Post-Effective
Amendment No. 10 to
SEC File No. 70-6903
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-l
APPLICATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ("Act")
Jersey Central Power & Light Company ("JCP&L")
2800 Pottsville Pike
Reading, Pennsylvania 19605
(Name of company filing this statement and address
of principal executive office)
GPU, INC. ("GPU")
(Name of top registered holding company parent of applicant)
Terrance G. Howson, Douglas E. Davidson, Esq.
Vice President and Treasurer Berlack, Israels & Liberman LLP
Scott Guibord, Secretary 120 West 45th Street
Michael J. Connolly, Esq. New York, New York 10036
Vice President - Law
GPU Service, Inc.
300 Madison Avenue
Morristown, New Jersey 07962
(Names and addresses of agents for service)
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JCP&L hereby post-effectively amends its Application on Form U-1,
docketed in SEC File No. 70-6903, as follows:
1. By amending the first sentence of paragraph D to read as follows:
Consequently, by this post-effective amendment, JCP&L requests
authorization to extend, until March 31, 2005, the time during which
it may acquire such customer obligations (up to the aforesaid amount
of $15 million) and incur administrative and other related expenses
(up to the aforesaid aggregate amount of $750,000).
2. By filing the following exhibit in Item 6 thereof:
F - Opinion of Berlack, Israels & Liberman LLP.
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SIGNATURE
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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.
Date: October 22, 1999
Jersey Central Power & Light Company
By: /s/ T. G. Howson
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T. G. Howson
Vice President and Treasurer
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EXHIBIT TO BE FILED BY EDGAR
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Exhibit:
F - Opinion of Berlack, Israels & Liberman LLP.
Exhibit F
October 22, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Jersey Central Power & Light Company -
Application on Form U-1
SEC File No. 70-6903
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Ladies and Gentlemen:
We have examined Post-Effective Amendment No. 9, dated September 15,
1999 to the Application on Form U-1, dated September 19, 1983 as amended, under
the Public Utility Holding Company Act of 1935 (the "Act"), filed by Jersey
Central Power & Light Company ("JCP&L"), with the Securities and Exchange
Commission and docketed in SEC File No. 70-6903, as amended by Post-Effective
Amendment Nos. 1, 2, 3, 4, 5, 6, 7, 8 and 9 thereto, and as to be further
amended by Post-Effective Amendment No. 10, 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 contemplates, among other things, the acquisition by
JCP&L, from time to time through March 31, 2005, 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. In addition, the Application contemplates that JCP&L will incur up to
$750,000 of associated administrative and related expenses.
We have been counsel to GPU and its subsidiaries for many years. In
such capacity we have participated in various proceedings relating to the
issuance of securities by GPU and its subsidiaries, and we are familiar with the
terms of the outstanding securities of the corporations comprising the GPU
holding company system.
We are members of the Bar of the States of New York and New Jersey
and do not purport to be expert on the laws of any
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jurisdiction other than the laws of the States of New York and New Jersey and
the federal laws of the United States. We 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, the Application and the Orders of your Commission
dated November 16, 1983, November 19, 1984, June 28, 1985, July 30, 1985, June
27, 1986, January 17, 1990 and October 24, 1994 permitting this Application to
become effective. We have also examined copies, signed, certified or otherwise
proven to our satisfaction, of the Restated Certificate of Incorporation and
By-laws of JCP&L, each as amended. We have also examined such other documents
and made such further investigation as we have deemed advisable as a basis for
this opinion.
The opinions expressed herein are limited to matters governed by the
laws of the States of New York and New Jersey and the federal laws of the United
States.
Based upon the foregoing, and assuming that the transactions therein
proposed are carried out in accordance with the Application, we are of the
opinion that when the Commission shall have entered an order forthwith
permitting the Application, as amended, to become effective,
(a) all laws of the State of New Jersey applicable to the
proposed transactions will have been complied with;
(b) JCP&L will legally acquire the obligations of its
customers as contemplated in the Application; and
(c) the consummation of the proposed transactions will not
violate the legal rights of the holders of any securities issued by JCP&L or any
"associate company" thereof, as defined in the Act.
We 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,
BERLACK, ISRAELS & LIBERMAN LLP
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