METROPOLITAN EDISON CO
U-6B-2, 1995-08-03
ELECTRIC SERVICES
Previous: METHODE ELECTRONICS INC, PRER14A, 1995-08-03
Next: MICHAELS J INC, PRE 14A, 1995-08-03









                          SECURITIES AND EXCHANGE COMMISSION

                                   Washington, D.C.

                                     FORM U-6B-2

                             Certificate of Notification


              Filed by  a registered holding company  or subsidiary thereof
          pursuant to Rule U-20-(d) [Reg. Section 250.20, paragraph 36,652]
          or U-47 [Reg. Section 250.47, paragraph 36,620] adopted under the
          Public Utility Holding Company Act of 1935

          Certificate is  filed by        METROPOLITAN EDISON  COMPANY (the
          "Company")                                                       


              This  certificate is notice that the  above named company has
          issued,  renewed  or  guaranteed   the  security  or   securities
          described herein  which issue,  renewal or guaranty  was exempted
          from the  provisions of Section  6(a) of the Act  and was neither
          the  subject  of a  declaration or  application  on Form  U-1 nor
          included within the exemption provided by Rule U-48 [Reg. Section
          250.48, paragraph 36,621].

          1.  Type  of  the  security or  securities  ("draft," "promissory
              note").  First Mortgage  Bonds, 6.10% Series A due  2021 (the
              "First Mortgage Bonds")   

          2.  Issue, renewal or guaranty (indicate nature of transaction by
              _____).   Issue 

          3.  Principal amount of each  security.     $28,500,000          


          4.  Rate of interest per annum of each security.    6.10%        


          5.  Date of issue, renewal or guaranty of each security. July 27,
              1995  

          6.  If renewal of security, give date of original issue.         


          7.  Date of  maturity of each security.   (In the  case of demand
              notes, indicate "on demand.")    July 15, 2021               


          8.  Name  of the person to whom each security was issued, renewed
              or  guaranteed.   $28,500,000  aggregate principal  amount of
              First Mortgage  Bonds were  delivered to United  States Trust
              Company of  New York, as  trustee, to evidence  the Company's
              obligation  to  repay a  loan  from  the Northhampton  County
              Industrial Development Authority (the "Authority") which loan
              was made with the  proceeds of the  sale of a like  principal<PAGE>





              amount  of the  Authority's 6.10%  Pollution Control  Revenue
              Refunding Bonds 1995 Series A (Metropolitan Edison Project).

          9.  Collateral  given  with each  security,  if any.    The First
              Mortgage Bonds were issued  pursuant to the Indenture between
              the  Company and IBJ  Schroder Bank and  Trust Company, dated
              November  1, 1944, as amended  and supplemented, and are thus
              secured  by a direct first  lien on substantially  all of the
              Company's properties.

          10. Consideration received for each security.   $28,500,000   

          11. Application  of proceeds of each security.  (Item 11 added by
              amendment  in Release  No.  7346, issued  April 10,  1947 and
              effective May 1,  1947.)  Provide moneys to pay  a portion of
              the  costs of  refunding  the Authority's  Pollution  Control
              Revenue  Bonds, 1985  Series A  (Metropolitan Edison  Company
              Project).

          12. Indicate  by a  check  after the  applicable statement  below
              whether the issue,  renewal or guaranty of  each security was
              exempt from the provisions of Section 6(a) because of

              (a)   the  provisions  contained  in the  first  sentence  of
                    Section 6(b),        
              (b)   the  provisions  contained in  the  fourth  sentence of
                    Section 6(b),       
              (c)   the provisions contained in  any rule of the Commission
                    other than Rule U-48    X   

              (If  reporting   for  more  than  one   security  insert  the
              identifying symbol after applicable statement.)

          13. If the security or securities were exempt from the provisions
              of  Section 6(a) by virtue  of the first  sentence of Section
              6(b),  give the figures  which indicate that  the security or
              securities   aggregate  (together   with   all   other   then
              outstanding  notes and drafts of a maturity of nine months or
              less, exclusive of days of grace, as to which such company is
              primarily or secondarily liable)  not more than 5  per centum
              of  the  principal  amount  and  par  value**  of  the  other
              securities of such company  then outstanding.  (Demand notes,
              regardless of how  long they may have been outstanding, shall
              be  considered as maturing in  not more than  nine months for
              purposes  of  the  exemption  from Section  6(a)  of  the Act
              granted by the first sentence of Section 6(b).     N.A.   

          14. If the security or securities  are exempt from the provisions
              of Section 6(a)  because of  the fourth  sentence of  Section
              6(b),  name  the security  outstanding  on  January 1,  1935,
              pursuant to  the terms  of which the  security or  securities
              herein described have been issued.     N.A.     

          ________________________________
          **   If a security  had no principal amount or  par value use the
          fair market  value as  of date of  issues of  such security,  and
          indicate how determined.<PAGE>







          15. If the  security or securities are exempt from the provisions
              of Section 6(a) because  of any rule of the  Commission other
              than  Rule  U-48  [Reg.  Section  250.48,  paragraph  36,621]
              designate the rule under which exemption is claimed.  Rule 52

                                             METROPOLITAN EDISON COMPANY



          Date:   August 3, 1995             By:/s/ T.G.  Howson           

                                                T.G. Howson           
                                                Vice President & Treasurer<PAGE>



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission