95
11/06/95 Chase Manhattan Bank 1,900,000 11/14/95
11/07/95 Chase Manhattan Bank 3,000,000 11/08/95
11/07/95 Banca Popolare Di Milano 4,000,000 11/15/95
11/08/95 First Union Nat'l Bank 5,200,000 11/09/95
11/09/95 First Union Nat'l Bank 3,100,000 11/22/95
11/10/95 Morgan Guaranty Trust 11,400,000 11/27/95
11/13/95 Morgan Guaranty Trust 6,000,000 11/21/95
11/13/95 First Union Nat'l Bank 1,900,000 11/14/95
11/14/95 First Union Nat'l Bank 900,000 11/15/95
11/14/95 First Union Nat'l Bank 2,500,000 11/15/95
11/15/95 First Union Nat'l Bank 8,100,000 11/16/95
11/16/95 First Union Nat'l Bank 3,100,000 11/17/95
11/16/95 First Union Nat'l Bank 4,700,000 12/04/95
11/17/95 First Union Nat'l Bank 1,500,000 11/20/95
11/20/95 Chase Manhattan Bank 7,000,000 12/11/95
11/20/95 Chase Manhattan Bank 6,300,000 12/05/95
11/21/95 Midlantic National Bank 3,200,000 11/28/95
11/21/95 Union Bank of Switzerland 3,700,000 11/22/95
11/22/95 Midlantic National Bank 6,800,000 11/24/95
11/24/95 First Union Nat'l Bank 5,500,000 12/08/95
11/27/95 Union Bank of Switzerland 5,700,000 02/06/95
11/27/95 First Union Nat'l Bank 3,400,000 11/28/95
11/27/95 First Union Nat'l Bank 600,000 11/28/95
11/28/95 First Union Nat'l Bank 5,500,000 11/29/95
11/29/95 First Union Nat'l Bank 4,000,000 12/13/95
12/04/95 First Union Nat'l Bank 800,000 12/05/95
Issue
Date Bank Amount Maturity
12/06/95 First Union Nat'l Bank $ 5,200,000 12/15/95
12/06/95 Citibank, N.A. 1,200,000 12/15/95
12/07/95 National Community Bank 7,000,000 12/15/95
12/07/95 Citibank, N.A. 2,600,000 12/15/95
12/08/95 Chase Manhattan Bank 4,900,000 12/19/95
12/13/95 Mellon Bank, N.A. 1,600,000 12/14/95
12/14/95 First Union Nat'l Bank 4,100,000 12/18/95
12/15/95 Chase Manhattan Bank 22,100,000 12/18/95
12/15/95 First Union Nat'l Bank 1,600,000 12/18/95
12/18/95 First Union Nat'l Bank 5,200,000 12/19/95
12/18/95 First National Bank 5,990,000 09/13/96
12/19/95 Chase Manhattan Bank 11,800,000 12/21/95
12/20/95 Chase Manhattan Bank 4,000,000 12/26/95
12/21/95 First Union Nat'l Bank 4,200,000 12/22/95
12/21/95 Union Bank of Switzerland 5,000,000 12/28/95
-12-<PAGE>
Met-Ed (continued)
12/22/95 First Union Nat'l Bank $ 4,000,000 12/27/95
12/26/95 First Union Nat'l Bank 1,400,000 12/27/95
12/27/95 First Union Nat'l Bank 2,200,000 12/28/95
12/28/95 First Union Nat'l Bank 10,000,000 01/09/96
12/28/95 First Union Nat'l Bank 3,000,000 12/29/95
12/29/95 Chase Manhattan Bank 4,800,000 01/12/96
12/29/95 First Union Nat'l Bank 1,600,000 01/02/96
01/02/96 Citibank, N.A. 7,700,000 01/10/96
01/02/96 Union Bank of Switzerland 5,000,000 01/03/96
01/02/96 First Union Nat'l Bank 7,000,000 01/04/96
01/03/96 First Union Nat'l Bank 100,000 01/04/96
01/03/96 Midlantic National Bank 2,800,000 01/11/96
01/04/96 National Community Bank 6,400,000 01/05/96
01/08/96 PNC Bank 200,000 01/09/96
01/09/96 First Union Nat'l Bank 1,500,000 01/18/96
01/09/96 Midlantic National Bank 7,200,000 01/17/96
01/10/96 First Union Nat'l Bank 3,600,000 01/11/96
01/12/96 First Union Nat'l Bank 4,000,000 01/16/96
01/16/96 First Union Nat'l Bank 5,300,000 01/23/96
01/17/96 National Community Bank 5,000,000 01/24/96
01/18/96 First Union Nat'l Bank 6,000,000 01/19/96
01/19/96 First Union Nat'l Bank 3,700,000 01/22/96
01/22/96 First Union Nat'l Bank 3,300,000 01/29/96
01/23/96 Midlantic National Bank 1,800,000 01/24/96
01/24/96 First Union Nat'l Bank 400,000 01/25/96
01/31/96 First Union Nat'l Bank 500,000 02/06/96
02/02/96 Bank of New York 9,000,000 02/05/96
02/05/96 Bank of New York 5,800,000 02/06/96
02/06/96 Bank of New York 2,500,000 02/07/96
02/07/96 First Union Nat'l Bank 400,000 02/08/96
02/08/96 Chemical Bank New Jersey 9,500,000 02/09/96
02/09/96 National Community Bank 7,000,000 02/12/96
02/12/96 National Community Bank 3,200,000 02/13/96
02/20/96 First Union Nat'l Bank 2,900,000 02/21/96
03/04/96 First Union Nat'l Bank 300,000 03/05/96
03/15/96 Chase Manhattan Bank 10,000,000 03/18/96
Issue
Date Bank Amount Maturity
03/15/96 Canadian Imperial Bank $10,500,000 03/22/96
03/18/96 Bank of New York 12,800,000 03/19/96
03/19/96 Bank of New York 4,000,000 03/20/96
03/20/96 Bank of New York 3,000,000 03/21/96
03/21/96 Chase Manhattan Bank 900,000 03/22/96
03/22/96 Bank of New York 4,000,000 03/25/96
03/25/96 First Union Nat'l Bank 200,000 03/26/96
03/26/96 Bank of New York 4,900,000 03/27/96
03/28/96 First Union Nat'l Bank 9,000,000 04/03/96
03/28/96 First Union Nat'l Bank 200,000 04/03/96
03/29/96 Union Bank of Switzerland 5,800,000 04/08/96
03/29/96 First Union Nat'l Bank 5,000,000 04/01/96
-13-<PAGE>
Met-Ed (continued)
04/02/96 Morgan Guaranty Trust $ 7,000,000 04/09/96
04/03/96 First Union Nat'l Bank 7,000,000 04/04/96
04/04/96 First Union Nat'l Bank 4,400,000 04/05/96
04/05/96 Bank of New York 2,700,000 04/08/96
04/08/96 First Union Nat'l Bank 4,300,000 04/09/96
04/09/96 Bank of New York 8,900,000 04/10/96
04/10/96 First Union Nat'l Bank 6,900,000 04/11/96
04/11/96 Bank of New York 6,400,000 04/12/96
04/15/96 Bank of New York 2,800,000 04/16/96
04/16/96 First Union Nat'l Bank 6,300,000 04/17/96
04/16/96 Bank of New York 1,400,000 04/17/96
04/17/96 Bank of New York 6,700,000 04/18/96
04/18/96 Chase Manhattan Bank 1,000,000 04/25/96
04/18/96 PNC Bank 1,400,000 04/25/96
04/18/96 Chemical Bank New Jersey 1,800,000 04/25/96
04/22/96 First Union Nat'l Bank 6,500,000 04/23/96
04/23/96 Bank of New York 3,000,000 04/24/96
04/24/96 Fuji Bank 3,000,000 04/29/96
04/25/96 National Community Bank 3,500,000 04/26/96
04/26/96 Mellon Bank, N.A. 5,000,000 04/29/96
04/26/96 Fuji Bank 5,700,000 05/03/96
04/29/96 Bank of New York 6,100,000 04/30/96
04/30/96 Chase Manhattan Bank 4,500,000 05/06/96
04/30/96 First Union Nat'l Bank 800,000 05/01/96
04/30/96 PNC Bank 2,300,000 05/07/96
05/02/96 Chase Manhattan Bank 4,000,000 05/08/96
05/06/96 First Union Nat'l Bank 1,500,000 05/10/96
05/08/96 Chase Manhattan Bank 2,800,000 05/13/96
05/10/96 Mellon Bank, N.A. 2,800,000 05/13/96
05/10/96 First Union Nat'l Bank 5,800,000 05/13/96
05/10/96 First Union Nat'l Bank 1,500,000 05/13/96
05/13/96 Fuji Bank 10,800,000 05/14/96
05/14/96 Bank of New York 7,800,000 05/15/96
05/15/96 First Union Nat'l Bank 6,400,000 05/16/96
05/16/96 Fuji Bank 4,700,000 05/17/96
05/17/96 Bank of New York 1,600,000 05/20/96
05/29/96 Bank of New York 7,700,000 05/30/96
05/30/96 Bank of New York 7,200,000 05/31/96
06/04/96 Bank of New York 11,800,000 06/05/96
Issue
Date Bank Amount Maturity
06/07/96 Fuji Bank $ 9,800,000 06/14/96
06/11/96 Mellon Bank, N.A. 7,500,000 06/12/96
06/12/96 Mellon Bank, N.A. 8,500,000 06/13/96
06/12/96 Mellon Bank, N.A. 2,900,000 06/13/96
06/18/96 First Union Nat'l Bank 6,700,000 06/25/96
06/18/96 Chase Manhattan Bank 2,400,000 06/19/96
06/19/96 First Union Nat'l Bank 1,500,000 06/20/96
06/19/96 Citibank, N.A. 10,300,000 06/26/96
06/20/96 Chase Manhattan Bank 3,600,000 06/28/96
-14-<PAGE>
Met-Ed (continued)
06/21/96 Bank of New York $11,300,000 06/24/96
06/25/96 Chemical Bank New Jersey 2,700,000 06/26/96
06/26/96 Mellon Bank, N.A. 7,100,000 07/02/96
06/26/96 Bank of New York 6,100,000 07/02/96
06/28/96 Bank of New York 7,300,000 07/08/96
Penelec
Issue
Date Bank Amount Maturity
10/02/95 Morgan Guaranty Trust $11,900,000 10/11/95
10/03/95 Citibank, N.A. 13,100,000 10/10/95
10/05/95 Bank of New York 15,100,000 10/06/95
10/10/95 Chase Manhattan Bank 6,900,000 10/12/95
10/11/95 Chase Manhattan Bank 20,000,000 10/13/95
10/11/95 First Union Nat'l Bank 200,000 10/13/95
10/12/95 Chase Manhattan Bank 4,500,000 10/13/95
10/12/95 Bank of New York 3,900,000 10/13/95
10/26/95 First Union Nat'l Bank 300,000 10/27/95
10/27/95 First Union Nat'l Bank 900,000 10/30/95
10/31/95 Mellon Bank, N.A. 2,800,000 11/02/95
11/01/95 First Union Nat'l Bank 5,000,000 11/02/95
11/01/95 First Union Nat'l Bank 9,900,000 11/06/95
11/02/95 First Union Nat'l Bank 5,200,000 11/03/95
11/02/95 First Union Nat'l Bank 1,400,000 11/03/95
11/03/95 First Union Nat'l Bank 4,500,000 11/08/95
11/03/95 Chase Manhattan Bank 1,000,000 11/08/95
11/06/95 Bank of New York 8,900,000 11/07/95
11/07/95 First Union Nat'l Bank 8,900,000 11/13/95
11/08/95 Bank of New York 2,200,000 11/09/95
11/10/95 Banca Popolare Di Milano 8,000,000 11/14/95
11/10/95 Midlantic National Bank 10,000,000 11/21/95
11/10/95 Chase Manhattan Bank 7,400,000 11/16/95
11/13/95 First Union Nat'l Bank 7,300,000 11/15/95
11/14/95 First Union Nat'l Bank 4,800,000 11/17/95
11/15/95 Banca Popolare Di Milano 9,000,000 11/20/95
11/16/95 First Union Nat'l Bank 5,200,000 11/28/95
11/17/95 First Union Nat'l Bank 2,600,000 12/04/95
11/20/95 National Community Bank 7,000,000 12/05/95
11/20/95 First Union Nat'l Bank 800,000 11/21/95
Issue
Date Bank Amount Maturity
11/21/95 Midlantic National Bank $ 6,800,000 11/22/95
11/22/95 Bank of New York 8,500,000 11/24/95
11/24/95 PNC Bank 7,100,000 11/27/95
11/27/95 Midlantic National Bank 6,200,000 12/04/95
11/28/95 Merchants Nat'l Bank 600,000 12/06/95
11/29/95 First Union Nat'l Bank 5,200,000 12/06/95
-15-<PAGE>
Penelec (continued)
11/30/95 Citibank, N.A. $ 7,700,000 12/07/95
12/01/95 Citibank, N.A. 3,500,000 12/11/95
12/01/95 First Union Nat'l Bank 5,300,000 12/21/95
12/04/95 Chase Manhattan Bank 13,000,000 12/12/95
12/06/95 Midlantic National Bank 5,800,000 12/27/95
12/08/95 Morgan Guaranty Trust 5,600,000 12/13/95
12/11/95 First Union Nat'l Bank 400,000 12/12/95
12/12/95 Chase Manhattan Bank 7,300,000 12/14/95
12/14/95 First Union Nat'l Bank 5,400,000 12/18/95
12/15/95 National Community Bank 7,000,000 12/18/95
12/15/95 PNC Bank 7,200,000 12/18/95
12/18/95 Bank of New York 7,300,000 12/19/95
12/19/95 Mellon Bank, N.A. 2,400,000 12/20/95
12/20/95 Chase Manhattan Bank 2,200,000 12/21/95
12/21/95 First Union Nat'l Bank 7,900,000 12/22/95
12/22/95 Bank of New York 8,000,000 12/26/95
12/26/95 First Union Nat'l Bank 2,000,000 12/27/95
12/26/95 Midlantic National Bank 4,200,000 01/05/96
12/27/95 First Union Nat'l Bank 4,300,000 12/28/95
12/28/95 First Union Nat'l Bank 7,000,000 01/18/96
12/29/95 First Union Nat'l Bank 4,400,000 01/10/96
12/29/95 First Union Nat'l Bank 3,500,000 01/03/96
12/29/95 Chase Manhattan Bank 8,000,000 01/09/96
01/02/96 Midlantic National Bank 4,700,000 01/03/96
01/03/96 Midlantic National Bank 3,000,000 01/09/96
01/03/96 First Union Nat'l Bank 3,800,000 01/09/96
01/04/96 Morgan Guaranty Trust 8,300,000 01/17/96
01/05/96 Midlantic National Bank 2,700,000 01/09/96
01/08/96 PNC Bank 400,000 01/09/96
01/09/96 First Union Nat'l Bank 10,000,000 01/10/96
01/09/96 First Union Nat'l Bank 5,000,000 01/11/96
01/10/96 National Community Bank 7,000,000 01/11/96
01/10/96 First Union Nat'l Bank 2,100,000 01/11/96
01/11/96 National Community Bank 7,000,000 01/12/96
01/11/96 First Union Nat'l Bank 1,200,000 01/12/96
01/11/96 Midlantic National Bank 2,800,000 01/12/96
01/12/96 First Union Nat'l Bank 6,600,000 01/16/96
01/16/96 Midlantic National Bank 2,200,000 01/19/96
01/17/96 Midlantic National Bank 3,200,000 01/19/96
01/18/96 Midlantic National Bank 4,600,000 01/22/96
01/18/96 First Union Nat'l Bank 700,000 01/19/96
01/19/96 Chemical Bank New Jersey 3,900,000 01/23/96
01/22/96 Midlantic National Bank 3,200,000 01/23/96
01/23/96 Midlantic National Bank 2,400,000 01/24/96
01/24/96 First Union Nat'l Bank 200,000 01/25/96
Issue
Date Bank Amount Maturity
01/25/96 First Union Nat'l Bank $ 1,300,000 01/26/96
01/26/96 First Union Nat'l Bank 6,400,000 01/29/96
01/29/96 National Community Bank 3,300,000 01/30/96
-16-<PAGE>
Penelec (continued)
01/30/96 First Union Nat'l Bank $ 7,000,000 02/02/96
01/31/96 First Union Nat'l Bank 3,000,000 02/13/96
01/31/96 National Community Bank 7,000,000 02/08/96
01/31/96 Chemical Bank New Jersey 10,000,000 02/06/96
01/31/96 First Union Nat'l Bank 2,000,000 02/02/96
02/01/96 First Union Nat'l Bank 3,600,000 02/02/96
02/02/96 Bank of New York 3,000,000 02/05/96
02/02/96 Citibank, N.A. 8,100,000 02/09/96
02/05/96 Bank of New York 2,400,000 02/06/96
02/06/96 Bank of New York 6,200,000 02/07/96
02/07/96 First Union Nat'l Bank 1,100,000 02/08/96
02/08/96 National Community Bank 6,800,000 02/09/96
02/09/96 First Union Nat'l Bank 12,700,000 02/12/96
02/12/96 Chemical Bank New Jersey 8,000,000 02/13/96
02/13/96 National Community Bank 6,700,000 02/14/96
02/14/96 National Community Bank 5,500,000 02/15/96
02/15/96 National Community Bank 4,300,000 02/16/96
02/28/96 First Union Nat'l Bank 8,000,000 03/05/96
02/29/96 First Union Nat'l Bank 8,000,000 03/07/96
03/01/96 First Union Nat'l Bank 7,000,000 03/13/96
03/04/96 Chase Manhattan Bank 5,900,000 03/08/96
03/06/96 First Union Nat'l Bank 5,900,000 03/12/96
03/07/96 Chase Manhattan Bank 5,600,000 04/05/96
03/08/96 First Union Nat'l Bank 3,700,000 03/11/96
03/11/96 First Union Nat'l Bank 900,000 03/25/96
03/11/96 First Union Nat'l Bank 12,100,000 03/25/96
03/11/96 Citibank, N.A. 14,800,000 03/22/96
03/12/96 Canadian Imperial Bank 7,100,000 04/12/96
03/13/96 Chase Manhattan Bank 5,500,000 03/20/96
03/15/96 United Jersey Bank, N.A. 15,000,000 04/05/96
03/15/96 Chase Manhattan Bank 3,900,000 03/18/96
03/15/96 First Union Nat'l Bank 12,900,000 04/08/96
03/15/96 Mellon Bank, N.A. 7,400,000 03/26/96
03/18/96 Bank of New York 4,700,000 03/19/96
03/19/96 Bank of New York 800,000 03/20/96
03/20/96 Bank of New York 7,000,000 03/21/96
03/22/96 Morgan Guaranty Trust 5,000,000 04/22/96
03/22/96 Bank of Pennsylvania 11,100,000 04/04/96
03/25/96 First Union Nat'l Bank 9,000,000 03/26/96
03/26/96 Bank of New York 12,700,000 03/27/96
03/28/96 First Union Nat'l Bank 8,100,000 04/02/96
03/29/96 Morgan Guaranty Trust 5,900,000 04/26/96
04/01/96 Bank of New York 1,300,000 04/02/96
04/02/96 First Union Nat'l Bank 3,600,000 04/03/96
04/02/96 Morgan Guaranty Trust 12,500,000 04/16/96
04/02/96 Chemical Bank New Jersey 3,400,000 04/09/96
04/03/96 Midlantic National Bank 1,900,000 04/10/96
04/05/96 First Union Nat'l Bank 8,800,000 05/03/96
-17-<PAGE>
Penelec (continued)
Issue
Date Bank Amount Maturity
04/05/96 Bank of Pennsylvania $ 9,500,000 04/25/96
04/08/96 First Union Nat'l Bank 8,400,000 04/09/96
04/09/96 Bank of New York 9,000,000 04/10/96
04/12/96 Chemical Bank New Jersey 2,500,000 04/18/96
04/16/96 First Union Nat'l Bank 7,600,000 05/14/96
04/16/96 First Union Nat'l Bank 5,700,000 04/17/96
04/17/96 Bank of New York 4,800,000 04/18/96
04/18/96 Midlantic National Bank 3,700,000 05/09/96
04/18/96 Chemical Bank New Jersey 1,300,000 05/09/96
04/19/96 First Union Nat'l Bank 6,400,000 04/22/96
04/22/96 Bank of New York 5,700,000 04/23/96
04/22/96 Union Bank of Switzerland 6,800,000 05/22/96
04/24/96 Mellon Bank, N.A. 11,400,000 05/13/96
04/25/96 First Union Nat'l Bank 8,600,000 05/28/96
04/29/96 Chase Manhattan Bank 22,400,000 05/10/96
04/30/96 First Union Nat'l Bank 300,000 05/02/96
05/01/96 First Union Nat'l Bank 1,500,000 05/02/96
05/02/96 Chase Manhattan Bank 2,000,000 05/15/96
05/02/96 First Union Nat'l Bank 1,700,000 05/15/96
05/06/96 Fuji Bank 7,000,000 05/07/96
05/06/96 First Union Nat'l Bank 5,800,000 06/06/96
05/07/96 First Union Nat'l Bank 4,000,000 05/08/96
05/08/96 Chase Manhattan Bank 3,200,000 05/17/96
05/09/96 Citibank, N.A. 1,800,000 05/16/96
05/10/96 Morgan Guaranty Trust 5,000,000 06/10/96
05/10/96 Chase Manhattan Bank 9,100,000 06/04/96
05/10/96 Chemical Bank New Jersey 10,000,000 06/10/96
05/13/96 First Union Nat'l Bank 1,500,000 06/13/96
05/13/96 First Union Nat'l Bank 5,800,000 06/18/96
05/13/96 Mellon Bank, N.A. 1,500,000 06/13/96
05/14/96 Midlantic National Bank 4,300,000 06/25/96
05/15/96 Midlantic National Bank 4,200,000 06/12/96
05/24/96 First Union Nat'l Bank 5,600,000 05/28/96
05/30/96 Morgan Guaranty Trust 10,000,000 06/19/96
06/03/96 Mellon Bank, N.A. 4,400,000 06/11/96
06/03/96 Midlantic National Bank 1,500,000 06/11/96
06/03/96 Mellon Bank, N.A. 400,000 06/11/96
06/04/96 Mellon Bank, N.A. 7,200,000 06/05/96
06/07/96 First Union Nat'l Bank 7,900,000 06/20/96
06/11/96 Bank of New York 4,900,000 06/12/96
06/14/96 Morgan Guaranty Trust 9,300,000 06/27/96
06/18/96 Bank of Pennsylvania 3,900,000 07/03/96
06/19/96 Chase Manhattan Bank 8,600,000 07/12/96
06/24/96 Mellon Bank, N.A. 2,900,000 07/19/96
06/24/96 Bank of New York 5,000,000 06/25/96
06/24/96 Canadian Imperial Bank 6,100,000 07/19/96
06/25/96 Union Bank of Switzerland 700,000 07/22/96
06/25/96 First Union Nat'l Bank 6,700,000 07/22/96
06/26/96 Midlantic National Bank 4,300,000 07/16/96
06/26/96 Chemical Bank New Jersey 2,400,000 06/27/96
-18-<PAGE>
Penelec (continued)
06/26/96 Union Bank of Switzerland $ 4,300,000 08/26/96
Issue
Date Bank Amount Maturity
06/27/96 Banca Popolare Di Milano $ 9,800,000 07/26/96
06/27/96 Mellon Bank, N.A. 5,200,000 06/28/96
06/28/96 First Union Nat'l Bank 10,600,000 07/24/96
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 October 1, 1995 through June 30, 1996,
the Companies repaid unsecured promissory notes issued to banks,
as follows:
GPU
Date Bank Amount
10/10/95 Union Bank of Switzerland $ 9,800,000
10/10/95 Union Bank of Switzerland 600,000
10/16/95 First Union Nat'l Bank 5,600,000
10/16/95 Merchants Nat'l Bank 100,000
10/16/95 First Union Nat'l Bank 5,000,000
10/26/95 Morgan Guaranty Trust 4,900,000
11/01/95 Mellon Bank, N.A. 6,100,000
11/01/95 National Community Bank 7,000,000
11/01/95 Union Bank of Switzerland 6,200,000
11/01/95 Merchants Nat'l Bank 100,000
11/01/95 First Union Nat'l Bank 10,800,000
11/01/95 Chemical Bank New Jersey 10,000,000
11/01/95 Midlantic National Bank 6,800,000
11/01/95 Midlantic National Bank 3,200,000
11/02/95 First Union Nat'l Bank 5,200,000
11/02/95 Banca Popolare Di Milano 13,500,000
11/29/95 Banca Popolare Di Milano 4,900,000
11/29/95 United Jersey Bank, N.A. 8,300,000
11/29/95 First Union Nat'l Bank 6,900,000
11/30/95 United Jersey Bank, N.A. 5,000,000
-19-<PAGE>
GPU (continued)
12/11/95 First Union Nat'l Bank $2,400,000
12/14/95 United Jersey Bank, N.A. 3,800,000
12/15/95 Union Bank of Switzerland 6,400,000
12/15/95 Midlantic National Bank 3,600,000
Date Bank Amount
12/15/95 First Union Nat'l Bank $10,100,000
12/15/95 United Jersey Bank, N.A. 10,000,000
12/15/95 First Union Nat'l Bank 2,400,000
12/18/95 PNC Bank 7,700,000
12/18/95 Bank of New York 25,000,000
12/18/95 First Union Nat'l Bank 3,800,000
12/19/95 Bank of New York 14,600,000
12/20/95 First Union Nat'l Bank 3,000,000
12/28/95 Union Bank of Switzerland 2,900,000
12/28/95 Union Bank of Switzerland 1,700,000
01/05/96 Merchants Nat'l Bank 100,000
01/05/96 Bank of Pennsylvania 12,000,000
01/09/96 PNC Bank 100,000
01/19/96 Chemical Bank New Jersey 10,000,000
01/19/96 Merchants Nat'l Bank 100,000
01/26/96 Morgan Guaranty Trust 15,000,000
01/26/96 Merchants Nat'l Bank 100,000
01/31/96 First Union Nat'l Bank 4,600,000
02/01/96 First Union Nat'l Bank 10,700,000
02/01/96 Midlantic National Bank 4,600,000
02/02/96 Bank of Pennsylvania 4,900,000
02/02/96 First Union Nat'l Bank 5,300,000
02/05/96 Merchants Nat'l Bank 200,000
02/05/96 Morgan Guaranty Trust 12,800,000
02/09/96 Midlantic National Bank 5,400,000
02/09/96 Merchants Nat'l Bank 100,000
02/26/96 Swiss Bank Corp. 10,000,000
02/26/96 Merchants Nat'l Bank 100,000
02/26/96 Merchants Nat'l Bank 100,000
02/26/96 Merchants Nat'l Bank 100,000
02/27/96 Banca Popolare Di Milano 20,000,000
02/28/96 First Union Nat'l Bank 10,100,000
02/28/96 Midlantic National Bank 4,600,000
02/29/96 Chase Manhattan Bank 6,600,000
03/04/96 National Community Bank 7,000,000
03/05/96 First Union Nat'l Bank 2,700,000
03/05/96 Midlantic National Bank 5,400,000
03/05/96 Union Bank of Switzerland 10,400,000
03/06/96 First Union Nat'l Bank 10,200,000
03/06/96 Chase Manhattan Bank 6,700,000
03/06/96 First Union Nat'l Bank 100,000
03/19/96 Banca Popolare Di Milano 12,200,000
03/19/96 Banca Popolare Di Milano 7,800,000
03/22/96 Chemical Bank New Jersey 6,600,000
03/25/96 National Community Bank 6,900,000
-20-<PAGE>
GPU (continued)
03/26/96 Chemical Bank New Jersey $3,400,000
03/26/96 Union Bank of Switzerland 4,600,000
03/26/96 Morgan Guaranty Trust 5,000,000
03/26/96 First Union Nat'l Bank 100,000
03/27/96 First Union Nat'l Bank 5,000,000
03/27/96 First Union Nat'l Bank 2,900,000
03/27/96 Bank of New York 3,100,000
Date Bank Amount
03/28/96 Merchants Nat'l Bank $ 100,000
03/28/96 Midlantic National Bank 4,600,000
03/28/96 First Union Nat'l Bank 1,000,000
03/28/96 First Union Nat'l Bank 10,100,000
04/05/96 Midlantic National Bank 5,400,000
04/09/96 Union Bank of Switzerland 8,200,000
04/09/96 Morgan Guaranty Trust 5,000,000
04/17/96 First Union Nat'l Bank 12,100,000
04/18/96 PNC Bank 15,800,000
04/22/96 Chemical Bank New Jersey 6,600,000
04/25/96 National Community Bank 7,000,000
04/26/96 Mellon Bank, N.A. 10,000,000
04/29/96 Swiss Bank Corp. 10,000,000
05/02/96 Merchants Nat'l Bank 200,000
05/02/96 Merchants Nat'l Bank 100,000
05/02/96 Merchants Nat'l Bank 100,000
05/02/96 Merchants Nat'l Bank 100,000
05/02/96 Merchants Nat'l Bank 300,000
05/02/96 Merchants Nat'l Bank 100,000
05/02/96 First Union Nat'l Bank 200,000
05/02/96 Banca Popolare Di Milano 20,000,000
05/03/96 Midlantic National Bank 900,000
05/03/96 Midlantic National Bank 5,400,000
05/24/96 First Union Nat'l Bank 100,000
05/24/96 Fuji Bank 6,300,000
05/29/96 Canadian Imperial Bank 5,100,000
05/29/96 Union Bank of Switzerland 8,200,000
05/29/96 Merchants Nat'l Bank 1,000,000
05/29/96 First Union Nat'l Bank 3,100,000
05/30/96 Bank of New York 600,000
05/31/96 National Community Bank 7,000,000
06/06/96 PNC Bank 100,000
06/06/96 PNC Bank 15,900,000
06/11/96 Fuji Bank 1,100,000
06/11/96 PNC Bank 6,400,000
06/17/96 United Jersey Bank, N.A. 12,200,000
06/17/96 First Union Nat'l Bank 100,000
06/21/96 Canadian Imperial Bank 10,000,000
06/27/96 Banca Popolare Di Milano 20,000,000
-21-<PAGE>
JCP&L
Date Bank Amount
10/04/95 Bank of New York $ 5,200,000
10/10/95 Chase Manhattan Bank 2,300,000
10/10/95 Bank of New York 3,700,000
10/12/95 First Union Nat'l Bank 13,600,000
10/13/95 Banca Popolare Di Milano 1,600,000
10/13/95 First Union Nat'l Bank 1,400,000
10/17/95 Bank of New York 2,000,000
Date Bank Amount
10/18/95 Bank of New York $ 3,300,000
10/25/95 Bank of New York 10,000,000
10/27/95 First Union Nat'l Bank 7,100,000
10/27/95 Chase Manhattan Bank 10,000,000
10/30/95 First Union Nat'l Bank 15,100,000
10/31/95 First Union Nat'l Bank 6,100,000
11/02/95 Chase Manhattan Bank 14,800,000
11/06/95 Citibank, N.A. 15,000,000
11/06/95 Mellon Bank, N.A. 1,000,000
11/08/95 Morgan Guaranty Trust 10,800,000
11/09/95 Bank of New York 5,500,000
11/09/95 Morgan Guaranty Trust 12,900,000
11/10/95 Banca Popolare Di Milano 5,600,000
11/13/95 First Union Nat'l Bank 10,900,000
11/14/95 First Union Nat'l Bank 3,800,000
11/14/95 Union Bank of Switzerland 12,100,000
11/16/95 Chase Manhattan Bank 9,000,000
11/20/95 Chemical Bank New Jersey 8,900,000
11/21/95 First Union Nat'l Bank 5,700,000
11/21/95 Bank of New York 3,400,000
11/22/95 Union Bank of Switzerland 4,700,000
11/22/95 Chase Manhattan Bank 5,500,000
11/24/95 Morgan Guaranty Trust 16,400,000
11/27/95 PNC Bank 6,300,000
11/27/95 Midlantic National Bank 6,800,000
11/28/95 Chase Manhattan Bank 7,800,000
11/28/95 First Union Nat'l Bank 5,100,000
11/29/95 First Union Nat'l Bank 5,500,000
12/01/95 First Union Nat'l Bank 5,200,000
12/04/95 Bank of New York 20,300,000
12/07/95 First Union Nat'l Bank 8,200,000
12/11/95 Citibank, N.A. 4,000,000
12/12/95 First Union Nat'l Bank 1,000,000
12/15/95 Citibank, N.A. 5,400,000
12/15/95 Chase Manhattan Bank 10,200,000
12/15/95 Citibank, N.A. 5,800,000
12/18/95 First Union Nat'l Bank 5,900,000
12/18/95 Mellon Bank, N.A. 30,000,000
12/18/95 First Union Nat'l Bank 17,500,000
-22-<PAGE>
JCP&L (continued)
12/18/95 First Union Nat'l Bank $7,500,000
12/19/95 First Union Nat'l Bank 10,900,000
12/20/95 Mellon Bank, N.A. 5,400,000
12/21/95 Chase Manhattan Bank 6,200,000
12/22/95 First Union Nat'l Bank 2,300,000
01/03/96 Union Bank of Switzerland 10,000,000
01/04/96 First Union Nat'l Bank 13,100,000
01/04/96 First Union Nat'l Bank 4,000,000
01/04/96 First Union Nat'l Bank 800,000
01/04/96 National Community Bank 2,400,000
01/09/96 First Union Nat'l Bank 9,000,000
01/09/96 Chase Manhattan Bank 6,800,000
01/09/96 PNC Bank 1,200,000
Date Bank Amount
01/10/96 Canadian Imperial Bank $ 6,800,000
01/11/96 Bank of Pennsylvania 4,000,000
01/12/96 First Union Nat'l Bank 7,900,000
01/16/96 First Union Nat'l Bank 7,900,000
02/02/96 First Union Nat'l Bank 3,100,000
02/06/96 Bank of New York 13,900,000
02/07/96 Bank of New York 9,600,000
03/21/96 Chase Manhattan Bank 500,000
04/04/96 Bank of New York 25,000,000
04/05/96 Bank of New York 5,400,000
04/05/96 First Union Nat'l Bank 4,400,000
04/08/96 Union Bank of Switzerland 6,800,000
04/08/96 Bank of New York 2,200,000
04/08/96 First Union Nat'l Bank 10,100,000
04/09/96 Bank of New York 14,300,000
04/10/96 First Union Nat'l Bank 10,800,000
04/10/96 Bank of Pennsylvania 2,500,000
04/11/96 Bank of New York 9,400,000
04/12/96 Bank of New York 6,500,000
04/15/96 First Union Nat'l Bank 3,800,000
04/15/96 First Union Nat'l Bank 200,000
04/16/96 First Union Nat'l Bank 10,100,000
04/17/96 First Union Nat'l Bank 7,400,000
04/18/96 Midlantic National Bank 2,700,000
04/18/96 Bank of New York 2,300,000
04/18/96 Chase Manhattan Bank 4,000,000
04/19/96 Union Bank of Switzerland 6,800,000
04/22/96 Fuji Bank 20,000,000
04/23/96 Bank of New York 6,900,000
04/24/96 Mellon Bank, N.A. 20,000,000
04/25/96 First Union Nat'l Bank 6,600,000
04/29/96 Chase Manhattan Bank 23,000,000
05/03/96 First Union Nat'l Bank 2,700,000
05/06/96 Citibank, N.A. 15,000,000
05/07/96 Mellon Bank, N.A. 7,500,000
05/08/96 Chemical Bank New Jersey 6,900,000
-23-<PAGE>
JCP&L (continued)
05/08/96 Mellon Bank, N.A. $ 2,600,000
05/13/96 PNC Bank 15,000,000
05/13/96 PNC Bank 16,800,000
05/15/96 Midlantic National Bank 5,700,000
05/15/96 Bank of New York 8,600,000
05/16/96 Bank of New York 9,700,000
05/16/96 Citibank, N.A. 3,900,000
05/17/96 Morgan Guaranty Trust 16,500,000
05/20/96 First Union Nat'l Bank 8,100,000
05/20/96 PNC Bank 15,000,000
05/21/96 Bank of New York 19,300,000
05/22/96 Bank of New York 10,900,000
05/23/96 Citibank, N.A. 2,100,000
05/23/96 Fuji Bank 5,500,000
05/24/96 First Union Nat'l Bank 7,600,000
05/24/96 First Union Nat'l Bank 1,700,000
Date Bank Amount
05/28/96 Chase Manhattan Bank $ 8,100,000
05/30/96 Bank of New York 3,000,000
06/04/96 Mellon Bank, N.A. 8,100,000
06/06/96 First Union Nat'l Bank 8,000,000
06/07/96 Union Bank of Switzerland 3,600,000
06/07/96 PNC Bank 3,000,000
06/07/96 First Union Nat'l Bank 4,300,000
06/10/96 Mellon Bank, N.A. 1,100,000
06/11/96 Citibank, N.A. 5,700,000
06/12/96 Morgan Guaranty Trust 5,000,000
06/13/96 Citibank, N.A. 9,300,000
06/13/96 Mellon Bank, N.A. 6,300,000
06/13/96 Chase Manhattan Bank 14,100,000
06/14/96 Fuji Bank 8,300,000
06/17/96 Chase Manhattan Bank 5,300,000
06/18/96 Bank of Pennsylvania 12,000,000
06/19/96 First Union Nat'l Bank 1,500,000
06/19/96 PNC Bank 5,500,000
06/20/96 Bank of New York 1,800,000
06/25/96 Union Bank of Switzerland 5,000,000
06/25/96 Chemical Bank New Jersey 10,000,000
06/26/96 Chase Manhattan Bank 15,000,000
06/27/96 Union Bank of Switzerland 2,700,000
06/27/96 Canadian Imperial Bank 10,000,000
06/28/96 First Union Nat'l Bank 10,700,000
Met-Ed
Date Bank Amount
10/02/95 Mellon Bank, N.A. $ 1,100,000
10/04/95 Bank of New York 4,700,000
-24-<PAGE>
Met-Ed (continued)
10/05/95 First Union Nat'l Bank $ 4,300,000
10/06/95 First Union Nat'l Bank 1,500,000
10/10/95 Bank of New York 10,000,000
10/11/95 Bank of New York 4,100,000
10/12/95 First Union Nat'l Bank 300,000
10/13/95 Chase Manhattan Bank 500,000
10/16/95 First Union Nat'l Bank 100,000
10/16/95 First Union Nat'l Bank 8,800,000
10/17/95 Bank of New York 8,200,000
10/18/95 First Union Nat'l Bank 7,200,000
10/19/95 First Union Nat'l Bank 5,700,000
10/23/95 First Union Nat'l Bank 2,600,000
10/25/95 First Union Nat'l Bank 10,000,000
10/27/95 First Union Nat'l Bank 5,200,000
10/30/95 Chase Manhattan Bank 10,000,000
11/03/95 Chase Manhattan Bank 5,000,000
11/06/95 Chase Manhattan Bank 5,200,000
11/06/95 Mellon Bank, N.A. 6,800,000
11/08/95 Chase Manhattan Bank 3,000,000
Date Bank Amount
11/08/95 Morgan Guaranty Trust $ 3,000,000
11/09/95 First Union Nat'l Bank 5,200,000
11/10/95 Chase Manhattan Bank 4,300,000
11/10/95 Midlantic National Bank 10,000,000
11/13/95 First Union Nat'l Bank 9,400,000
11/14/95 First Union Nat'l Bank 1,900,000
11/14/95 Chase Manhattan Bank 1,900,000
11/15/95 First Union Nat'l Bank 900,000
11/15/95 Banca Popolare Di Milano 4,000,000
11/15/95 First Union Nat'l Bank 2,500,000
11/16/95 First Union Nat'l Bank 8,100,000
11/17/95 First Union Nat'l Bank 3,100,000
11/20/95 First Union Nat'l Bank 1,500,000
11/20/95 National Community Bank 7,000,000
11/21/95 Morgan Guaranty Trust 6,000,000
11/22/95 Union Bank of Switzerland 3,700,000
11/22/95 First Union Nat'l Bank 3,100,000
11/24/95 Midlantic National Bank 6,800,000
11/27/95 Morgan Guaranty Trust 11,400,000
11/28/95 Midlantic National Bank 3,200,000
11/28/95 First Union Nat'l Bank 3,400,000
11/28/95 First Union Nat'l Bank 600,000
11/29/95 First Union Nat'l Bank 5,500,000
12/04/95 First Union Nat'l Bank 4,700,000
12/05/95 Chase Manhattan Bank 6,300,000
12/05/95 First Union Nat'l Bank 800,000
12/06/95 Union Bank of Switzerland 5,700,000
12/08/95 First Union Nat'l Bank 5,500,000
12/11/95 Chase Manhattan Bank 7,000,000
12/13/95 First Union Nat'l Bank 4,000,000
-25-<PAGE>
Met-Ed (continued)
12/14/95 Mellon Bank, N.A. $ 1,600,000
12/15/95 National Community Bank 7,000,000
12/15/95 Citibank, N.A. 1,200,000
12/15/95 First Union Nat'l Bank 5,200,000
12/15/95 Citibank, N.A. 2,600,000
12/18/95 Chase Manhattan Bank 22,100,000
12/18/95 First Union Nat'l Bank 1,600,000
12/18/95 First Union Nat'l Bank 4,100,000
12/19/95 First Union Nat'l Bank 5,200,000
12/19/95 Chase Manhattan Bank 4,900,000
12/21/95 Chase Manhattan Bank 11,800,000
12/22/95 First Union Nat'l Bank 4,200,000
12/26/95 Chase Manhattan Bank 4,000,000
12/27/95 First Union Nat'l Bank 1,400,000
12/27/95 First Union Nat'l Bank 4,000,000
12/28/95 Union Bank of Switzerland 5,000,000
12/28/95 First Union Nat'l Bank 2,200,000
12/29/95 First Union Nat'l Bank 3,000,000
01/02/96 First Union Nat'l Bank 1,600,000
01/03/96 Union Bank of Switzerland 5,000,000
01/04/96 First Union Nat'l Bank 100,000
01/04/96 First Union Nat'l Bank 7,000,000
Date Bank Amount
01/05/96 National Community Bank $ 6,400,000
01/09/96 First Union Nat'l Bank 10,000,000
01/09/96 PNC Bank 200,000
01/10/96 Citibank, N.A. 7,700,000
01/11/96 First Union Nat'l Bank 3,600,000
01/11/96 Midlantic National Bank 2,800,000
01/12/96 Chase Manhattan Bank 4,800,000
01/16/96 First Union Nat'l Bank 4,000,000
01/17/96 Midlantic National Bank 7,200,000
01/18/96 First Union Nat'l Bank 1,500,000
01/19/96 First Union Nat'l Bank 6,000,000
01/22/96 First Union Nat'l Bank 3,700,000
01/23/96 First Union Nat'l Bank 5,300,000
01/24/96 National Community Bank 5,000,000
01/24/96 Midlantic National Bank 1,800,000
01/25/96 First Union Nat'l Bank 400,000
01/29/96 First Union Nat'l Bank 3,300,000
02/05/96 Bank of New York 9,000,000
02/06/96 Bank of New York 5,800,000
02/06/96 First Union Nat'l Bank 500,000
02/07/96 Bank of New York 2,500,000
02/08/96 First Union Nat'l Bank 400,000
02/09/96 Chemical Bank New Jersey 9,500,000
02/12/96 National Community Bank 7,000,000
02/13/96 National Community Bank 3,200,000
02/21/96 First Union Nat'l Bank 2,900,000
03/05/96 First Union Nat'l Bank 300,000
-26-<PAGE>
Met-Ed (continued)
03/18/96 Chase Manhattan Bank $10,000,000
03/19/96 Bank of New York 12,800,000
03/20/96 Bank of New York 4,000,000
03/21/96 Bank of New York 3,000,000
03/22/96 Chase Manhattan Bank 900,000
03/22/96 Canadian Imperial Bank 10,500,000
03/25/96 Bank of New York 4,000,000
03/26/96 First Union Nat'l Bank 200,000
03/27/96 Bank of New York 4,900,000
04/01/96 First Union Nat'l Bank 5,000,000
04/03/96 First Union Nat'l Bank 9,000,000
04/03/96 First Union Nat'l Bank 200,000
04/04/96 First Union Nat'l Bank 7,000,000
04/05/96 First Union Nat'l Bank 4,400,000
04/08/96 Union Bank of Switzerland 5,800,000
04/08/96 Bank of New York 2,700,000
04/09/96 First Union Nat'l Bank 4,300,000
04/09/96 Morgan Guaranty Trust 7,000,000
04/10/96 Bank of New York 8,900,000
04/11/96 First Union Nat'l Bank 6,900,000
04/12/96 Bank of New York 6,400,000
04/16/96 Bank of New York 2,800,000
04/17/96 Bank of New York 1,400,000
04/17/96 First Union Nat'l Bank 6,300,000
04/18/96 Bank of New York 6,700,000
Date Bank Amount
04/23/96 First Union Nat'l Bank $ 6,500,000
04/24/96 Bank of New York 3,000,000
04/25/96 Chemical Bank New Jersey 1,800,000
04/25/96 PNC Bank 1,400,000
04/25/96 Chase Manhattan Bank 1,000,000
04/26/96 National Community Bank 3,500,000
04/29/96 Fuji Bank 3,000,000
04/29/96 Mellon Bank, N.A. 5,000,000
04/30/96 Bank of New York 6,100,000
05/01/96 First Union Nat'l Bank 800,000
05/03/96 Fuji Bank 5,700,000
05/06/96 Chase Manhattan Bank 4,500,000
05/07/96 PNC Bank 2,300,000
05/08/96 Chase Manhattan Bank 4,000,000
05/10/96 First Union Nat'l Bank 1,500,000
05/13/96 Chase Manhattan Bank 2,800,000
05/13/96 First Union Nat'l Bank 5,800,000
05/13/96 First Union Nat'l Bank 1,500,000
05/13/96 Mellon Bank, N.A. 2,800,000
05/14/96 Fuji Bank 10,800,000
05/15/96 Bank of New York 7,800,000
05/16/96 First Union Nat'l Bank 6,400,000
05/17/96 Fuji Bank 4,700,000
05/20/96 Bank of New York 1,600,000
-27-<PAGE>
Met-Ed (continued)
05/30/96 Bank of New York $ 7,700,000
05/31/96 Bank of New York 7,200,000
06/05/96 Bank of New York 11,800,000
06/12/96 Mellon Bank, N.A. 7,500,000
06/13/96 Mellon Bank, N.A. 8,500,000
06/13/96 Mellon Bank, N.A. 2,900,000
06/14/96 Fuji Bank 9,800,000
06/19/96 Chase Manhattan Bank 2,400,000
06/20/96 First Union Nat'l Bank 1,500,000
06/24/96 Bank of New York 11,300,000
06/25/96 First Union Nat'l Bank 6,700,000
06/26/96 Citibank, N.A. 10,300,000
06/26/96 Chemical Bank New Jersey 2,700,000
06/28/96 Chase Manhattan Bank 3,600,000
Penelec
Date Bank Amount
10/02/95 Mellon Bank, N.A. $ 2,100,000
10/03/95 Morgan Guaranty Trust 13,300,000
10/03/95 First Union Nat'l Bank 2,600,000
10/04/95 First Union Nat'l Bank 4,700,000
10/05/95 Chase Manhattan Bank 16,300,000
10/06/95 Bank of New York 15,100,000
10/06/95 Midlantic National Bank 3,200,000
10/10/95 Citibank, N.A. 13,100,000
Date Bank Amount
10/11/95 Morgan Guaranty Trust $11,900,000
10/12/95 Chase Manhattan Bank 6,900,000
10/13/95 Bank of New York 3,900,000
10/13/95 Chase Manhattan Bank 4,500,000
10/13/95 First Union Nat'l Bank 200,000
10/13/95 Chase Manhattan Bank 20,000,000
10/27/95 First Union Nat'l Bank 300,000
10/30/95 First Union Nat'l Bank 900,000
11/02/95 First Union Nat'l Bank 5,000,000
11/02/95 Mellon Bank, N.A. 2,800,000
11/03/95 First Union Nat'l Bank 5,200,000
11/03/95 First Union Nat'l Bank 1,400,000
11/06/95 First Union Nat'l Bank 9,900,000
11/07/95 Bank of New York 8,900,000
11/08/95 First Union Nat'l Bank 4,500,000
11/08/95 Chase Manhattan Bank 1,000,000
11/09/95 Bank of New York 2,200,000
11/13/95 First Union Nat'l Bank 8,900,000
11/14/95 Banca Popolare Di Milano 8,000,000
11/15/95 First Union Nat'l Bank 7,300,000
-28-<PAGE>
Penelec (continued)
11/16/95 Chase Manhattan Bank $ 7,400,000
11/17/95 First Union Nat'l Bank 4,800,000
11/20/95 Banca Popolare Di Milano 9,000,000
11/21/95 First Union Nat'l Bank 800,000
11/21/95 Midlantic National Bank 10,000,000
11/22/95 Midlantic National Bank 6,800,000
11/24/95 Bank of New York 8,500,000
11/27/95 PNC Bank 7,100,000
11/28/95 First Union Nat'l Bank 5,200,000
12/04/95 First Union Nat'l Bank 2,600,000
12/04/95 Midlantic National Bank 6,200,000
12/05/95 National Community Bank 7,000,000
12/06/95 Merchants Nat'l Bank 600,000
12/06/95 First Union Nat'l Bank 5,200,000
12/07/95 Citibank, N.A. 7,700,000
12/11/95 Citibank, N.A. 3,500,000
12/12/95 First Union Nat'l Bank 400,000
12/12/95 Chase Manhattan Bank 13,000,000
12/13/95 Morgan Guaranty Trust 5,600,000
12/14/95 Chase Manhattan Bank 7,300,000
12/18/95 National Community Bank 7,000,000
12/18/95 First Union Nat'l Bank 5,400,000
12/18/95 PNC Bank 7,200,000
12/19/95 Bank of New York 7,300,000
12/20/95 Mellon Bank, N.A. 2,400,000
12/21/95 Chase Manhattan Bank 2,200,000
12/21/95 First Union Nat'l Bank 5,300,000
12/22/95 First Union Nat'l Bank 7,900,000
12/26/95 Bank of New York 8,000,000
12/27/95 Midlantic National Bank 5,800,000
12/27/95 First Union Nat'l Bank 2,000,000
12/28/95 First Union Nat'l Bank 4,300,000
Date Bank Amount
01/03/96 Midlantic National Bank $ 4,700,000
01/03/96 First Union Nat'l Bank 3,500,000
01/05/96 Midlantic National Bank 4,200,000
01/09/96 First Union Nat'l Bank 3,800,000
01/09/96 Midlantic National Bank 2,700,000
01/09/96 PNC Bank 400,000
01/09/96 Chase Manhattan Bank 8,000,000
01/09/96 Midlantic National Bank 3,000,000
01/10/96 First Union Nat'l Bank 4,400,000
01/10/96 First Union Nat'l Bank 10,000,000
01/11/96 First Union Nat'l Bank 2,100,000
01/11/96 National Community Bank 7,000,000
01/11/96 First Union Nat'l Bank 5,000,000
01/12/96 First Union Nat'l Bank 1,200,000
01/12/96 National Community Bank 7,000,000
01/12/96 Midlantic National Bank 2,800,000
01/16/96 First Union Nat'l Bank 6,600,000
-29-<PAGE>
Penelec (continued)
01/17/96 Morgan Guaranty Trust $ 8,300,000
01/18/96 First Union Nat'l Bank 7,000,000
01/19/96 First Union Nat'l Bank 700,000
01/19/96 Midlantic National Bank 3,200,000
01/19/96 Midlantic National Bank 2,200,000
01/22/96 Midlantic National Bank 4,600,000
01/23/96 Chemical Bank New Jersey 3,900,000
01/23/96 Midlantic National Bank 3,200,000
01/24/96 Midlantic National Bank 2,400,000
01/25/96 First Union Nat'l Bank 200,000
01/26/96 First Union Nat'l Bank 1,300,000
01/29/96 First Union Nat'l Bank 6,400,000
01/30/96 National Community Bank 3,300,000
02/02/96 First Union Nat'l Bank 7,000,000
02/02/96 First Union Nat'l Bank 3,600,000
02/02/96 First Union Nat'l Bank 2,000,000
02/05/96 Bank of New York 3,000,000
02/06/96 Bank of New York 2,400,000
02/06/96 Chemical Bank New Jersey 10,000,000
02/07/96 Bank of New York 6,200,000
02/08/96 First Union Nat'l Bank 1,100,000
02/08/96 National Community Bank 7,000,000
02/09/96 Citibank, N.A. 8,100,000
02/09/96 National Community Bank 6,800,000
02/12/96 First Union Nat'l Bank 12,700,000
02/13/96 First Union Nat'l Bank 3,000,000
02/13/96 Chemical Bank New Jersey 8,000,000
02/14/96 National Community Bank 6,700,000
02/15/96 National Community Bank 5,500,000
02/16/96 National Community Bank 4,300,000
03/05/96 First Union Nat'l Bank 8,000,000
03/07/96 First Union Nat'l Bank 8,000,000
03/08/96 Chase Manhattan Bank 5,900,000
03/11/96 First Union Nat'l Bank 3,700,000
03/12/96 First Union Nat'l Bank 5,900,000
Date Bank Amount
03/13/96 First Union Nat'l Bank $ 7,000,000
03/18/96 Chase Manhattan Bank 3,900,000
03/19/96 Bank of New York 4,700,000
03/20/96 Bank of New York 800,000
03/20/96 Chase Manhattan Bank 5,500,000
03/21/96 Bank of New York 7,000,000
03/22/96 Citibank, N.A. 14,800,000
03/25/96 First Union Nat'l Bank 12,100,000
03/25/96 First Union Nat'l Bank 900,000
03/26/96 First Union Nat'l Bank 9,000,000
03/26/96 Mellon Bank, N.A. 7,400,000
03/27/96 Bank of New York 12,700,000
04/02/96 Bank of New York 1,300,000
04/02/96 First Union Nat'l Bank 8,100,000
-30-<PAGE>
Penelec (continued)
04/03/96 First Union Nat'l Bank $ 3,600,000
04/04/96 Bank of Pennsylvania 11,100,000
04/05/96 Chase Manhattan Bank 5,600,000
04/05/96 United Jersey Bank, N.A. 15,000,000
04/08/96 First Union Nat'l Bank 12,900,000
04/09/96 First Union Nat'l Bank 8,400,000
04/09/96 Chemical Bank New Jersey 3,400,000
04/10/96 Bank of New York 9,000,000
04/10/96 Midlantic National Bank 1,900,000
04/12/96 Canadian Imperial Bank 7,100,000
04/16/96 Morgan Guaranty Trust 12,500,000
04/17/96 First Union Nat'l Bank 5,700,000
04/18/96 Bank of New York 4,800,000
04/18/96 Chemical Bank New Jersey 2,500,000
04/22/96 Morgan Guaranty Trust 5,000,000
04/22/96 First Union Nat'l Bank 6,400,000
04/23/96 Bank of New York 5,700,000
04/25/96 Bank of Pennsylvania 9,500,000
04/26/96 Morgan Guaranty Trust 5,900,000
05/02/96 First Union Nat'l Bank 300,000
05/02/96 First Union Nat'l Bank 1,500,000
05/03/96 First Union Nat'l Bank 8,800,000
05/07/96 Fuji Bank 7,000,000
05/08/96 First Union Nat'l Bank 4,000,000
05/09/96 Chemical Bank New Jersey 1,300,000
05/09/96 Midlantic National Bank 3,700,000
05/10/96 Chase Manhattan Bank 22,400,000
05/13/96 Mellon Bank, N.A. 11,400,000
05/14/96 First Union Nat'l Bank 7,600,000
05/15/96 First Union Nat'l Bank 1,700,000
05/15/96 Chase Manhattan Bank 2,000,000
05/16/96 Citibank, N.A. 1,800,000
05/17/96 Chase Manhattan Bank 3,200,000
05/22/96 Union Bank of Switzerland 6,800,000
05/28/96 First Union Nat'l Bank 8,600,000
05/28/96 First Union Nat'l Bank 5,600,000
06/04/96 Chase Manhattan Bank 9,100,000
06/05/96 Mellon Bank, N.A. 7,200,000
Date Bank Amount
06/06/96 First Union Nat'l Bank $ 5,800,000
06/10/96 Chemical Bank New Jersey 10,000,000
06/10/96 Morgan Guaranty Trust 5,000,000
06/11/96 Mellon Bank, N.A. 400,000
06/11/96 Midlantic National Bank 1,500,000
06/11/96 Mellon Bank, N.A. 4,400,000
06/12/96 Bank of New York 4,900,000
06/12/96 Midlantic National Bank 4,200,000
06/13/96 Mellon Bank, N.A. 1,500,000
06/13/96 First Union Nat'l Bank 1,500,000
06/18/96 First Union Nat'l Bank 5,800,000
-31-<PAGE>
Penelec (continued)
06/19/96 Morgan Guaranty Trust $10,000,000
06/20/96 First Union Nat'l Bank 7,900,000
06/25/96 Midlantic National Bank 4,300,000
06/25/96 Bank of New York 5,000,000
06/27/96 Chemical Bank New Jersey 2,400,000
06/27/96 Morgan Guaranty Trust 9,300,000
06/28/96 Mellon Bank, N.A. 5,200,000
To summarize the above transactions, at June 30, 1996 the
GPU Companies had outstanding unsecured promissory notes pursuant
to informal bank lines of credit as follows:
GPU $ 85,500,000
JCP&L 121,000,000
Met-Ed 26,490,000
Penelec 57,900,000
-32-<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 5,1996<PAGE>
