Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1993 and Ending December 31, 1993
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
GPU SERVICE CORPORATION
(Exact Name of Reporting Company)
A Subsidiary Service Company
("Mutual" or "Subsidiary")
Date of Incorporation April 30, 1970 If not Incorporated, Date of Organization
State or Sovereign Power under which Incorporated or Organized Pennsylvania
Location of Principal Executive Offices of Reporting 100 Interpace Parkway
Company Parsippany, NJ 07054
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
100 Interpace Parkway
P. R. Chatman Assistant Comptroller Parsippany, NJ 07054
(Name) (Title) (Address)
Name of Principal Holding Company Whose Subsidiaries are served by Reporting
Company:
GENERAL PUBLIC UTILITIES CORPORATION
<PAGE>
1
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing.--Rule 94 provides that on or before the first day of
May in each calendar year, each mutual service company and each subsidiary
service company as to which the Commission shall have made a favorable finding
pursuant to Rule 88, and every service company whose application for approval
or declaration pursuant to Rule 88 is pending shall file with the Commission
an annual report on Form U-13-60 and in accordance with the Instructions for
that form.
2. Number of Copies.--Each annual report shall be filed in duplicate.
The company should prepare and retain at least one extra copy for itself in
case correspondence with reference to the report become necessary.
3. Period Covered by Report.--The first report filed by any company
shall cover the period from the date the Uniform System of Accounts was
required to be made effective as to that company under Rules 82 and 93 to the
end of that calendar year. Subsequent reports should cover a calendar year.
4. Report Format.--Reports shall be submitted on the forms prepared by
the Commission. If the space provided on any sheet of such form is
inadequate, additional sheets may be inserted of the same size as a sheet of
the form or folded to such size.
5. Money Amounts Displayed.--All money amounts required to be shown in
financial statements may be expressed in whole dollars, in thousands of
dollars or in hundred thousands of dollars, as appropriate and subject to
provisions of Regulation S-X (S210.3-01(b)).
6. Deficits Displayed.--Deficits and other like entries shall be
indicated by the use of either brackets or a parenthesis with corresponding
reference in footnotes. (Regulation S-X, S210.3-01(c))
7. Major Amendments or Corrections.--Any company desiring to amend or
correct a major omission or error in a report after it has been filed with the
Commission shall submit an amended report including only those pages,
schedules, and entries that are to be amended or corrected. A cover letter
shall be submitted requesting the Commission to incorporate the amended report
changes and shall be signed by a duly authorized officer of the company.
8. Definitions.--Definitions contained in Instruction 01-8 to the
Uniform System of Accounts for Mutual Service Companies and Subsidiary Service
Companies, Public Utility Holding Company Act of 1935, as amended February 2,
1979 shall be applicable to words or terms used specifically within this Form
U-13-60.
9. Organization Chart.--The service company shall submit with each
annual report a copy of its current organization chart.
10. Methods of Allocation.--The service company shall submit with each
annual report a listing of the currently effective methods of allocation being
used by the service company and on file with the Securities and Exchange
Commission pursuant to the Public Utility Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed.--The
service company shall submit with each annual report a copy of the annual
statement supplied to each associate company in support of the amount of
compensation for use of capital billed during the calendar year.
<PAGE>
2
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS Page
Number
Description of Schedules and Accounts Schedule or Account
Number
COMPARATIVE BALANCE SHEET Schedule I 4-5
SERVICE COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY PROPERTY Schedule III 8
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRUED ASSETS Schedule VIII 13
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule XIII 18
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
ANALYSIS OF BILLING - ASSOCIATE COMPANIES Account 457 21
ANALYSIS OF BILLING - NONASSOCIATE COMPANIES Account 458 22
ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE
AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25A
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
<PAGE>
3
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Page
Number
Description of Reports or Statements
ORGANIZATION CHART 36
METHODS OF ALLOCATION 37
ANNUAL STATEMENT OF COMPENSATION FOR USE 38
OF CAPITAL BILLED
VENTURE DISCLOSURES 39
NOTE: Dollar figures in this report are shown in thousands unless otherwise
noted.
<PAGE>
<TABLE>
4
ANNUAL REPORT OF GPU SERVICE CORPORATION
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the Company as of December 31 of the current and prior year.
<CAPTION>
ACCOUNT ASSETS AND OTHER DEBITS As of December 31
CURRENT PRIOR
SERVICE COMPANY PROPERTY
<S> <C> <C>
101 Service Company property (Schedule II) $78,079 $93,544
107 Construction work in progress (Schedule II) - -
Total Property 78,079 93,544
108 Less accumulated provision for depreciation
and amortization of service company
property (Schedule III) 18,227 27,738
Net Service Company Property 59,852 65,806
INVESTMENTS
123 Investments in associate companies (Schedule IV) - -
124 Other investments (Schedule IV) 6,813 5,725
Total Investments 6,813 5,725
CURRENT AND ACCRUED ASSETS
131 Cash 76 43
134 Special deposits 85 85
135 Working funds - -
136 Temporary cash investments (Schedule IV) - -
141 Notes receivable - -
143 Accounts receivable 47 60
144 Accumulated provision for uncollectible
accounts - -
146 Accounts receivable from associate
companies (Schedule V) 3,845 6,653
152 Fuel stock expenses undistributed (Schedule VI) - -
154 Materials and supplies - -
163 Stores expense undistributed (Schedule VII) - -
165 Prepayments 1,548 1,163
171 Interest Receivable 258 350
174 Miscellaneous current and accrued
assets (Schedule VIII) - -
Total Current and Accrued Assets 5,859 8,354
DEFERRED DEBITS
181 Unamortized debt expense 62 72
184 Clearing accounts - -
186 Miscellaneous deferred debits (Schedule IX) 1,170 1,001
188 Research, development, or demonstration
expenditures (Schedule X) - -
190 Accumulated deferred income taxes 11,813 7,203
Total Deferred Debits 13,045 8,276
TOTAL ASSETS AND OTHER DEBITS $85,569 $88,161
<PAGE>
5
ANNUAL REPORT OF GPU SERVICE CORPORATION
SCHEDULE I - COMPARATIVE BALANCE SHEET
<CAPTION>
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL As of December 31
CURRENT PRIOR
PROPRIETARY CAPITAL
<S> <C> <C>
201 Common stock issued (Schedule XI) $ 50 $ 50
211 Miscellaneous paid-in-capital (Schedule XI) - -
215 Appropriated retained earnings (Schedule XI) (2,250) -
216 Unappropriated retained earnings (Schedule XI) - -
Total Proprietary Capital (2,200) 50
LONG-TERM DEBT
223 Advances from associate companies (Schedule XII) - -
224 Other long-term debt (Schedule XII) 42,152 49,415
225 Unamortized premium on long-term debt - -
226 Unamortized discount on long-term debt-debit - -
Total Long-term Debt 42,152 49,415
CURRENT AND ACCRUED LIABILITIES
231 Notes payable - -
232 Accounts payable 6,673 5,953
233 Notes payable to associate
companies (Schedule XIII) - -
234 Accounts payable to associate
companies (Schedule XIII) 333 -
236 Taxes accrued (101) 387
237 Interest accrued 833 938
238 Dividends declared - -
241 Tax collections payable 584 289
242 Miscellaneous current and accrued
liabilities (Schedule XIII) 20,127 20,596
Total Current and Accrued Liabilities 28,449 28,163
DEFERRED CREDITS
253 Other deferred credits 10,111 7,462
255 Accumulated deferred investment tax credits - -
Total Deferred Credits 10,111 7,462
282 ACCUMULATED DEFERRED INCOME TAXES 7,057 3,071
TOTAL LIABILITIES AND PROPRIETARY
CAPITAL $85,569 $88,161
<PAGE>
6
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE II - SERVICE COMPANY PROPERTY
<CAPTION>
BALANCE AT RETIREMENTS OTHER BALANCE AT
BEGINNING ADDITIONS OR CHANGES 1/ CLOSE OF
DESCRIPTION OF YEAR SALES YEAR
SERVICE COMPANY PROPERTY
Account
<S> <C> <C> <C> <C> <C>
301 ORGANIZATION $ 49 $ - $ - $ - $ 49
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND RIGHT 2,824 - - - 2,824
305 STRUCTURES AND
IMPROVEMENTS 50,682 585 1,723 - 49,544
306 LEASEHOLD
IMPROVEMENTS 63 - 63 - -
307 EQUIPMENT 2/ 28,660 2,302 11,747 19,215
308 OFFICE FURNITURE
AND EQUIPMENT 9,638 198 5,162 - 4,674
309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY 3/ 1,628 145 - - 1,773
SUB-TOTAL 93,544 3,230 18,695 - 78,079
107 CONSTRUCTION WORK
IN PROGRESS 4/ - - - - -
TOTAL $93,544 $ 3,230 $18,695 $ - $78,079
<FN>
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
N/A
<PAGE>
7
SCHEDULE II - CONTINUED
2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE COMPANY
SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING THE YEAR AND
THE BALANCE AT THE CLOSE OF THE YEAR:
<CAPTION>
BALANCE AT
SUBACCOUNT DESCRIPTION ADDITIONS CLOSE OF
YEAR
<S> <C> <C>
COMMUNICATIONS EQUIPMENT (MICROWAVE & TELEPHONE) $ 151 $ 1,972
DATA PROCESSING EQUIPMENT 1,347 15,837
DISPATCHING EQUIPMENT - 82
LOAD RESEARCH EQUIPMENT - 119
MISCELLANEOUS EQUIPMENT 82 483
PERSONAL COMPUTER 722 722
TOTAL $ 2,302 $19,215
<FN>
3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY:
Photographic, Cafeteria Furniture & Equipment, Mailing Equipment
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
N/A
<PAGE>
8
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION AND
AMORTIZATION OF SERVICE COMPANY PROPERTY
<CAPTION>
BALANCE AT ADDITIONS BALANCE AT
BEGINNING CHARGED OTHER CHANGES CLOSE OF
DESCRIPTION OF YEAR TO RETIREMENTS ADD (DEDUCT)1/ YEAR
ACCOUNT 403
Account
<S> <C> <C> <C> <C> <C>
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND RIGHTS
305 STRUCTURES AND
IMPROVEMENTS $12,661 $1,393 $ 1,723 $ - $12,331
306 LEASEHOLD
IMPROVEMENTS 62 - 62 - -
307 EQUIPMENT 7,529 1,392 5,443 - 3,478
308 OFFICE FURNITURE
AND FIXTURES 7,125 (64) 5,162 - 1,899
309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY 361 158 - - 519
$27,738 $2,879 $12,390 $ - $18,227
<FN>
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
N/A
<PAGE>
9
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE IV - INVESTMENTS
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124, "Other Investments", state each investment separately,
with description, including, the name of issuing company, number of shares
or principal amount, etc.
Under Account 136, "Temporary Cash Investments", list each investment
separately.
<CAPTION>
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
<S> <C> <C>
ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES
NONE
ACCOUNT 124 - OTHER INVESTMENTS
COMPANY OWNED LIFE INSURANCE -
CASH SURRENDER VALUE $5,725 $6,813
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS
NONE
TOTAL $5,725 $6,813
<PAGE>
10
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable from
each associate company. Where the service company has provided
accommodation or convenience payments for associate companies, a
separate listing of total payments for each associate company by
subaccount should be provided.
<CAPTION>
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
<S> <C> <C>
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES
GENERAL PORTFOLIOS CORPORATION $ 14 $ 157
GENERAL PUBLIC UTILITIES CORPORATION 318 -
GPU NUCLEAR CORPORATION 904 247
JERSEY CENTRAL POWER & LIGHT COMPANY 2,206 1,580
METROPOLITAN EDISON COMPANY 676 817
PENNSYLVANIA ELECTRIC COMPANY 2,535 1,044
TOTAL $ 6,653 $ 3,845
<CAPTION>
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
<S> <C>
INTERCHANGE TRANSACTIONS
JERSEY CENTRAL POWER & LIGHT COMPANY $95,214
METROPOLITAN EDISON COMPANY 81,485
PENNSYLVANIA ELECTRIC COMPANY 16,134
TOTAL PAYMENTS $192,833
<PAGE>
11
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
fuel stock expenses during the year and indicate amount
attributable to each associate company. Under the section headed
"Summary" listed below give an overall report of the fuel functions
performed by the service company.
<CAPTION>
D E S C R I P T I O N LABOR EXPENSES TOTAL
<S> <C> <C> <C>
ACCOUNT 152 - FUEL STOCK EXPENSES UNDISTRIBUTED
NONE
TOTAL - - -
SUMMARY:
<PAGE>
12
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
stores expense during the year and indicate amount attributable to
each associate company.
<CAPTION>
D E S C R I P T I O N LABOR EXPENSES TOTAL
<S> <C> <C> <C>
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED $7,087 $1,408 $8,495
BILLED TO:
JERSEY CENTRAL POWER & LIGHT COMPANY (2,347) (448) (2,795)
METROPOLITAN EDISON COMPANY (1,816) (320) (2,136)
PENNSYLVANIA ELECTRIC COMPANY (2,924) (640) (3,564)
NOTE: Stores expenses are billed back to the
associated companies in the month incurred.
TOTAL $ - $ - $ -
<PAGE>
13
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE VIII
MISCELLANEOUS CURRENT AND ACCRUED ASSETS
INSTRUCTIONS: Provide detail of items in this
account. Items less than
$10,000 may be grouped, showing
the number of items in each
group.
<CAPTION>
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
<S> <C> <C>
ACCOUNT 174 - MISCELLANEOUS CURRENT AND ACCRUED
ASSETS
NONE
TOTAL - -
<PAGE>
14
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000 may
be grouped by class showing the number of items in each class.
<CAPTION>
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
<S> <C> <C>
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS
Air Shuttle $ 37 $ 40
Employee Stock Plan 681 896
GPU/DQE Transmission Project 192 9
Unclassified Charges by Associates 91 225
TOTAL $1,001 $1,170
<PAGE>
15
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE X
RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
INSTRUCTIONS: Provide a description of each material research, development, or
demonstration project which incurred costs by the service
corporation during the year.
<CAPTION>
D E S C R I P T I O N AMOUNT
<S> <C>
ACCOUNT 188 - RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES
SYSTEM RESEARCH AND DEVELOPMENT $ 68
BILLED TO:
JERSEY CENTRAL POWER & LIGHT COMPANY (34)
PENNSYLVANIA ELECTRIC COMPANY (19)
METROPOLITAN EDISON COMPANY (15)
NOTE: Research and development expenses are billed
back to the associate companies in the month
incurred.
TOTAL $ -
<PAGE>
16
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XI - PROPRIETARY CAPITAL
<CAPTION>
NUMBER OF PAR OR STATED
ACCOUNT NUMBER CLASS OF STOCK SHARES VALUE OUTSTANDING CLOSE OF PERIOD
AUTHORIZED PER SHARE NO. OF SHARES TOTAL AMOUNT
<S> <C> <C> <C> <C> <C>
201 COMMON STOCK ISSUED 5,000 $10 * 5,000 $50,000*
INSTRUCTIONS: Classify amounts in each account with brief explanation, disclosing the general nature of
transactions which gave rise to the reported amounts.
<CAPTION>
D E S C R I P T I O N AMOUNT
<S> <C>
ACCOUNT 211 - MISCELLANEOUS PAID-IN CAPITAL NONE
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS $(2,250.00)
GPUSC Excess Pension Plan Minimum Liability Recognition
TOTAL $(2,250.00)
INSTRUCTIONS: Give particulars concerning net income or (loss) during the year, distinguishing between
compensation for the use of capital owed or net loss remaining from servicing nonassociates per
the General Instructions of the Uniform System of Accounts. For dividends paid during the year
in cash or otherwise, provide rate percentage, amount of dividend, date declared and date paid.
<CAPTION> BALANCE AT NET INCOME BALANCE AT
D E S C R I P T I O N BEGINNING OR DIVIDENDS CLOSE OF
OF YEAR (LOSS) PAID YEAR
<S> <C> <C> <C> <C>
ACCOUNT 216 - UNAPPROPRIATED RETAINED EARNINGS
NONE
TOTAL $ - $ - $ - $ -
* In whole dollars.
<PAGE>
17
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XII- LONG-TERM DEBT
INSTRUCTIONS: Advances from associate companies should be reported separately for advances on notes, and advances on open
account. Names of associate companies from which advances were received shall be shown under the class and
series of obligation column. For Account 224 - Other long term debt provide the name of creditor company or
organization, terms of the obligation, date of maturity, interest rate, and the amount authorized and
outstanding.
<CAPTION>
TERMS OF OBLIG DATE BALANCE AT BALANCE AT
NAME OF CREDITOR CLASS & SERIES OF INTEREST AMOUNT BEGINNING 1/ CLOSE
OF OBLIGATION MATURITY RATE AUTHORIZED OF YEAR ADDITIONS DEDUCTIONS OF YEAR
<S> <C> <C> <C> <C> <C> <C> <C>
ACCOUNT 223 - ADVANCES FROM ASSOCIATE
COMPANIES:
NONE
ACCOUNT 224 - OTHER LONG-TERM DEBT:
Aetna Insurance 4/1/01 10.87 $ 28,800 $ 3,200 $25,600*
Bank of New York 9/30/93 Variable 11,500 11,500
Obligations under Capital Leases Various Various 9,115 $ 388 4,451 5,052
Total $ 49,415 $ 388 $ 7,651 $42,152
<FN>
1/ GIVE AN EXPLANATION OF DEDUCTIONS: Payments Per Agreements
* Includes $3,200 due within one year.
<PAGE>
18
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
INSTRUCTIONS: Provide balance of notes and accounts payable to each associate
company. Give description and amount of miscellaneous current and
accrued liabilities. Items less than $10,000 may be grouped, showing
the number of items in each group.
<CAPTION>
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
<S> <C> <C>
ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE COMPANIES
NONE
TOTAL - -
ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE
COMPANIES
GENERAL PUBLIC UTILITIES CORPORATION $ - $ 333
TOTAL $ - $ 333
ACCOUNT 242 - MISCELLANEOUS CURRENT AND ACCRUED
LIABILITIES
ACCRUALS - EMPLOYEE SOCIAL CLUB $ - $ 15
- DENTAL 75 120
- CAFETERIA SUPPLEMENT 30 10
- INTERCHANGE POWER (33) (11)
- HOSPITALIZATION 741 1,280
- INCENTIVE COMPENSATION 958 1,053
- LEGAL 120 168
- OFFICERS DEFERRED COMPENSATION 2,437 3,575
- PENSION COSTS 3,948 3,056
- SEVERANCE PAY 177 -
- VACATION 5,777 6,236
- OBLIGATIONS UNDER CAPITAL LEASES 6,366 4,625
(Short-Term Portion)
TOTAL $20,596 $20,127
<PAGE>
19
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes regarding the
financial statements or any account thereof. Furnish particulars as
to any significant contingent assets or liabilities existing at the
end of the year. Notes relating to financial statements shown
elsewhere in this report may be indicated here by reference.
Capital lease balances are incorporated in the following accounts:
<CAPTION>
December 31
1993 1992
<S> <C> <C>
PROPERTY UNDER CAPITAL LEASES:
101 Service Company Property
- 307 Equipment $ 9,677 $15,481
OBLIGATIONS UNDER CAPITAL LEASES:
224 Other Long-Term Debt $ 5,052 $ 9,115
242 Miscellaneous Current
and Accrued Liabilities 4,625 6,366
$ 9,677 $15,481
<PAGE>
20
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XV
STATEMENT OF INCOME
<CAPTION>
ACCOUNT D E S C R I P T I O N CURRENT YEAR PRIOR YEAR
INCOME
<S> <C> <C>
457 Services rendered to associate companies $118,639 $115,370
458 Services rendered to nonassociate
companies 198 67
421 Miscellaneous income or loss 8 (38)
Total Income 118,845 115,399
EXPENSE
920 Salaries and wages 57,785 56,093
921 Office supplies and expenses 9,341 8,955
922 Administrative expense transferred -
credit - -
923 Outside services employed 6,604 4,625
924 Property insurance 23 105
925 Injuries and damages 100 182
926 Employee pensions and benefits 13,362 11,892
928 Regulatory commission expense - -
930.1 General advertising expenses 2 13
930.2 Miscellaneous general expenses 1,853 3,271
931 Rents 14,122 13,488
932 Maintenance of structures and equipment 4,256 3,007
403 Depreciation and amortization expense 2,844 3,949
408 Taxes other than income taxes 6,246 5,856
409 Income taxes 1,645 1,432
410 Provision for deferred income taxes 2,534 1,591
411 Provision for deferred income taxes -
credit (5,583) (2,894)
411.5 Investment tax credit - -
426.1 Donations 93 108
426.5 Other deductions (311) (245)
427 Interest on long-term debt 3,295 3,519
430 Interest on debt to associate
companies - -
431 Other interest expense 634 452
Total Expense 118,845 115,399
Net Income or (Loss) $ - $ -
<PAGE>
21
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
ANALYSIS OF BILLING
ASSOCIATE COMPANIES
ACCOUNT 457
<CAPTION>
DIRECT INDIRECT COMPENSATION TOTAL
COSTS COSTS FOR USE AMOUNT
NAME OF ASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL BILLED
457-1 457-2 457-3
<S> <C> <C> <C> <C>
GENERAL PUBLIC UTILITIES CORPORATION $ 1,114 $ 282 $ - $ 1,396
JERSEY CENTRAL POWER & LIGHT COMPANY 28,975 9,606 - 38,581
PENNSYLVANIA ELECTRIC COMPANY 27,355 9,231 - 36,586
METROPOLITAN EDISON COMPANY 17,312 5,809 - 23,121
GPU NUCLEAR CORPORATION 12,439 6,368 - 18,807
GENERAL PORTFOLIOS CORPORATION 128 20 - 148
TOTAL $87,323 $31,316 $ - $118,639
<PAGE>
22
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES
ACCOUNT 458
<CAPTION>
DIRECT INDIRECT COMPENSATION EXCESS
COSTS COSTS FOR USE TOTAL OR TOTAL
NAME OF NONASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL COST DEFICIENCY AMOUNT
458-1 458-2 458-3 458-4 BILLED
<S> <C> <C> <C> <C> <C> <C>
* Boscov's Department Store, Inc. (A) $ 4 $ 4
* Delmarva Power & Light (B) 8 8
* Energy Management Associates (B) 38 38
New York State Electric & Gas (C) $ 5 $ 5 5
PJM Interconnection Office (D) 8 8 8
Philadelphia Electric Company (D) 10 10 10
* Reading Tube Corporation (A) 3 3
* UGI Corporation (A) 1 1
Utilities Employees Credit Union (D) 55 55 55
* Utilities Resources, Inc. (B) 66 66
TOTAL $ 78 $ - $ - $ 78 $120 $198
INSTRUCTION: Provide a brief description of the services rendered to each nonassociated company:
(A) Computer Reserve Capacity & Related Services
(B) Computer Software Licensing Revenues & Implementation Support
(C) Tie Line Services
(D) Computer Services
* See Descriptions of Activities on page 39.
<PAGE>
23
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
<CAPTION>
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES TOTAL CHARGES FOR SERVICE
DIRECT INDIRECT DIRECT INDIRECT DIRECT INDIRECT
DESCRIPTION OF ITEMS COST COST TOTAL COST COST TOTAL COST COST TOTAL
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $48,361 $ 9,412 $57,773 $ 12 $ 12 $48,373 $ 9,412 $ 57,785
921 OFFICE SUPPLIES AND EXPENSES 4,958 4,368 9,326 15 15 4,973 4,368 9,341
922 ADMINISTRATIVE EXPENSE TRANSFERRED-
CREDIT
923 OUTSIDE SERVICES EMPLOYED 6,208 396 6,604 6,208 396 6,604
924 PROPERTY INSURANCE 23 23 23 23
925 INJURIES AND DAMAGES 126 (26) 100 126 (26) 100
926 EMPLOYEE PENSIONS AND BENEFITS 10,074 3,288 13,362 10,074 3,288 13,362
928 REGULATORY COMMISSION EXPENSE
930.1 GENERAL ADVERTISING EXPENSES 2 2 2 2
930.2 MISCELLANEOUS GENERAL EXPENSES 1,330 523 1,853 1,330 523 1,853
931 RENTS 9,880 4,202 14,082 40 40 9,920 4,202 14,122
932 MAINTENANCE OF STRUCTURES AND
EQUIPMENT 2,417 1,828 4,245 11 11 2,428 1,828 4,256
403 DEPRECIATION AND AMORTIZATION
EXPENSE 22 2,822 2,844 22 2,822 2,844
408 TAXES OTHER THAN INCOME TAXES 4,290 1,956 6,246 4,290 1,956 6,246
409 INCOME TAXES 1,645 1,645 1,645 1,645
410 PROVISION FOR DEFERRED INCOME TAXES 2,534 2,534 2,534 2,534
411 PROVISION FOR DEFERRED INCOME TAXES
- CREDIT (5,583) (5,583) (5,583) (5,583)
411.5 INVESTMENT TAX CREDIT
421 MISCELLANEOUS INCOME OR LOSS (8) (8) (8) (8)
426.1 DONATIONS 93 93 93 93
426.5 OTHER DEDUCTIONS (311) (311) (311) (311)
427 INTEREST ON LONG-TERM DEBT 3,295 3,295 3,295 3,295
431 OTHER INTEREST EXPENSE 634 634 634 634
INSTRUCTION: Total cost of service will equal
for associate and nonassociate
companies the total amount billed
under their separate analysis of
billing schedules.
TOTAL EXPENSES = 87,442 31,317 118,759 78 78 87,520 31,317 118,837
COMPENSATION FOR USE OF EQUITY CAPITAL =
430 INTEREST ON DEBT TO ASSOC. COMPANIES =
TOTAL COST OF SERVICE = $87,442 $31,317 $118,759 $ 78 $ - $ 78 $87,520 $31,317 $118,837
<PAGE>
24
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
D E P A R T M E N T OR S E R V I C E F U N C T I O N
<CAPTION>
MATERIAL
TOTAL BUSINESS CORPORATE HUMAN &
D E S C R I P T I O N O F I T E M S AMOUNT OVERHEAD ACCOUNTING TAXES PLANNING SECRETARY LEGAL RESOURCES SERVICES
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $ 57,785 $ 9,412 $3,123 $ 965 $ 591 $414 $176 $1,844 $6,032
921 OFFICE SUPPLIES AND EXPENSES 9,341 4,368 114 47 44 34 16 221 484
922 ADMINISTRATIVE EXPENSE TRANSFERRED -
CREDIT
923 OUTSIDE SERVICES EMPLOYED 6,604 396 8 2 968 610 37
924 PROPERTY INSURANCE 23 23
925 INJURIES AND DAMAGES 100 (26) 8 2 2 1 5 16
926 EMPLOYEE PENSIONS AND BENEFITS 13,362 3,288 670 200 122 83 37 383 1,275
928 REGULATORY COMMISSION EXPENSE
930.1 GENERAL ADVERTISING EXPENSE 2
930.2 MISCELLANEOUS GENERAL EXPENSES 1,853 523 63 2 1 2 127 118
931 RENTS 14,122 4,202 60 48 42 5 14 88 65
932 MAINTENANCE OF STRUCTURES AND
EQUIPMENT 4,256 1,828 1 1 39 16
403 DEPRECIATION AND AMORTIZATION
EXPENSE 2,844 2,822
408 TAXES OTHER THAN INCOME TAXES 6,246 1,956 232 69 42 29 13 133 442
409 INCOME TAXES 1,645 1,645
410 PROVISION FOR DEFERRED INCOME TAXES 2,534 2,534
411 PROVISION FOR DEFERRED INCOME TAXES
- CREDIT (5,583) (5,583)
411.5 INVESTMENT TAX CREDIT
421 MISC. INCOME OR LOSS (8)
426.1 DONATIONS 93 1
426.5 OTHER DEDUCTIONS (311)
427 INTEREST ON LONG-TERM DEBT 3,295 3,295
430 INTEREST ON DEBT TO ASSOCIATE
COMPANIES
431 OTHER INTEREST EXPENSE 634 634
INSTRUCTION: Indicate each department or
service function. (See Instruc-
tion 01-3 General Structure of
Accounting System: Uniform
System Account)
TOTAL EXPENSES = $118,837 $31,317 $4,280 $1,334 $ 843 $569 $1,226 $3,450 $8,485
<PAGE>
25
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
D E P A R T M E N T OR S E R V I C E F U N C T I O N
<CAPTION>
GPU/DQE
ACCOUNT INTERNAL INFORMATION POWER SYSTEMS TRANSMISSION POWER TRANSMISSION SYSTEM
NUMBER EXECUTIVE AUDIT SERVICES SUPPLY GENERATION OPERATIONS PLAN & ANAL. CONTRACTS PROJECT PLANNING
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 $1,571 $ 2,172 $18,217 $540 $ 76 $3,598 $1,142 $305 $ 987 $1,422
921 118 185 2,361 38 5 137 72 27 219 109
922
923 7 109 1,009 35 9 20 43
924
925 3 6 48 1 10 3 1 2 4
926 236 457 3,872 100 16 760 241 64 199 293
928
930.1
930.2 74 3 327 57 45 19 1 70 5
931 6 43 8,188 17 5 596 100 64 86
932 1 2,018 131
403
408 82 158 2,140 35 6 264 83 22 69 102
409
410
411
411.5
421 (8)
426.1
426.5
427
430
431
TOTAL $2,097 $ 3,134 $38,172 $823 $117 $5,561 $1,660 $420 $1,610 $2,064
<PAGE>
25A
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
D E P A R T M E N T OR S E R V I C E F U N C T I O N
<CAPTION>
ACCOUNT BUSINESS GOVERNMENT STRATEGIC CORPORATE
NUMBER DEVELOPMENT COMMUNICATIONS RELATIONS TREASURY PLANNING GENERAL
<S> <C> <C> <C> <C> <C> <C>
920 $1,051 $303 $218 $2,273 $1,353
921 207 111 79 251 93 $ 1
922
923 1,243 9 51 32 2,016
924
925 3 1 1 6 3
926 211 60 42 475 278
928
930.1 2
930.2 18 235 75 51 28 9
931 96 6 150 81 160
932 (9) 8 222
403 22
408 73 20 15 165 96
409
410
411
411.5
421
426.1 92
426.5 (311)
427
430
431
TOTAL $2,893 $839 $639 $3,556 $4,027 $(279)
<PAGE>
26
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
DEPARTMENTAL ANALYSIS OF SALARIES
ACCOUNT 920
<CAPTION>
DEPARTMENTAL SALARY EXPENSE NUMBER
NAME OF DEPARTMENT INCLUDED IN AMOUNTS BILLED TO PERSONNEL
Indicate each department TOTAL PARENT OTHER NON END OF
or service function. AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR
<S> <C> <C> <C> <C> <C>
Accounting $ 3,825 $ 37 $ 3,788 $ - 90
Taxes 1,040 - 1,040 - 16
Business Planning 734 1 733 - 11
Corporate Secretary 1,035 73 962 - 26
Legal 190 - 190 - 3
Human Resources 2,407 - 2,407 - 44
Materials and Services 8,892 3 8,889 - 170
Executive 1,888 632 1,256 - 8
Internal Auditing 2,398 - 2,398 - 42
Information Services 21,532 - 21,520 12 394
Power Supply 540 - 540 - 7
Generation 76 - 76 - 1
System Operations 3,601 - 3,601 - 65
Transmission Plan. & Anal. 1,142 - 1,142 - 19
Power Contracts 305 - 305 - 5
GPU-DQE Transmission Project 987 - 987 - 12
System Planning 1,422 - 1,422 - 20
Business Development 1,052 - 1,052 - 13
Communications 553 34 519 - 8
Government Relations 218 - 218 - 3
Treasury 2,593 58 2,535 - 44
Strategic Planning 1,355 - 1,355 - 20
TOTAL $57,785 $ 838 $56,935 $ 12 1,021
<PAGE>
27
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If the
aggregate amounts paid to any one payee and included within one subaccount
is less than $25,000, only the aggregate number and amount of all such
payments included within the subaccount need be shown. Provide a subtotal
for each type of service.
<CAPTION>
RELATIONSHIP
"A"= ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"= NON AMOUNT
ASSOCIATE
<S> <C> <C> <C>
Legal
Apruzzese, McDermott, Mastro Somerset Hills Corp. Center NA $ 29
& Murphy P.O. Box 112
Liberty Corner, NJ 07938
Ballard Spahr Andrews 1735 Market St. - 51st Floor NA 78
& Ingersoll Philadelphia, PA 19103
Berlack, Israels & Liberman 120 West 45th St. NA 448
New York, NY 10036
Crowell & Moring 1001 Pennsylvania Ave., N.W. NA 75
Washington, D.C. 20004
Kleinbard, Bell & Brecker Suite 700 NA 49
1900 Market Street
Philadelphia, PA 19103
Shaw, Pittman, Potts & 2300 N. Street, N.W. NA 31
Trowbridge Washington, DC 20037
Steir, Anderson & Malone 1120 Route 22 East NA 104
Bridgewater, NJ 08807
Swidler & Berlin 3000 K Street NW NA 134
Suite 300
Washington DC 20007 3851
7 Others (under $25,000) 15
Sub-Total 963
<PAGE>
27A
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A" = ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"= NON AMOUNT
ASSOCIATE
Engineering
General Electric Company PO Box 640611 NA 28
Pittsburgh, PA 15264-0611
JDB Engineering, Inc. 3687 Concord Road NA 25
York, PA 17402
5 Others (under $25,000) 12
Sub-Total 65
Auditing
Coopers & Lybrand 1251 Avenue of the NA 89
Americas
New York, NY 10020
Sub-Total 89
Other Professional Services
American Electric Power 2 Broadway NA 47
Service Corp. New York, NY 10004
Anylec Research, Inc. 195 Seaman Aven. NA 28
Bayport, NY 11705
Approach Associates 950 Vine Street NA 53
Macungie, PA 18062
Arc International, LTD. 5445 DTC Parkway NA 807
Suite 720
Englewood, CO 80111
<PAGE>
27B
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"= ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"= NON AMOUNT
ASSOCIATE
Other Professional Services (Continued)
Madeline Benenson Associates 63 Gerdes Avenue NA 48
Verona, NJ 07044
Blair Cad Design 1016 Elizabeth Ave. NA 33
Laureldale, PA 19605
Computer Horizons Corporation 4 Century Drive NA 82
Parsippany, NJ 07054
Computer Resource Network, 133 Ziegler Rd. NA 71
Inc. Pennsburg, PA 18073
Database Consulting Victoria Business Centers NA 104
Associates, Inc. 1489 Baltimore Pike
Springfield, PA 19064
Drexel Associates, Inc. 295 South Newton St. Rd. NA 94
PO Box 265
Newton Square, PA 19073
Electrotek Concepts EMPT Users Group NA 44
10305 Dutchtown Rd.
Knoxville, TN 37932
EDP Temps 401 City Line Ave. NA 104
Suite 215
Bala Cynwyd, PA 19004
The Flatley Sheraton Tara Hotel NA 82
199 Smith Road
Parsippany, NJ 07054
Gartner Group Inc. 56 Top Gallant Road NA 36
PO Box 10212
Stamford, CT 06904
<PAGE>
27C
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If
the aggregate amounts paid to any one payee and included within one
subaccount is less than $25,000, only the aggregate number and amount
of all such payments included within the subaccount need be shown.
Provide a subtotal for each type of service.
RELATIONSHIP
"A"= ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"= NON AMOUNT
ASSOCIATE
Other Professional Services (Continued)
Godwins, Frank B Hall 299 Cherry Hill Road NA 25
Consulting Co. Parsippany, NJ 07054
Godwins Inc. 299 Cherry Hill Road NA 148
Parsippany, NJ 07054
Hanover Marriott 1401 Route 10 East NA 73
Whippany, NJ 07981
Humanic Design Corp. 1200 MacArthur Blvd. NA 64
Mahwah, NJ 07430
Kwasha Lipton, Inc. P.O. Box 1400 NA 74
Fort Lee, NJ 07024
Manpower International, Inc. 210 Park Road North NA 121
Wyomissing, PA 19610
Metzler & Associates 520 Lake Cook Road NA 48
Deerfield, IL 60015
Organizational Dynamics, Inc. 25 Mall Road NA 41
Burlington, MA 01803
Pennsylvania State University 120 South Burrowes St. NA 122
University Park, PA 16801
Price Waterhouse 153 E. 53rd St. NA 111
New York, NY 10022
Putnam, Hayes & Bartlett, Inc. 124 Mount Auburn St. NA 1,797
Cambridge, MA 02138
<PAGE>
27D
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed. If the
aggregate amounts paid to any one payee and included within one
subaccount is less than $25,000, only the aggregate number and amount of
all such payments included within the subaccount need be shown. Provide
a subtotal for each type of service.
RELATIONSHIP
"A"= ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"= NON AMOUNT
ASSOCIATE
Other Professional Services (Continued)
Resource Data International 1320 Pearl St. NA 25
Suite 300
Boulder, CO 80302
Resources for Responsible 264 Beacon St. NA 114
Management Boston, MA 02116
Sheraton Berkshire Inn Route 422 West NA 45
Paper Mill Road Exit
Reading, PA 19610
Sheraton Tara 199 Smith Road NA 70
Parsippany, NJ 07054
Standard & Poors Corporation 25 Broadway NA 183
New York, NY 10004
Tamiment Resort & Bushkill Road NA 37
Conference Center Taminent, PA 18371
Tennessee Center for Research 1900 Powell St. NA 25
and Development Suite 840
Emeryville, IN 94608
Towers Perrin Forster & PO Box 85005-6110 NA 71
Crosby Inc. Philadelphia, PA 19178
146 Others (under $25,000) 660
Subtotal 5,487
Grand Total $6,604
</TABLE>
<PAGE>
28
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
EMPLOYEE PENSIONS AND BENEFITS
ACCOUNT 926
INSTRUCTIONS: Provide a listing of each pension plan and benefit program
provided by the service company. Such listing should be
limited to $25,000.
D E S C R I P T I O N AMOUNT
CAFETERIA SUPPLEMENT $ 107
SOCIAL CLUB 48
GROUP LIFE INSURANCE 96
HOSPITAL, SURGICAL, MEDICAL & DENTAL INSURANCE 3,775
LONG TERM DISABILITY 900
PENSION PLANS 2,069
EMPLOYEE SAVINGS PLAN 1,819
EDUCATIONAL REIMBURSEMENT 288
VACATION ACCRUAL 812
OPEB LIFE INSURANCE 533
OPEB HEALTH INSURANCE 2,882
OTHER BENEFITS (Under $25,000) 33
TOTAL $13,362
<PAGE>
29
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
GENERAL ADVERTISING EXPENSES
ACCOUNT 930.1
INSTRUCTIONS: Provide a listing of the amount included in Account 930.1,
"General Advertising Expenses", classifying the items according
to the nature of the advertising and as defined in the account
definition. If a particular class includes an amount in excess
of $3,000 applicable to a single payee, show separately the
name of the payee and the aggregate amount applicable thereto.
D E S C R I P T I O N NAME OF PAYEE AMOUNT
COMMUNITY AWARENESS (1 under $3,000) $ 2
TOTAL $ 2
<PAGE>
30
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
MISCELLANEOUS GENERAL EXPENSES
ACCOUNT 930.2
INSTRUCTIONS: Provide a listing of the amount included in Account 930.2,
"Miscellaneous General Expenses", classifying such expenses
according to their nature. Payments and expenses permitted
by Section 321 (b) (2) of the Federal Election Campaign Act,
as amended by Public Law 94-283 in 1976 (2 U.S.C.S. 441 (b)
(2) shall be separately classified.
D E S C R I P T I O N AMOUNT
Dues & Memberships $ 221
Employee Assoc. & Activities 133
In-House Training & Co. Sponsored Educational Courses 187
Management Meetings 107
Non-Professional Temporary Help 712
Services Performed by Affiliates 92
Severance 59
Other 342
TOTAL $1,853
<PAGE>
31
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
RENTS
ACCOUNT 931
INSTRUCTIONS: Provide a listing of the amount included in Account 931, "Rents",
classifying such expenses by major groupings of property, as
defined in the account definition of the Uniform System of
Accounts.
T Y P E O F P R O P E R T Y AMOUNT
BUILDINGS $ 262
DATA COMMUNICATION EQUIPMENT 7
DATA PROCESSING EQUIPMENT 10,958
DUPLICATING EQUIPMENT 299
LICENSES & PC SOFTWARE 951
MAILING EQUIPMENT 28
ON-LINE DATA SERVICES 78
OTHER OFFICE EQUIPMENT 24
PERSONAL COMPUTERS 1,053
TELECOMMUNICATIONS SYSTEM 450
MISCELLANEOUS 12
TOTAL $14,122
<PAGE>
32
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
TAXES OTHER THAN INCOME TAXES
ACCOUNT 408
INSTRUCTION: Provide an analysis of Account 408, "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other than
U.S. Government taxes, and (2) U.S. Government taxes. Specify
each of the various kinds of taxes and show the amounts thereof.
Provide a subtotal for each class of tax.
K I N D O F T A X AMOUNT
(1) OTHER THAN U.S. GOVERNMENT TAXES
Local Real Estate - New Jersey $ 464
- Pennsylvania 644
New Jersey Business Personal Property 3
Washington, DC - Personal Property 3
New Jersey Unemployment Insurance 154
Pennsylvania Unemployment Insurance 187
Pennsylvania Sales & Use 809
Sub Total 2,264
(2) TAXES - U.S. GOVERNMENT
Federal Unemployment Insurance 64
FICA 3,918
Sub Total 3,982
TOTAL $6,246
<PAGE>
33
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
DONATIONS
ACCOUNT 426.1
INSTRUCTION: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose. The
aggregate number and amount of all items of less than $3,000
may be shown in lieu of details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
Center for Excellence in Education Education $ 5
County College of Morris College Matching 3
Hershey Medical Center Health Services/Hospitals 3
N.J. Performing Arts Center Community Charities 10
United Way of Berks County Community Charities 10
Princeton University Trustee's College Matching 4
N.J. Institute of Tech College Matching 5
NAACP Community Charities 5
NY/NJ Minority Community Charities 4
College Bound of Easton, PA College Matching 3
83 Recipients (Under $3,000) College Matching 19
53 Recipients (Under $3,000) Community Charities 22
TOTAL $ 93
<PAGE>
34
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
OTHER DEDUCTIONS
ACCOUNT 426.5
INSTRUCTIONS: Provide a listing of the amount included in Account 426.5, "Other
Deductions", classifying such expenses according to their nature.
D E S C R I P T I O N NAME OF PAYEE AMOUNT
Company Owned Life Insurance Premiums Selective Compensation $ (81)
Life of Virginia Insurance (10)
Co.
Massachusetts Mutual (220)
Life Insurance Co.
TOTAL $(311)
<PAGE>
35
ANNUAL REPORT OF GPU SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XVIII
NOTES TO STATEMENT OF INCOME
INSTRUCTIONS: The space below is provided for important notes regarding the
statement of income or any account thereof. Furnish particulars
as to any significant increase in services rendered or expenses
incurred during the year. Notes relating to financial statements
shown elsewhere in this report may be indicated here by reference.
NONE
<PAGE>
36
ANNUAL REPORT OF GPU SERVICE CORPORATION
ORGANIZATION CHART
-------------------------------------------------------
| BOARD OF DIRECTORS |
| Chairman, President & CEO |
|-----------------------------------------------------|
| Executive Vice President & |
| General Counsel |
|--------------------------------------------|
| | Corporate Secretary |
| |---------------------------------------|
| | Legal |
| |---------------------------------------|
| | V.P. Government Affairs |
| |---------------------------------------|
| Executive Vice President & |
| Chief Financial Officer |
|--------------------------------------------|
| | Vice President & Treasurer |
| |---------------------------------------|
| | V.P. Strategic Planning |
| |---------------------------------------|
| | Sr. V.P. Financial Controls |
| |---------------------------------------|
| | Asst. Compt. - Accounting & |
| | Payroll |
| |-----------------------------------|
| | Asst. Compt. - Corporate Tax |
| |-----------------------------------|
| | Asst. Compt. - Business Planning |
| |-----------------------------------|
| Executive V.P. - Power Supply Group |
|--------------------------------------------|
| | V.P. System Operations |
| |---------------------------------------|
| | V.P. GPU/DQE Transmission Projects |
| |---------------------------------------|
| | V.P. System Planning |
| |---------------------------------------|
| Sr. V.P. System Services |
|--------------------------------------------|
| | V.P. Materials and Services |
| |---------------------------------------|
| | V.P. Information Services |
|--------------------------------------------|
| V.P. Internal Auditing |
|--------------------------------------------|
| V.P. Human Resources |
|--------------------------------------------|
| V.P. Communications |
|---------------------------------------------
<PAGE>
37
ANNUAL REPORT OF GPU SERVICE CORPORATION
METHODS OF ALLOCATION
1. Multiple Factor:
The average of the following three factors:
A. Gross Distribution Plant at Year-End
B. Energy Sales (MWH) to Ultimate Customers
C. O & M Expense, Excluding Purchased Power
2. Size Factor:
Forecasted capacity responsibility for the
planning period, June - May.
3. Conventional Steam Capacity:
Installed capacity at year-end (MW)
4. Nuclear Steam Capacity:
Installed capacity at year-end (MW)
5. Combustion Turbine Capacity:
Installed capacity at year-end (MW)
6. Three (3) Factor:
Multiple Factor billed to Jersey Central Power & Light Company, Pennsylvania
Electric Company, and Metropolitan Edison Company.
7. Direct Allocation Method
Each Division/Function is assigned one of the above factors for allocating
indirect costs to groups of associated companies. The allocation factor is
based upon each Division/Function's type of work and is reviewed annually.
<PAGE>
38
ANNUAL REPORT OF GPU SERVICE CORPORATION
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
NONE
<PAGE>
39
ANNUAL REPORT OF GPU SERVICE CORPORATION
VENTURE DISCLOSURES
LICENSING OF COMPUTER PROGRAMS TO NONASSOCIATE COMPANIES
Pursuant to the provisions contained in the Securities and Exchange
Commission (SEC) Order dated August 29, 1990 for SEC File No. 70-7675, GPU
Service Corporation received revenues during 1993 from Delmarva Power & Light
Company, a nonassociate company, for the licensing of the "Name/Address
Formatter" Software. These revenues are shown separately on page 22 of this
report.
LEASING OF RESERVE COMPUTER CAPACITY
Pursuant to the provisions contained in the Securities and Exchange
Commission (SEC) Order dated November 17, 1991 for SEC File No. 70-7841, GPU
Service Corporation received reserve computer capacity revenues during 1993
from Boscov's Department Stores, Inc. for inventory statement printing
services. GPUSC also received revenues from UGI Corporation for mailing
services and from the Reading Tube Corporation for training services. All of
these revenues from nonassociate companies are shown separately on page 22 of
this report.
LICENSING OF AUTOMATED MATERIALS MANAGEMENT SYSTEM (AMMS)
COMPUTER PROGRAMS TO NONASSOCIATE COMPANIES
Pursuant to the provisions contained in the Securities and Exchange
Commission (SEC) Order dated December 3, 1991 for SEC File No. 70-7871, GPU
Service Corporation received AMMS licensing revenues during 1993 from Utility
Resources, Inc., a nonassociate company. GPU Service Corporation also
received in AMMS consulting revenues during 1993 from Energy Management
Associates, a nonassociate company. These revenues are shown separately on
page 22 of this report.
<PAGE>
ANNUAL REPORT OF GPU SERVICE CORPORATION
SIGNATURE CLAUSE
Pursuant to the requirements of the Public
Utility Holding Company Act of 1935 and the rules
and regulations of the Securities and Exchange
Commission issued thereunder, the undersigned
Company has duly caused this report to be signed
on its behalf by the undersigned officer thereunto
duly authorized.
GPU SERVICE CORPORATION
(Name of Reporting Company)
By:
(Signature of Signing Officer)
P. R. Chatman, Assistant Comptroller
(Printed Name and Title of Signing Officer)
Date: April 27, 1994
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