Rule 424(b)(3)
File No. 33-49463
PRICING SUPPLEMENT NO. 1, DATED MARCH 17, 1995
(To Prospectus dated April 13, 1993
and Prospectus Supplement dated April 15, 1993)
JERSEY CENTRAL POWER & LIGHT COMPANY
Secured Medium-Term Notes, Series D
(A Series of First Mortgage Bonds)
Trade Date: March 16, 1995
Principal Amount: $50,000,000
Original Issue Date: March 23, 1995
Maturity Date: March 24, 2025
Issue Price: 100.00%
Interest Rate: 8.45%
Additional Terms: Redeemable as described under
"Redemption and Repurchase" in the
Prospectus Supplement dated April
15, 1993, and at the option of
Company, on or after March 23, 2005
at the Regular Redemption prices set
forth below:
(If redeemed during (If redeemed during
the twelve months Regular the twelve months Regular
beginning March 23,) Redemption beginning March 23,) Redemption
Year Price (%) Year Price (%)
2005 104.23% 2015 100.00%
2006 103.80% 2016 100.00%
2007 103.38% 2017 100.00%
2008 102.96% 2018 100.00%
2009 102.54% 2019 100.00%
2010 102.11% 2020 100.00%
2011 101.69% 2021 100.00%
2012 101.27% 2022 100.00%
2013 100.85% 2023 100.00%
2014 100.42% 2024 100.00%
2025 100.00%
Plan of Distribution: $37,000,000 of the principal amount
of the Notes has been sold to Morgan
Stanley & Co. Incorporated and
$13,000,000 of the principal amount
of the Notes has been sold to
<PAGE>
Goldman, Sachs & Co., each as
principal, for resale to purchasers
upon terms described in the
Prospectus Supplement. (See "Plan
of Distribution of Notes" in the
Prospectus Supplement.)
<PAGE>
