SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of
earliest event reported): August 1, 1996
GPU, Inc.
(Exact name of registrant as specified in charter)
Pennsylvania 1-6047 13-5516589
(State or other (Commission (IRS employer
jurisdiction of file number) identification no.)
incorporation)
100 Interpace Parkway, Parsippany, New Jersey 07054
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (201) 263-6500
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ITEM 5. OTHER EVENTS
On August 1, 1996, the name of the Corporation was
changed to GPU, Inc., pursuant to an amendment to its Articles of
Incorporation filed with the Department of State of the
Commonwealth of Pennsylvania. In addition, the Corporation's
electric utility subsidiaries (Jersey Central Power & Light
Company, Metropolitan Edison Company and Pennsylvania Electric
Company) have commenced doing business under the fictitious name
GPU Energy. The legal names of the subsidiaries have not been
changed.
The names of Energy Initiatives, Inc., EI Power, Inc. and EI
Energy, Inc., are being changed to GPU International, Inc., GPU
Power, Inc. and GPU Electric, Inc., respectively. In addition,
the following names are also being changed: GPU Service
Corporation to GPU Service, Inc., GPU Nuclear Corporation to GPU
Nuclear, Inc. and GPU Generation Corporation to GPU Generation, Inc.
A copy of GPU's related news release is annexed as an exhibit.
ITEM 6. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(c) Exhibits
1. GPU News Release, dated July 30, 1996.
2. Articles of Amendment to the Corporation's
Articles of Incorporation.
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE
ACT OF 1934, THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE
SIGNED ON ITS BEHALF BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED.
GENERAL PUBLIC UTILITIES CORPORATION
By: /s/ T. G. Howson
T. G. Howson, Vice President
and Treasurer
Date: August 2, 1996<PAGE>
EXHIBITS TO BE FILED BY EDGAR
Exhibits
1. GPU News Release, dated July 30, 1996.
2. Articles of Amendment to the Corporation's
Articles of Incorporation.<PAGE>
(GPU NEWS RELEASE LETTERHEAD)
Date: July 30, 1996
Further Information: George R. Koodray (201) 263-6747
For Release: Immediately
Release Number: 96-020
GPU LAUNCHES NEW IDENTITY
Parsippany, N.J., July 30, 1996 - Today marks the birth of a
new identity for the company known for the past 50 years as
General Public Utilities Corporation.
It will now be GPU, Inc., but known as GPU.
The new identity for GPU was launched this morning by James
R. Leva, GPU chairman and chief executive officer, at ceremonies
at the company's corporate headquarters here.
"The electric utility indistry continues to change
dramatically. So has GPU," Leva said. "To reflect the many
changes we have made as we become more competitive, we have
changed the way we will look to our customers, shareholders,
employees, and the public at large.
"We want our new look to tell the world that we are
different, that we are emerging as a leader in the global energy
marketplace," Leva added.
Fred D. Hafer, GPU president and chief operating officer,
stated that the new identity will reflect GPU's five key
strategies as the company enters its second half-century of
operation.
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"These strategies will provide a sense of focus for us in
the near term, and will serve as a springboard for our plans and
programs on many fronts," Hafer said.
The GPU strategies are to:
- Strengthen and expand its distribution business.
- Maximize existing generation asset values.
- Position itself for industry deregulation and
restructuring.
- Seek earnings growth from new core-related business
initiatives.
- Nurture the cultures of both GPU and its individual
business units.
"These strategies will drive our business for the
foreseeable future for the benefit of our customers, shareholders
and employees," added Hafer.
One of the company's key constituencies, its customers, will
immediately notice a new identity for the company that serves
their energy needs.
GPU Energy will be the name of GPU's recently consolidated
energy services and delivery business. GPU Energy consists of
the companies previously known as Jersey Central Power & Light,
Metropolitan Edison and Pennsylvania Electric. As previously
announced, Dennis Baldassari will lead GPU Energy, which will be
headquartered in Reading, Pa. For financing purposes, those
names will continue to be used because the ownership of company
assets will not change.
Baldassari explained, "As we evolve to a more competitive
energy industry environment, we must provide our customers with
choices of products and services. We owe our customers an orderly
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and expeditious transition between the current regulated
environment and one that we believe will be very competitive.
"I want to assure our 2 million customers in Pennsylvania
and New Jersey that GPU Energy will continue to bring them the
high levels of reliable service they have come to expect from
JCP&L, Met-Ed and Penelec, coupled with a greater selection of
products and services," Baldassari said.
The new identity will also be used by another GPU
subsidiary, GPU International, formerly known as Energy
Initiatives, Inc. GPU International will continue to develop,
own and operate generation, transmission and distribution
facilities domestically and abroad. Currently, GPU International
has holdings in Australia, Colombia, Bolivia, Canada and the
United Kingdom as well as six states in the U.S.
GPU Genco, the company's fossil and hydroelectric generating
unit, will retain its name, as will GPU Nuclear, operator of
GPU's nuclear generating stations, and GPU Service, a corporate
service unit.
Across GPU's two-state region, new signs were unveiled today
as each headquarters location conducted ceremonies for employees.
The process of selecting a new identity for GPU began last fall.
Focus groups with company employees identified GPU's strengths
and how best to portray them in a new logo.
The logo that was selected, a bold new typeface with a
corona around the "G," reflects the sweeping changes occurring at
GPU, as well as the company's global outlook in a changing energy
marketplace.
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Filed with the Department
Microfilm Number ____________________ of State on July 30, 1996
Entity Number________________________
Secretary of the Commonwealth
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF STATE
CORPORATION BUREAU
ARTICLES OF AMENDMENT
DOMESTIC BUSINESS CORPORATION
In compliance with the requirements of 15 Pa.C.S. section
1915 (relating to articles of amendment) the undersigned business
corporation, desiring to amend its Articles, hereby states that:
1. The name of the corporation is:
GENERAL PUBLIC UTILITIES CORPORATION
2. The address of its current registered office in this
Commonwealth is:
2800 Pottsville Pike
Muhlenberg Township
Berks County, Pennsylvania 19605
3. The statute by or under which it was incorporated is:
Business Corporation Law, act of May 5, 1933
P.L. 364, as amended
4. The date of its incorporation is: April 2, 1969
5. The amendment shall be effective as of August 1, 1996, at
5:00 p.m.
6. The amendment was adopted by the board of directors pursuant
to 15 Pa.C.S. Section 1914(c).
7. The amendment, adopted by the corporation, set forth in
full, is as follows:
"1. The name of the Corporation is GPU, INC."
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IN TESTIMONY WHEREOF, the undersigned corporation has caused
these Articles of Amendment to be signed by a duly authorized
officer thereof this 29th day of July, 1996.
GENERAL PUBLIC UTILITIES
CORPORATION
By: /s/ James R. Leva
Name: James R. Leva, Chairman
Title:_________________________
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