SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): June 30, 2000
Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
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1-6047 GPU, Inc. 13-5516989
(a Pennsylvania corporation)
300 Madison Avenue
Morristown, New Jersey 07962-1911
Telephone (973) 401-8200
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ITEM 5. OTHER EVENTS.
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As previously announced, on June 20, 2000 GPU, Inc. ("the Company")
entered into a definitive agreement to sell GPU PowerNet, the Company's
Australian electric transmission subsidiary, to Singapore Power International
(SPI) for A$2.1 billion (approximately US$1.26 billion). Together with
additional transaction considerations, the full value of the transaction will be
A$2.175 billion. On June 30, 2000 the Company completed the sale of GPU PowerNet
to SPI.
The Company will use the net proceeds from the sale to reduce
outstanding debt.
A copy of GPU's related news release is annexed as an exhibit.
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
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(c) Exhibit
1. GPU News Release, dated June 30, 2000.
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934,
THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.
GPU, INC.
By: /s/ T. G. Howson
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T. G. Howson, Vice President
and Treasurer
Date: June 30, 2000
