Post-Effective Amendment No. 8
To
SEC File No. 70-6903
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-1
APPLICATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
JERSEY CENTRAL POWER & LIGHT COMPANY ("JCP&L")
300 Madison Avenue, Morristown, N.J. 07962-1911
(Name of company filing this statement
and address of
principal executive office)
Terrance G. Howson, Treasurer Douglas E. Davidson, Esq.
c/o GPU Service Corporation Berlack, Israels & Liberman
100 Interpace Parkway 120 West 45th Street
Parsippany, NJ 07054 New York, New York 10036
Richard S. Cohen, Esq.
Secretary & Corporate Counsel
Jersey Central Power & Light Company
300 Madison Avenue
Morristown, NJ 07962-1911
(Names and addresses of agents for service)<PAGE>
JCP&L hereby amends to its Application on Form U-1 as
heretofore amended, docketed in SEC File No. 70-6903, as follows:
1. By filing the following exhibit in Item 6 thereof
F-1(b) - Opinion of Richard S. Cohen, Esq.<PAGE>
SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING
COMPANY ACT OF 1935, THE UNDERSIGNED COMPANY HAS DULY CAUSED THIS
STATEMENT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED THEREUNTO
DULY AUTHORIZED.
JERSEY CENTRAL POWER & LIGHT COMPANY
By:___________________________________
T. G. Howson
Vice President and Treasurer
Date: November 1, 1994<PAGE>
EXHIBIT TO BE FILED BY EDGAR
Exhibit
F-1(b) - Opinion of Richard S. Cohen, Esq.<PAGE>
Exhibit F-1(b)
(Letterhead of Jersey Central Power and Light Co.)
November 1, 1994
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Jersey Central Power & Light Company
SEC File No. 70-6903
Dear Sirs:
I am Corporate Counsel of Jersey Central Power & Light
Company ("JCP&L"), and have examined the Application on Form U-1,
dated September 19, 1983, under the Public Utility Holding
Company Act of 1935 (the "Act"), filed by JCP&L with the
Securities and Exchange Commission (the "Commission"), and
docketed by the Commission in SEC File No. 70-6903, as amended by
Amendment No. 1 and Post-Effective Amendments Nos. 1, 2, 3, 4, 5,
6 and 7 thereto, and as to be further amended by Post-Effective
Amendment No. 8 thereto, dated this date, of which this opinion
is to be a part. (The Application, as so amended and as thus to
be amended, is hereinafter referred to as the "Application").
The Application now contemplates, among other things, the
acquisition by JCP&L, from time to time through December 31,
1999, of up to $15 million of obligations of certain of its
residential electric heating customers arising from such
customers' purchases of insulation and certain other energy-
saving products. The acquisition of such obligations is designed
to facilitate the financing of such energy-saving products and
thereby promotes conservation. In addition, the Application
contemplates that JCP&L will incur up to $750,000 of associated
administrative and related expenses.
I have participated in the various corporate and regulatory
proceedings involved in connection with the acquisition by JCP&L
of its residential customer obligations. I have examined, among
other things, the orders of the New Jersey Board of Public
Utilities, dated December 1, 1982 and August 3, 1983, which
orders mandated the implementation of the programs as described
in the Application, and the Application and the orders of your
Commission dated November 16, 1983, November 19, 1984, July 30,
1985, June 27, 1986 and January 17, 1990 permitting the
Application to become effective. I have also examined copies,
signed, certified or otherwise proven to my satisfaction, of the
Restated Certificate of Incorporation and By-laws of JCP&L, each
as amended, and of the resolutions of the Board of Directors of
JCP&L. I have also examined such other documents, and made such
further investigation as I have deemed advisable as a basis for<PAGE>
this opinion.
I have participated in various proceedings relating to the
issuance of securities by JCP&L, and am familiar with the terms
of the outstanding securities of JCP&L.
Based upon the foregoing, and assuming that the transactions
therein proposed are carried out in accordance with the
Application, and that the Commission shall have entered an order
permitting the Application, as amended, to become effective, I am
of the opinion that:
1. all laws of the State of New Jersey
applicable to the transactions will have been
complied with;
2. JCP&L will legally acquire the obligations of
its customers as contemplated in the
Application; and
3. the consummation of the proposed transactions
will not violate the legal rights of the
holders of any securities issued by JCP&L.
I hereby consent to the filing of this opinion as an exhibit
to the Application and in any proceedings before the Commission
that may be held in connection therewith.
Very truly yours,
Richard S. Cohen<PAGE>
