AMENDMENT NO. 3 TO
SEC File No. 70-8393
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-1
APPLICATION
UNDER
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 ("Act")
GPU NUCLEAR CORPORATION ("GPUN")
One Upper Pond Road, Parsippany, N.J. 07054
(Name of company or companies filing this statement
and address of principal offices)
GENERAL PUBLIC UTILITIES CORPORATION ("GPU")
(Name of top registered holding company
parent of the applicant)
T. G. Howson, J. F. Wilson, Secretary
Vice President & Treasurer GPU Nuclear Corporation
M. A. Nalewako, Secretary One Upper Pond Road
General Public Utilities Corporation Parsippany, N.J. 07054
100 Interpace Parkway
Parsippany, N.J. 07054 M. J. Connolly, Esq.
GPU Service Corporation
100 Interpace Parkway
Parsippany, N.J. 07054
_________________________________________________________________
(Names and addresses of agents for service)<PAGE>
GPUN hereby amends its Application on Form U-1, as
heretofore amended, docketed to SEC File No. 70-8393 as follows:
1. By amending Item 1, paragraph E (iv) in its entirety as
follows:
"(iv) GPUN also proposes to license or lease to non-
affiliates the use of
(a) intellectual and proprietary property developed
and owned by GPUN (or owned and licensed to GPUN by
one or more of its affiliate companies) for use in
its normal business operations as a nuclear service
company for the GPU holding company system, (e.g.,
any process, program, technique, invention, computer
software, work of art, video, sound recording or
written work), including training manuals, materials
and processes in conjunction with or separate from
the Services described above.
Although GPUN does not anticipate that it will
license or lease the use of any intellectual property
developed by GPUSC, the GPU Operating Companies or
any other GPU subsidiary company, if GPUN should
license or lease the use of any such intellectual
property developed by another GPU subsidiary company
it will pay the following amounts to (or allocate and
credit to the account of) such company from the
proceeds of such license or lease: (1) 70% of the
revenues from the lease or license until the GPU
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subsidiary company that developed the intellectual
property recovers its programming and development
costs; and (2) 20% of such revenues thereafter; and
b) the reserve capacity of Laboratory or other
support facilities ("Reserve Capacity") developed and
maintained by GPUN for use in connection with its
normal business operations as such a nuclear service
company ("Licensing and Leasing Services")."
2. By amending Item 1, paragraph G in its entirety as follows:
"G. GPUN proposes that it be authorized through December
31, 1997 to enter into agreements, having terms not
in excess of 10 years, for the Services described
herein. Such agreements for the provision of the
Services will be negotiated and entered into with
non-affiliated parties on an arm's length basis.
Revenues received and expenses incurred in connection
with transactions in such Services will be accounted
for under the appropriate accounts as provided under
the Uniform System of Accounts."
3. By amending Item 1, paragraph H in its entirety as follows:
"H. GPUN does not anticipate making any material
increases in staff nor any material capital
investments to provide the Engineering and Technical
Services, the Management and Consulting Services, the
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Training and Education Services and the Licensing and
Leasing of intellectual and proprietary property or
of Reserve Capacity. Further, GPUN anticipates that
during the period from the granting of the authority
requested hereunder until December 31, 1997, the
aggregate annual revenues from and expenses
associated with the proposed transactions will not
exceed 5% of its annual total operating expenses. In
1993, GPUN's total operating expense was $421
million. In addition, the Licensing and Leasing of
the use of Reserve Capacity shall not exceed 50% of
the capacity available to GPUN for its normal
business operations within the GPU holding company
system."
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SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING
COMPANY ACT OF 1935, THE UNDERSIGNED COMPANY HAS DULY CAUSED THIS
AMENDMENT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED THEREUNTO
DULY AUTHORIZED.
GPU NUCLEAR CORPORATION
By:________________________________
T. G. Howson,
Vice President and Treasurer
Date: September 21, 1994<PAGE>
