Amendment No. 2 to
SEC File No. 70-9351
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-l
APPLICATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ("Act")
GPU, INC. ("GPU")
300 Madison Avenue
Morristown, New Jersey 07962
(Name of company filing this statement and address
of principal executive offices)
GPU, INC. ("GPU")
-----------------
(Name of top registered holding company parent of applicant)
M. A. Nalewako, Secretary Douglas E. Davidson, Esq.
Michael J. Connolly, Esq., Berlack, Israels & Liberman LLP
Assistant General Counsel 120 West 45th Street
GPU Service, Inc. New York, New York 10036
300 Madison Avenue
Morristown, New Jersey 07962
(Names and addresses of agents for service)
<PAGE>
GPU, Inc. hereby amends its Application on Form U-1, docketed in SEC
File No. 70-9351, as follows:
1. By filing an amended and restated Exhibit H in Item 6 thereof as
follows:
H - GPU Actual and Pro Forma
Capitalization.
2
<PAGE>
SIGNATURE
---------
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF
1935, THE UNDERSIGNED COMPANIES HAVE DULY CAUSED THIS AMENDMENT TO BE SIGNED ON
THEIR BEHALF BY THE UNDERSIGNED THEREUNTO DULY AUTHORIZED.
GPU, INC.
By:
--------------------------------
T. G. Howson,
Vice President and Treasurer
Dated: November 3, 1998
3
Exhibit to be Filed with EDGAR
Exhibit
H - GPU Actual and Pro Forma Capitalization
ratios.
EXHIBIT H
SEC File No. 70-9351
CAPITALIZATION AND CAPITALIZATION RATIOS
----------------------------------------
(IN THOUSANDS)
The actual and pro forma capitalization of GPU, Inc. and Subsidiary
Companies at June 30, 1998 is as follows:
Actual Pro Forma (3)
------------------ -----------------
Amount % Amount %
---------- ---- ---------- ----
Long-term debt(1) $4,392,057 51.4 $4,392,057 51.4
Notes payable 487,160 5.7 487,160 5.7
Preferred stock (2) 155,478 1.8 155,478 1.8
Subsidiary-obligated
mandatorily redeemable
preferred securities 330,000 3.9 330,000 3.9
Common equity 3,172,886 37.2 3,172,886 37.2
------ ----- -----
$8,537,581 100.0 $8,537,581 100.0
========= ===== ========= =====
(1) Includes securities due within one year of $350,671.
(2) Includes securities due within one year of $2,500.
(3) The issuance of rights will not have a pro forma impact on GPU's
capitalization. The pro forma capitalization excludes approximately $735
million of GPU's proportionate share of non-recourse debt used to finance
the acquisition of exempt wholesale generators and foreign utility
companies, as defined under the Public Utility Holding Company Act of
1935, which debt is not consolidated for financial reporting purposes.
After giving effect to the non-recourse debt, the pro forma percentages
would be as follows: Long-term debt 55.3%; Notes payable 5.2%; Preferred
stock 1.7%; Subsidiary-obligated mandatorily redeemable preferred
securities 3.6%; and Common equity 34.2%.
