PENNSYLVANIA ELECTRIC CO
U-6B-2, 1995-02-08
ELECTRIC SERVICES
Previous: PCA INTERNATIONAL INC, 8-K, 1995-02-08
Next: PFIZER INC, 8-K, 1995-02-08










                                  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.      $30,000,000


        4.   Rate of interest  per annum of each security.    7.875%


        5.   Date of  issue,  renewal  or  guaranty  of  each  security.
             February 7, 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.")     February 9, 1998


        8.   Name  of the person to whom each security was issued, renewed
             or  guaranteed.   $30,000,000  aggregate principal  amount of
             Notes  was  sold to  purchasers pursuant  to  the terms  of a
             Selling  Agency Agreement  dated  June 30,  1993 between  the<PAGE>
             Company and Smith Barney Inc. 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   <PAGE>





        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.

        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   February 8, 1995             By:/s/ T.G. Howson

                                               T.G. Howson
                                               Vice President & Treasurer




        ________________________________
        **   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>



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