Rule 424(b)(3)
File Nos. 333-62295
333-62295-01
333-62295-02
PRICING SUPPLEMENT NO. 1 DATED April 6, 2000
(to Prospectus dated July 30, 1999
and Prospectus Supplement dated July 30, 1999)
PENNSYLVANIA ELECTRIC COMPANY
Medium Term Notes, Series E, Tranche 1
Trade Date: April 6, 2000
Principal Amount: $25,000,000
Original Issue Date: April 11, 2000
Maturity Date: April 11, 2002
Interest Rate: Floating Rate
Interest Rate Basis: 3 month LIBOR
Telerate page: 3750
Spread (+/-): +.15%
Initial Interest Rate: 6.42125%
Initial Interest Reset Date: July 7, 2000
Interest Reset Dates: Two Business Days
before each payment date
Index Maturity: 90 Days
Interest Payment Dates: January 11, April 11, July 11 and October 11,
commencing July 11, 2000
The record date for payment on the Notes will be
the Business Day immediately preceding the next
Interest Payment Date.
Any payment required to be made in respect of a
Note on a date that is not a Business Day for such
Note need not be made on such date, but may be
made on the next succeeding Business Day with the
same force and effect as if made on such date, and
no additional interest shall accrue as a result of
such delayed amount.
Additional Terms: The Notes are being sold through Banc of
America
Securities LLC acting as agent for the
Company.
Banc of America Securities LLC is not acting as
principal.
Agents' Discounts or
Commissions: $62,500
Net Proceeds to Company $24,937,500
