SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed under section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
GPU PowerNet Pty Limited
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(name of foreign utility company)
GPU, Inc. ("GPU")
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(Name of filing company, if filed on
behalf of a foreign utility company)
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Item 1.
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1. The name of the entity claiming foreign utility company
status is GPU PowerNet Pty Limited ("GPUP"). GPUP's address is:
c/o GPU Electric, Inc.
One Upper Pond Road
Parsippany, New Jersey 07054
2. The following is a brief description of facilities used
for the transmission and distribution of electric energy for
sale, which are currently owned by PowerNet Victoria ("PowerNet")
and for which GPUP has agreed to acquire from the State of
Victoria, Australia:
PowerNet owns and maintains the existing high voltage (over 66 kV)
electricity transmission grid in the State of Victoria, Australia. The
assets comprising the grid include approximately 6,500 kms of overhead
transmission lines (66 kV to 500 kV), approximately 10 kms of 220 kV
underground cable, approximately 13,000 galvanized steel towers, seven
power station switchyards and 36 terminal and transformation stations.
The PowerNet transmission system serves all of the State of Victoria
covering an area of approximately 227,600 square kilometers and a
population of approximately 4.5 million.
3. Ninety-nine percent of the voting shares of GPUP are
owned by Austran Holdings, Inc., which is a wholly-owned
subsidiary of GPU Australia Holdings, Inc. ("GPUAS"). GPUAS owns
the remaining 1 percent and is, in turn, a wholly owned
subsidiary of GPU Electric, Inc., which is, in turn, a wholly
owned subsidiary of GPU.
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Item 2.
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1. The following U.S. public utility companies are
associates of GPUP: Jersey Central Power & Light Company,
Metropolitan Edison Company and Pennsylvania Electric Company,
which are wholly-owned subsidiaries of GPU. No such public
utility company is acquiring an interest in GPUP.
3
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SIGNATURE
The undersigned company has duly caused this statement to be
signed on its behalf by the undersigned thereunto duly
authorized.
GPU, INC.
By:/s/ T. G. Howson
T. G. Howson
Vice President and Treasurer
Date: November 4, 1997
