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 12, 1999
Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
- ----------- ---------------------------------- -----------------
1-6047 GPU, Inc. 13-5516989
(a Pennsylvania corporation)
300 Madison Avenue
Morristown, New Jersey 07962-1911
Telephone (973) 455-8200
1-446 Metropolitan Edison Company 23-0870160
(a Pennsylvania corporation)
2800 Pottsville Pike
Reading, Pennsylvania 19640-0001
Telephone (610) 929-3601
1-3522 Pennsylvania Electric Company 25-0718085
(a Pennsylvania corporation)
2800 Pottsville Pike
Reading, Pennsylvania 19640-0001
Telephone (610) 929-3601
<PAGE>
ITEM 5. OTHER EVENTS.
-------------
As previously reported, in October 1998, the Pennsylvania Public Utility
Commission ("PaPUC") issued final orders ("Restructuring Orders") approving
settlement agreements entered into by Metropolitan Edison Company ("Met-Ed") and
Pennsylvania Electric Company ("Penelec") in their restructuring proceedings
with all but two parties to the restructuring proceedings. Those two parties
filed separate appeals with the Pennsylvania Commonwealth Court on various
grounds. Met-Ed and Penelec subsequently settled with one appellant which then
withdrew its appeal.
On August 12, 1999, the Pennsylvania Commonwealth Court, in a 5-2
decision, denied the remaining appeal filed by State Representative George and
upheld the PaPUC's actions in issuing the Restructuring Orders. Among other
things, the Commonwealth Court upheld the process used by the PaPUC in approving
the settlement agreements underlying the restructuring orders and the related
divestitures by Met-Ed and Penelec of their electric generating facilities.
Met-Ed and Penelec do not know whether Rep. George will seek review of the
Commonwealth Court's decision.
<PAGE>
SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANTS HAVE DULY CAUSED THIS REPORT TO BE SIGNED ON THEIR BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.
GPU, INC.
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
By: /s/ T. G. Howson
----------------------------
T. G. Howson, Vice President
and Treasurer
Date: August 16, 1999
