SEC FILE NO. 70-7862
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CERTIFICATE PURSUANT TO
RULE 24
OF PARTIAL COMPLETION OF TRANSACTIONS
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
JERSEY CENTRAL POWER & LIGHT COMPANY
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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In the Matter of )
)
JERSEY CENTRAL POWER & LIGHT COMPANY )
METROPOLITAN EDISON COMPANY )
PENNSYLVANIA ELECTRIC COMPANY )
)
SEC File No. 70-7862 )
)
(Public Utility Holding )
Company Act of 1935) )
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To the Members of the Securities and Exchange Commission:
The undersigned, Jersey Central Power & Light Company ("JCP&L"),
Metropolitan Edison Company ("Met-Ed") and Pennsylvania Electric Company
("Penelec", collectively, the "GPU Companies") hereby certify pursuant to Rule
24 of the General Rules and Regulations under the Public Utility Holding Company
Act of 1935, as amended, that certain of the transactions authorized by the
Commission's Supplemental Order dated November 3, 1998, have been carried out in
accordance with the terms and conditions of, and for the purposes represented
by, the Application, as post-effectively amended, in SEC File No. 70-7862 as
follows:
1. On December 20, 1999, the GPU Companies each sold their respective
undivided ownership interests in the Three Mile Island Unit No. 1 nuclear
generating station ("TMI-1") to AmerGen Energy Company L.L.C. ("AmerGen"). The
sale to AmerGen included, among other things, the sale of all associated nuclear
fuel, assemblies and component parts ("Nuclear Material") which each of the GPU
Energy Companies have separately leased pursuant to Amended and Restated Nuclear
Material Lease Agreements, each dated as of November 5, 1998 (the "Amended TMI-1
Leases"), with TMI-1 Fuel Corp., a Delaware corporation wholly-owned by United
States Trust Company of New York, as Owner Trustee under a certain Second
Amended and Restated Trust Agreement, dated as of November 5, 1998 (the "Amended
Trust Agreement").
2. On December 20, 1999, in connection with the sale of TMI-1 to AmerGen,
the GPU Companies each terminated their Amended TMI-1 Lease with TMI-1 Fuel
Corp. Simultaneously, TMI-1 Fuel Corp. terminated the Credit Agreement it had
entered into with First Chicago, as Administrative Agent, PNC Bank, National
Association, as Syndication Agent, and First Chicago Capital Markets, Inc. and
PNC Capital Markets, Inc., as Arrangers
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thereunder and the Banks party thereto ("TMI-1 Credit Agreement"),and TMI-1
Fuel Corp. made final payments on outstanding commercial paper it had issued
in the aggregate principal amount of $73,076,000. The GPU Companies provided
TMI-1 Fuel Corp. with the necessary funds to make such repayment from
temporary investments and short-term borrowings.
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SIGNATURES
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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.
JERSEY CENTRAL POWER & LIGHT COMPANY
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
By: /s/ T. G. Howson
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T.G. Howson, Vice President
and Treasurer
Date: January 12, 2000
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