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. $50,000,000
4. Rate of interest per annum of each security. The Notes bear interest at
an initial rate of 5.9875% such rate to be reset each July 1 and January
1, commencing July 1, 1997, at a rate equal to the LIBOR rate (Telerate)
(for 180 day deposits of U.S. dollars) plus +.05%, provided, however,
that such rate shall not exceed 18%.
5. Date of issue, renewal or guaranty of each security. June 13, 1997
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 14, 1999
8. Name of the person to whom each security was issued, renewed or
guaranteed. $50,000,000 aggregate principal amount of Notes was sold to
purchasers pursuant to the terms of a Selling Agency Agreement dated
June 30, 1993, as amended by letters dated September 20, 1995 and June
13, 1997, between the Company, Merrill Lynch & Co., Merrill Lynch,
Pierce, Fenner & Smith Incorporated, Salomon Brothers Inc and Smith
Barney Inc.
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,
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as amended and supplemented, between the Company and United States Trust
Company of New York, and are thus secured by a direct first lien on
substantially all of the Company's properties.
10. Consideration received for each security. $50,000,000
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.)
Repayment of outstanding short-term indebtedness
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: June 17, 1997 By:
T.G. Howson
Vice President & Treasurer
__________________________________________
* If a security had no principal amount of par value use the fair
market value as of date of issues of such security, and indicate
how determined.
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