SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-6B-2
Certificate of Notification
Certificate is filed by:
Pennsylvania Electric Company (the "Company")
C/O GPU Service, Inc.
310 Madison Avenue
Morristown, New Jersey 07962-1957
Filed by a registered holding company or subsidiary thereof pursuant to
Rule 20-(d) or 47 adopted under the Public Utility Holding Company Act of 1935.
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 48.
1. Type of security or securities: Medium Term Notes Series E due
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August 1, 2005 ("Tranche 5 Notes"), Medium Term Notes Series E
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due August 2, 2010 ("Tranche 6 Notes") (Tranche 5 Notes and
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Tranche 6 Notes, collectively, the "Notes").
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2. Issue, renewal or guaranty: Issue.
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3. Principal amount of each security: $33,000,000 for the Tranche 5
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Notes, $35,000,000 for the Tranche 6 Notes.
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4. Rate of interest per annum of each security: The interest rate
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for the Tranche 5 Notes is 7.50%, accruing commencing August 4,
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2000. The interest rate for the Tranche 6 Notes is 7.77%,
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accruing commencing August 4, 2000.
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5. Date of issue, renewal or guaranty of each security:
August 4, 2000 for all of the Notes.
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6. If renewal of security, give date of original issue:
Not applicable.
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7. Date of maturity of each security: August 1, 2005 for the
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Tranche 5 Notes; August 2, 2010 for the Tranche 6 Notes.
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8. Name of the person to whom each security was issued, renewed or
guaranteed: (i) $25,000,000 in principal amount of the Tranche 5
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Notes were sold to Banc of
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America Securities LLC and $8,000,000 in principal amount of the
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Tranche 5 Notes were sold through Salomon Smith Barney Inc.
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acting as agent pursuant to the terms of the Selling Agency
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Agreement, as amended, dated July 30, 1999, among the Company and
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Salomon Smith Barney Inc. and Banc of America Securities LLC (the
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"Selling Agency Agreement"), and (ii) $35,000,000 in principal
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amount of the Tranche 6 Notes are being sold through Salomon
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Smith Barney acting as agent pursuant to the terms of the Selling
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Agency Agreement.
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9. Collateral given with each security, if any: None.
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10. Consideration received for each security: $32,835,000 for the
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Tranche 5 Notes; $34,781,250 for the Tranche 6 Notes.
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11. Application of proceeds of each security: Repayment of
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outstanding short term indebtedness.
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12. Indicate by an "X" 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 48: X -
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: Not applicable.
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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: Not applicable.
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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 48, designate the rule under which exemption is claimed:
Rule 52.
[Signature on following page.]
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Date: August 14, 2000 PENNSYLVANIA ELECTRIC COMPANY
By: /s/ T.G. Howson
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Name: T.G. Howson
Title: Vice President and Treasurer
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