Rule 424(b)(3)
File No. 33-49669
PRICING SUPPLEMENT NO. 2, DATED JANUARY 19, 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: January 18, 1994
Principal Amount: $40,000,000
Original Issue Date: January 26, 1994
Maturity Date: January 26, 2006
Issue Price: 100%
Interest Rate: 6.35%
Additional Terms: The Notes are redeemable, at par, on or
after January 26, 2004. In addition,
the Notes are redeemable at par, under
certain limited circumstances. (See
"Description of Secured Medium-Term
Notes, Series D -- Redemption and
Repurchase" in the Prospectus
Supplement.)
Plan of Distribution: $32,000,000 of the principal amount of
the Notes has been sold to Merrill Lynch
& Co., 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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