Post-Effective Amendment No. 21 to
SEC File No. 70-8593
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-1
APPLICATION UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ("Act")
GPU, INC. ("GPU")
GPU SERVICE, INC. ("GPUS")
100 Interpace Parkway
Parsippany, New Jersey 07054
GPU INTERNATIONAL, INC.("GPU International")
EI SERVICES, INC. ("EI Services")
One Upper Pond Road, Parsippany, New Jersey 07054
JERSEY CENTRAL POWER & LIGHT COMPANY ("JCP&L")
METROPOLITAN EDISON COMPANY ("Met-Ed")
PENNSYLVANIA ELECTRIC COMPANY ("Penelec")
P.O. Box 16001, Reading, Pennsylvania 19640
(Names of companies filing this statement
and addresses of principal offices)
GPU, INC.
(Name of top registered holding company
parent of the applicants)
M. A. Nalewako, Secretary Douglas E. Davidson, Esq.
M. J. Connolly, Esq., Berlack, Israels & Liberman LLP
Assistant General Counsel 120 West 45th Street
GPU Service, Inc. New York, New York 10036
100 Interpace Parkway
Parsippany, New Jersey 07054
W. S. Greengrove, Secretary S. L. Guibord, Esq.
GPU International, Inc. Secretary
GPU Electric, Inc. Jersey Central Power &
One Upper Pond Road Light Company
Parsippany, New Jersey 07054 Metropolitan Edison Company
Pennsylvania Electric Company
P.O. Box 16001
Reading, Pennsylvania 19640
(Names and addresses of agents for service)
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GPU, GPU International, EI Services, JCP&L, Met-Ed, Penelec
and GPUS hereby post-effectively amend their Application on Form
U-1, docketed in SEC File No. 70-8593, as heretofore amended, as
follows:
1. By amending the last sentence of paragraph O of Post-
Effective Amendment No. 10, as amended by Post-Effective
Amendment Nos. 14 and 15, to read in its entirety as follows:
GPU further undertakes to file certificates pursuant to rule 24
within 60 days after the end of the first three calendar
quarters, and 90 days after the end of the final calendar
quarter, beginning with the quarter ending September 30, 1997,
setting forth:
(1) a computation in accordance with rule 53(a) (as modified by
the Commission s order in this proceeding) of GPU s aggregate
investment in Subsidiary Companies and Exempt Entities;
(2) a statement of such aggregate investment as a percentage of
the following: total capitalization, net utility plant, total
consolidated assets, and market value of common equity, all as of
the end of such quarter;
(3) consolidated capitalization ratios as of the end of such
quarter;
(4) the market-to-book ratio of GPU s common stock at the end of
such quarter;
(5) an analysis of the growth in consolidated retained earnings
which segregates total earnings growth attributable to Subsidiary
Companies and Exempt Entities from that attributable to other
subsidiaries of GPU; and
(6) a statement of revenues and net income of each Subsidiary
Company and Exempt Entity for the twelve months ended as of the
end of such quarter.
2. By amending paragraph N of Post-Effective Amendment No.
10 thereof, as amended by Post-Effective Amendment No. 11
thereof, to read in its entirety as follows:
The estimated fees, commissions and expenses expected to be
incurred in connection with the proposed transactions will be as
follows:
<PAGE>
Legal Fees
Berlack, Israels & Liberman LLP $45,000
Ballard Spahr Andrews & Ingersoll 500
Miscellaneous 5,000
-----
TOTAL $50,500
2
<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.
Dated: November 6, 1997 GPU, INC.
JERSEY CENTRAL POWER & LIGHT COMPANY
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
GPU SERVICE, INC.
By:
T.G. Howson
Vice President and Treasurer
GPU INTERNATIONAL, INC.
EI SERVICES, INC.
By:
B. L. Levy
President
