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 PENNSYLVANIA ELECTRIC 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, Secured Medium-Term Notes, Series D (the
"Notes")
2. Issue, renewal or guaranty (indicate nature of transaction by
_____). Issue
3. Principal amount of each security. $40,000,000
4. Rate of interest per annum of each security. 8.38%
5. Date of issue, renewal or guaranty of each security. June 1, 1994
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.") June 3, 2024
8. Name of the person to whom each security was issued, renewed or
guaranteed. $40,000,000 aggregate principal amount of Notes was
sold to purchasers pursuant to the terms of a Selling Agency
Agreement dated June 30, 1993 between the Company and Smith Barney,
Harris Upham & Co. Incorporated and Merrill Lynch & Co.
9. Collateral given with each security, if any. The Notes were issued
pursuant to the Mortgage and Deed of Trust, dated as of January 1,
1942, between the Company and Bankers Trust Company, 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. $30,000,000
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.) General corporate purposes
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
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(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.)
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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.
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
PENNSYLVANIA ELECTRIC COMPANY
Date June 13, 1994 By: ______________________________
Don W. Myers
Vice President & Treasurer
________________________________
* If reporting for more than one security each security may be
identified by symbol, which symbol should be used for each subsequent
item. If more convenient, information may be supplied by tabular
statement using the serial arrangement of this form.
** 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.
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