SEC FILE NO. 70-7926
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CERTIFICATE PURSUANT TO
RULE 24
OF PARTIAL COMPLETION OF
TRANSACTIONS
GPU, INC.
JERSEY CENTRAL POWER & LIGHT COMPANY
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
In the Matter of :
:
GPU, Inc. :
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, GPU, Inc. (formerly known as 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 Orders, dated October 26, 1994,
and July 17, 1996, with respect to said Declaration, as follows:
1. During the period October 1, 1996 through December
31, 1996, the GPU Companies issued no promissory notes
representing borrowings under the Amended and Restated Credit
-1-<PAGE>
Agreement, dated as of July 3, 1996, among the GPU Companies; the
banks named therein, and The Chase Manhattan Bank, N.A., as
Administrative Agent, Citibank Securities, Inc., as Syndication
Agent, and Citicorp Securities, Inc. and Chase Securities, Inc.,
as Arrangers, and no such borrowings were outstanding thereunder
at such date.
2. At the close of business on September 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 $70,300,000
Met-Ed 22,200,000
Penelec 40,300,000
3. During the period October 1, 1996 through December
31, 1996, JCP&L, Met-Ed, and Penelec issued and sold (and paid at
maturity where such commercial paper matured on or before
December 31, 1996) unsecured short-term promissory notes as
commercial paper as follows:
JCP&L
Date of Issuance Maturity Date Amount
10/02/96 10/25/96 $ 6,000,000
10/03/96 10/07/96 5,900,000
10/04/96 10/10/96 12,700,000
10/08/96 10/16/96 16,600,000
10/16/96 10/22/96 15,000,000
10/21/96 10/22/96 13,000,000
10/22/96 10/29/96 25,000,000
10/23/96 10/28/96 8,000,000
10/24/96 11/07/96 18,000,000
10/28/96 11/18/96 3,000,000
10/29/96 11/19/96 10,000,000
10/29/96 11/12/96 10,900,000
10/30/96 11/15/96 12,500,000
10/31/96 11/21/96 12,200,000
11/01/96 11/25/96 11,700,000
11/01/96 11/20/96 12,000,000
11/01/96 11/14/96 12,000,000
11/04/96 11/05/96 4,000,000
-2-
<PAGE>
JCP&L continued-
Date of Issuance Maturity Date Amount
11/05/96 11/06/96 $ 6,100,000
11/06/96 11/13/96 3,300,000
11/07/96 11/08/96 15,400,000
11/08/96 11/22/96 12,100,000
11/19/96 11/20/96 4,500,000
11/22/96 11/25/96 23,000,000
11/25/96 11/26/96 18,300,000
12/05/96 12/10/96 5,300,000
Met-Ed
Date of Issuance Maturity Date Amount
10/02/96 10/08/96 $ 7,600,000
10/08/96 10/18/96 13,500,000
10/09/96 10/10/96 12,100,000
10/16/96 10/17/96 8,200,000
10/17/96 10/25/96 7,400,000
10/21/96 10/22/96 9,800,000
10/23/96 10/28/96 7,900,000
10/24/96 10/30/96 4,300,000
10/25/96 10/28/96 8,000,000
10/28/96 10/29/96 17,100,000
10/29/96 11/04/96 15,600,000
10/30/96 10/31/96 4,000,000
11/01/96 11/08/96 14,900,000
11/04/96 11/05/96 10,900,000
11/07/96 11/13/96 17,200,000
11/08/96 11/12/96 13,400,000
11/12/96 11/18/96 7,000,000
11/13/96 11/14/96 16,900,000
11/14/96 11/15/96 15,300,000
11/18/96 11/19/96 2,000,000
11/19/96 11/20/96 8,900,000
11/20/96 11/21/96 11,600,000
11/21/96 11/22/96 8,500,000
11/25/96 11/26/96 12,900,000
11/26/96 12/04/96 11,000,000
11/27/96 12/11/96 10,700,000
11/27/96 12/09/96 10,000,000
12/05/96 12/06/96 6,300,000
12/06/96 12/09/96 9,300,000
12/10/96 12/23/96 6,000,000
12/10/96 12/17/96 6,900,000
12/11/96 12/18/96 8,600,000
12/20/96 12/27/96 7,100,000
-3-<PAGE>
Penelec
Date of Issuance Maturity Date Amount
10/02/96 10/21/96 $11,900,000
10/04/96 10/10/96 16,700,000
10/08/96 10/22/96 11,200,000
10/09/96 10/10/96 2,200,000
10/10/96 10/24/96 6,600,000
10/16/96 10/17/96 1,100,000
10/18/96 10/25/96 8,300,000
10/21/96 10/22/96 2,700,000
10/23/96 10/29/96 11,500,000
10/24/96 10/28/96 5,200,000
10/25/96 10/28/96 7,500,000
10/28/96 11/04/96 14,400,000
10/29/96 11/06/96 11,000,000
10/30/96 11/05/96 7,400,000
11/01/96 11/14/96 10,900,000
11/04/96 11/25/96 11,300,000
11/06/96 11/20/96 13,400,000
11/07/96 11/08/96 1,200,000
11/07/96 11/08/96 13,900,000
11/08/96 11/12/96 13,600,000
11/12/96 11/18/96 8,500,000
11/14/96 11/15/96 4,300,000
11/18/96 11/19/96 5,200,000
11/19/96 11/26/96 3,700,000
11/20/96 11/21/96 12,600,000
11/21/96 11/22/96 13,800,000
11/25/96 11/26/96 11,300,000
11/26/96 12/09/96 13,400,000
11/27/96 12/11/96 14,700,000
12/05/96 12/06/96 6,300,000
12/06/96 12/09/96 5,700,000
12/10/96 12/23/96 6,500,000
12/10/96 12/18/96 7,000,000
12/11/96 01/15/97 9,000,000
To summarize the above transactions, at December 31, 1996,
JCP&L, Met-Ed and Penelec had outstanding unsecured short-term
promissory notes issued as commercial paper as follows:
Company Amount
JCP&L $ 0
Met-Ed 0
Penelec 9,000,000
-4-<PAGE>
4. At the close of business on September 30, 1996, the GPU
Companies had outstanding unsecured short-term promissory notes
representing bank borrowings under informal bank lines, as
follows:
Company Amount
GPU $76,600,000
JCP&L 32,000,000
Met-Ed 29,885,000
Penelec 30,400,000
During the period October 1, 1996 through December 31, 1996,
the GPU Companies issued unsecured promissory notes representing
bank borrowings under informal bank lines of credit as follows:
GPU
Issue
Date Bank Amount Maturity
10/04/96 Banco Popolare Di Milano $ 4,600,000 01/03/97
10/11/96 Merchants National Bank 400,000 10/31/96
10/15/96 Merchants National Bank 200,000 10/23/96
10/16/96 Bank of Pennsylvania 14,600,000 11/15/96
10/17/96 Banco Popolare Di Milano 7,800,000 11/18/96
10/21/96 PNC Bank 11,900,000 12/23/96
10/22/96 United Jersey Bank, N.A. 10,900,000 01/22/97
10/23/96 United Jersey Bank, N.A. 3,500,000 01/23/97
10/23/96 Banco Popolare Di Milano 4,500,000 01/23/97
10/31/96 Banco Popolare Di Milano 700,000 11/05/96
11/01/96 First Union National Bank 200,000 11/05/96
11/05/96 Union Bank of Switzerland 8,600,000 11/27/96
11/07/96 Chemical Bank New Jersey 100,000 11/15/96
11/13/96 Chemical Bank New Jersey 6,900,000 01/17/97
11/15/96 Chemical Bank New Jersey 10,000,000 01/14/97
11/15/96 Canadian Imperial Bank 4,800,000 11/27/96
11/18/96 Chemical Bank New Jersey 3,100,000 04/01/97
11/18/96 Banco Popolare Di Milano 4,800,000 12/19/96
11/20/96 First Union National Bank 100,000 11/27/96
11/22/96 Merchants National Bank 100,000 12/13/96
11/27/96 United Jersey Bank, N.A. 5,600,000 01/27/97
11/27/96 Union Bank of Switzerland 6,500,000 01/29/97
12/13/96 Canadian Imperial Bank 2,900,000 02/03/97
12/19/96 Union Bank of Switzerland 4,800,000 02/18/97
12/23/96 Union Bank of Switzerland 3,700,000 02/21/97
12/23/96 Union Bank of Switzerland 8,300,000 02/21/97
12/27/96 Merchants National Bank 100,000 01/17/97
-5-<PAGE>
JCP&L
Issue
Date Bank Amount Maturity
10/01/96 Chase Manhattan Bank $ 8,400,000 10/15/96
10/07/96 Bank of New York 2,700,000 10/08/96
10/10/96 Chemical Bank New Jersey 10,600,000 10/30/96
10/11/96 Citibank, N.A. 4,300,000 11/05/96
10/15/96 Chase Manhattan Bank 1,000,000 10/25/96
10/17/96 Union Bank of Switzerland 2,900,000 10/18/96
10/18/96 Bank of New York 6,200,000 10/21/96
11/14/96 Chemical Bank New Jersey 3,100,000 11/18/96
11/15/96 First Union National Bank 14,900,000 11/22/96
11/20/96 Chase Manhattan Bank 24,000,000 11/26/96
11/21/96 Fuji Bank 6,600,000 11/26/96
11/27/96 Chase Manhattan Bank 4,500,000 12/04/96
11/29/96 First Union National Bank 11,400,000 12/02/96
11/29/96 Bank of Pennsylvania 600,000 12/02/96
12/02/96 Swiss Bank Corp. 6,500,000 12/06/96
12/02/96 Citibank, N.A. 7,000,000 12/09/96
12/02/96 Banco Popolare Di Milano 6,100,000 12/06/96
12/06/96 Bank of New York 8,400,000 12/09/96
12/09/96 Bank of New York 12,100,000 12/10/96
12/10/96 First Union National Bank 8,300,000 12/11/96
12/11/96 Bank of New York 6,300,000 12/12/96
12/12/96 Banco Popolare Di Milano 3,800,000 12/13/96
12/13/96 Banco Popolare Di Milano 1,200,000 12/16/96
12/16/96 Banco Popolare Di Milano 6,100,000 12/18/96
12/16/96 PNC Bank 7,300,000 12/17/96
12/17/96 Fuji Bank 4,200,000 12/18/96
12/18/96 First Union National Bank 6,300,000 12/19/96
12/19/96 Bank of New York 2,300,000 12/20/96
12/20/96 Bank of New York 7,000,000 12/23/96
12/30/96 PNC Bank 14,400,000 01/06/97
12/31/96 Bank of New York 17,400,000 01/07/97
Met-Ed
Issue
Date Bank Amount Maturity
10/03/96 Bank of New York $11,000,000 10/04/96
10/04/96 Bank of New York 9,300,000 10/07/96
10/07/96 Bank of New York 8,600,000 10/08/96
10/10/96 Bank of New York 9,400,000 10/11/96
10/11/96 Citibank, N.A. 5,000,000 10/24/96
10/15/96 Chase Manhattan Bank 7,400,000 10/22/96
10/18/96 Bank of New York 9,800,000 10/21/96
10/22/96 Bank of New York 9,800,000 10/23/96
10/31/96 Chase Manhattan Bank 8,200,000 11/06/96
11/05/96 Bank of New York 9,000,000 11/06/96
11/06/96 First Union National Bank 16,100,000 11/07/96
11/15/96 First Union National Bank 14,500,000 11/19/96
-6-
<PAGE>
Met-Ed continued-
Issue
Date Bank Amount Maturity
11/19/96 First National Bank $ 7,205,000 06/10/97
11/21/96 Merchants National Bank 300,000 12/05/96
11/22/96 Bank of New York 8,500,000 11/25/96
11/25/96 Citibank, N.A. 7,000,000 12/02/96
12/02/96 First Union National Bank 6,900,000 12/03/96
12/03/96 Chase Manhattan Bank 10,000,000 01/14/97
12/03/96 First Union National Bank 4,400,000 12/06/96
12/04/96 Bank of New York 8,700,000 12/05/96
12/09/96 Bank of New York 18,400,000 12/10/96
12/17/96 First Union National Bank 5,000,000 12/20/96
12/18/96 First Union National Bank 7,700,000 12/24/96
12/19/96 Banco Popolare Di Milano 5,700,000 12/26/96
12/20/96 Chase Manhattan Bank 7,000,000 12/31/96
12/26/96 Chase Manhattan Bank 2,700,000 12/30/96
12/27/96 Bank of New York 7,800,000 12/31/96
12/30/96 PNC Bank 9,800,000 01/06/97
12/31/96 Bank of New York 14,600,000 01/07/97
12/31/96 First Union National Bank 2,600,000 01/03/97
Penelec
Issue
Date Bank Amount Maturity
10/01/96 Chase Manhattan Bank $ 2,300,000 10/15/96
10/03/96 Bank of New York 7,100,000 10/04/96
10/07/96 Bank of New York 13,400,000 10/08/96
10/10/96 Chemical Bank New Jersey 9,400,000 10/28/96
10/11/96 Citibank, N.A. 5,100,000 10/30/96
10/17/96 Bank of New York 1,800,000 10/18/96
10/17/96 Union Bank of Switzerland 1,600,000 10/18/96
10/17/96 Banco Popolare Di Milano 5,800,000 10/18/96
10/22/96 Bank of New York 12,500,000 10/23/96
10/31/96 Chase Manhattan Bank 13,400,000 11/07/96
11/05/96 Bank of New York 4,600,000 11/06/96
11/15/96 Canadian Imperial Bank 2,900,000 11/21/96
11/22/96 Bank of New York 17,600,000 11/25/96
11/25/96 Banco Popolare Di Milano 6,100,000 12/02/96
11/25/96 Citibank, N.A. 8,000,000 12/05/96
11/29/96 First Union National Bank 5,500,000 12/04/96
12/02/96 Hamilton Bank 10,000,000 12/16/96
12/02/96 First Union National Bank 10,000,000 12/16/96
12/02/96 First Union National Bank 5,100,000 12/03/96
12/03/96 First Union National Bank 2,200,000 12/06/96
12/04/96 Johnstown Bank & Trust 8,000,000 01/03/97
12/04/96 First Union National Bank 7,400,000 12/13/96
12/09/96 Fuji Bank 18,800,000 12/10/96
12/11/96 Bank of New York 4,900,000 12/12/96
12/12/96 Fuji Bank 2,600,000 12/13/96
-7-
<PAGE>
Penelec continued-
Issue
Date Bank Amount Maturity
12/13/96 Citibank, N.A. $ 8,600,000 12/19/96
12/16/96 PNC Bank 3,100,000 12/17/96
12/16/96 Bank of Pennsylvania 14,000,000 01/21/97
12/17/96 First Union National Bank 700,000 12/20/96
12/18/96 First Union National Bank 7,000,000 12/24/96
12/19/96 Hamilton Bank 10,000,000 01/22/97
12/19/96 Bank of New York 5,000,000 12/20/96
12/19/96 Chase Manhattan Bank 6,000,000 12/27/96
12/20/96 Chase Manhattan Bank 13,900,000 12/30/96
12/20/96 First Union National Bank 10,000,000 01/07/97
12/23/96 Chase Manhattan Bank 5,800,000 12/24/96
12/24/96 Bank of New York 9,900,000 12/26/96
12/26/96 First Union National Bank 15,200,000 01/09/97
12/27/96 Bank of New York 9,400,000 12/31/96
12/30/96 Canadian Imperial Bank 13,200,000 01/06/97
12/30/96 First Union National Bank 10,000,000 01/13/97
12/31/96 Fuji Bank 18,300,000 01/08/97
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, 1996 through December 31,
1996, the Companies repaid unsecured promissory notes issued to
banks, as follows:
GPU
Date Bank Amount
10/04/96 Banco Popolare Di Milano $ 5,100,000
10/16/96 Bank of Pennsylvania 14,600,000
10/17/96 United Jersey Bank, N.A. 7,700,000
10/21/96 Johnstown Bank & Trust 8,000,000
10/21/96 PNC Bank 3,800,000
10/22/96 Chase Manhattan Bank 10,000,000
10/23/96 Merchants National Bank 200,000
10/23/96 First Union National Bank 7,600,000
10/23/96 Merchants National Bank 200,000
-8-
<PAGE>
GPU continued-
Date Bank Amount
10/31/96 Merchants National Bank 400,000
10/31/96 Banco Popolare Di Milano $ 1,800,000
10/31/96 Union Bank of Switzerland 5,500,000
11/05/96 Canadian Imperial Bank 7,600,000
11/05/96 Banco Popolare Di Milano 700,000
11/05/96 First Union National Bank 200,000
11/15/96 Chemical Bank New Jersey 100,000
11/15/96 Bank of Pennsylvania 14,600,000
11/18/96 Banco Popolare Di Milano 7,800,000
11/27/96 Canadian Imperial Bank 4,800,000
11/27/96 First Union National Bank 100,000
11/27/96 Union Bank of Switzerland 8,600,000
12/13/96 Union Bank of Switzerland 4,700,000
12/13/96 Merchants National Bank 100,000
12/19/96 Banco Popolare Di Milano 4,800,000
12/23/96 PNC Bank 11,900,000
JCP&L
Date Bank Amount
10/04/96 United Jersey Bank, N.A. $ 6,700,000
10/08/96 Chemical Bank New Jersey 15,000,000
10/08/96 Bank of New York 2,700,000
10/10/96 Banco Popolare Di Milano 4,700,000
10/15/96 Chase Manhattan Bank 8,400,000
10/18/96 Union Bank of Switzerland 2,900,000
10/21/96 Bank of New York 6,200,000
10/24/96 United Jersey Bank, N.A. 5,600,000
10/25/96 Chase Manhattan Bank 1,000,000
10/30/96 Chemical Bank New Jersey 10,600,000
11/05/96 Citibank, N.A. 4,300,000
11/18/96 Chemical Bank New Jersey 3,100,000
11/22/96 First Union National Bank 14,900,000
11/26/96 Fuji Bank 6,600,000
11/26/96 Chase Manhattan Bank 24,000,000
12/02/96 Bank of Pennsylvania 600,000
12/02/96 First Union National Bank 11,400,000
12/04/96 Chase Manhattan Bank 4,500,000
12/06/96 Swiss Bank Corp. 6,500,000
12/06/96 Banco Popolare Di Milano 6,100,000
12/09/96 Citibank, N.A. 7,000,000
12/09/96 Bank of New York 8,400,000
12/10/96 Bank of New York 12,100,000
12/11/96 First Union National Bank 8,300,000
12/12/96 Bank of New York 6,300,000
12/13/96 Banco Popolare Di Milano 3,800,000
12/16/96 Banco Popolare Di Milano 1,200,000
12/17/96 PNC Bank 7,300,000
-9-
<PAGE>
JCP&L continued-
Date Bank Amount
12/18/96 Fuji Bank $4,200,000
12/18/96 Banco Popolare Di Milano 6,100,000
12/19/96 First Union National Bank 6,300,000
12/20/96 Bank of New York 2,300,000
12/23/96 Bank of New York 7,000,000
Met-Ed
Date Bank Amount
10/04/96 Bank of New York $11,000,000
10/07/96 Union Bank of Switzerland 4,800,000
10/07/96 Bank of New York 9,300,000
10/07/96 First Union National Bank 200,000
10/08/96 Bank of New York 8,600,000
10/11/96 Bank of New York 9,400,000
10/15/96 Swiss Bank Corp. 10,000,000
10/16/96 Banco Popolare Di Milano 8,400,000
10/21/96 Bank of New York 9,800,000
10/22/96 Chase Manhattan Bank 7,400,000
10/23/96 Bank of New York 9,800,000
10/24/96 Citibank, N.A. 5,000,000
11/06/96 Bank of New York 9,000,000
11/06/96 Chase Manhattan Bank 8,200,000
11/07/96 First Union National Bank 16,100,000
11/19/96 First Union National Bank 14,500,000
11/25/96 Bank of New York 8,500,000
12/02/96 Citibank, N.A. 7,000,000
12/03/96 First Union National Bank 6,900,000
12/05/96 Merchants National Bank 300,000
12/05/96 Bank of New York 8,700,000
12/06/96 First Union National Bank 4,400,000
12/10/96 Bank of New York 18,400,000
12/20/96 First Union National Bank 5,000,000
12/24/96 First Union National Bank 7,700,000
12/26/96 Banco Popolare Di Milano 5,700,000
12/30/96 Chase Manhattan Bank 2,700,000
12/31/96 Bank of New York 7,800,000
12/31/96 Chase Manhattan Bank 7,000,000
Penelec
Date Bank Amount
10/01/96 Bank of New York $ 4,000,000
10/02/96 Canadian Imperial Bank 9,300,000
10/04/96 First Union National Bank 12,100,000
-10-
<PAGE>
Penelec continued-
Date Bank Amount
10/04/96 Bank of New York $ 7,100,000
10/08/96 Bank of New York 13,400,000
10/09/96 Chemical Bank New Jersey 5,000,000
10/15/96 Chase Manhattan Bank 2,300,000
10/18/96 Union Bank of Switzerland 1,600,000
10/18/96 Bank of New York 1,800,000
10/18/96 Banco Popolare Di Milano 5,800,000
10/23/96 Bank of New York 12,500,000
10/28/96 Chemical Bank New Jersey 9,400,000
10/30/96 Citibank, N.A. 5,100,000
11/06/96 Bank of New York 4,600,000
11/07/96 Chase Manhattan Bank 13,400,000
11/21/96 Canadian Imperial Bank 2,900,000
11/25/96 Bank of New York 17,600,000
12/02/96 Banco Popolare Di Milano 6,100,000
12/03/96 First Union National Bank 5,100,000
12/04/96 First Union National Bank 5,500,000
12/05/96 Citibank, N.A. 8,000,000
12/06/96 First Union National Bank 2,200,000
12/10/96 Fuji Bank 18,800,000
12/12/96 Bank of New York 4,900,000
12/13/96 Fuji Bank 2,600,000
12/13/96 First Union National Bank 7,400,000
12/16/96 First Union National Bank 10,000,000
12/16/96 Hamilton Bank 10,000,000
12/17/96 PNC Bank 3,100,000
12/19/96 Citibank, N.A. 8,600,000
12/20/96 First Union National Bank 700,000
12/20/96 Bank of New York 5,000,000
12/24/96 First Union National Bank 7,000,000
12/24/96 Chase Manhattan Bank 5,800,000
12/26/96 Bank of New York 9,900,000
12/27/96 Chase Manhattan Bank 6,000,000
12/30/96 Chase Manhattan Bank 13,900,000
12/31/96 Bank of New York 9,400,000
To summarize the above transactions, at December 31,
1996 the GPU Companies had outstanding unsecured promissory notes
pursuant to informal bank lines of credit as follows:
GPU $75,400,000
JCP&L 31,800,000
Met-Ed 50,690,000
Penelec 98,700,000
-11-
<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.
GPU, INC.
JERSEY CENTRAL POWER & LIGHT COMPANY
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
By: /s/ T. G. Howson
T. G. Howson
Vice President and Treasurer
Date: January 8, 1997<PAGE>
