SEC FILE NO. 70-9599
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CERTIFICATE PURSUANT TO
RULE 24
OF PARTIAL COMPLETION OF
TRANSACTIONS
GPU, INC.
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:
In the matter of :
GPU, INC. : Certificate Pursuant
: to Rule 24 of Partial
: Completion of
: Transactions
:
SEC File No. 70-9599 :
(Public Utility Holding Company Act :
of 1935) :
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TO THE MEMBERS OF THE SECURITIES AND EXCHANGE COMMISSION:
The undersigned, GPU, Inc. (GPU) hereby certifies pursuant to Rule 24 of
the General Rules and Regulations under the Public Utility Holding Company Act
of 1935 (the Act), that certain of the transactions proposed in the Application
filed in SEC File No. 70-9599 have been carried out in accordance with the
Commission's Order dated April 14, 2000, as follows:
1. Financial Statements
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A copy of the unaudited consolidated financial statements of MYR Group
Inc. (MYR) (including a consolidated balance sheet and statement of income) as
of and for the twelve months ended September 30, 2000 (the consolidated
statement of income contained herein covers the period from April 26, 2000, the
date on which MYR became a wholly-owned subsidiary of GPU, through September 30,
2000) is attached as Exhibit A.
2. Schedule of Segment Revenue
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A schedule setting forth the segment revenue for the quarter ended
September 30, 2000 for each of MYR's business segments (Exhibit B) is being
filed separately pursuant to a request for confidential treatment under Rule
104(b) of the Act.
3. Narrative Description of Principal Business Activities
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Transmission and Distribution (T&D) Services:
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During the quarter ended September 30, 2000, MYR performed significant T&D
services for its customers. T&D services generated approximately 54% of MYR's
total revenue for that period. MYR performed a significant portion of these
services for utility companies in Texas, Tennessee, California and Colorado.
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Telecommunication Services
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There was no significant business activity to report for the quarter ended
September 30, 2000.
Traffic Signalization Services
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There was no significant business activity to report for the quarter ended
September 30, 2000.
Commercial and Industrial (C&I) Services:
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During the quarter ended September 30, 2000, MYR performed significant C&I
services for its customers. C&I services generated approximately 32% of MYR's
total revenue for that period. Several projects, including MYRpower's continued
work on a combined cycle merchant plant in the northeast, generated MYR's C&I
services-related revenue.
4. Services Provided to Associated Companies
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During the quarter ended September 30, 2000, services provided to the GPU
Companies consisted of (i) Harlan Electric performing various distribution
projects in New Jersey for Jersey Central Power & Light Company, and (ii) Harlan
Electric laying underground cable in Pennsylvania for GPU Telcom Services, Inc.
The total amount billed to the GPU Companies for performing such services was
$3.6 million during the period.
Also during the quarter ended September 30, 2000, GPU, Inc. provided $5
million of funding to MYR, in the form of a loan, for general working capital
requirements.
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF
1935, THE UNDERSIGNED COMPANY HAS DULY CAUSED THIS CERTIFICATE 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: December 6, 2000
