Rule 424(b)(3)
File No. 33-49669
PRICING SUPPLEMENT NO. 4, DATED MAY 25, 1994
(To Prospectus dated June 25, 1993
and Prospectus Supplement dated June 30, 1993)
PENNSYLVANIA ELECTRIC COMPANY
Secured Medium-Term Notes, Series D
(A Series of First Mortgage Bonds)
Trade Date: May 23, 1994
Principal Amount: $40,000,000
Original Issue Date: June 1, 1994
Maturity Date: June 3, 2024
Issue Price: 100%
Interest Rate: 8.38%
Additional Terms: Redeemable, at par, under certain limited
circumstances, as described under
"Description of Securred Medium-Term Notes,
Series D --Redemption and Repurchase" in the
Prospectus Supplement dated June 30, 1993,
and at the option of Company, on or after
June 1, 2004 at the Regular Redemption Prices
set forth below:
(If redeemed during (If redeemed during
the twelve months Regular the twelve months Regular
beginning June 1) Redemption beginning June 1) Redemption
Year Price Year Price
2004 104.190% 2014 100.00%
2005 103.771 2015 100.00
2006 103.352 2016 100.00
2007 102.933 2017 100.00
2008 102.514 2018 100.00
2009 102.095 2019 100.00
2010 101.676 2020 100.00
2011 101.257 2021 100.00
2012 100.838 2022 100.00
2013 100.419 2023 100.00
2024 100.00
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Plan of Distribution: $25,000,000 of the principal amount of
the Notes has been sold to Merrill Lynch
& Co., Merrill Lynch, Pierce, Fenner &
Smith Incorporated, as principal, for
resale to purchasers upon terms
described in the Prospectus Supplement.
(See "Plan of Distribution of Notes" in
the Prospectus Supplement.)
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