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 20-(d) or 47 adopted under the Public Utility Holding Company Act of 1935
Certificate is filed by PENNSYLVANIA ELECTRIC COMPANY (the "Company")
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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 the security or securities* ("draft," "promissory note"). Medium
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Term Notes Series E due April 11, 2002 ("Tranche 1 Notes"), Medium Term
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Notes Series E due October 11, 2002 ("Tranche 2 Notes")(Tranche 1 Notes and
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Tranche 2 Notes, collectively, the "Notes")
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2. Issue, renewal or guaranty (indicate nature of transaction by -----). Issue
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3. Principal amount of each security. $25,000,000 for the Tranche 1 Notes,
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$25,000,000 for the Tranche 2 Notes
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4. Rate of interest per annum of each security. The Notes bear interest at an
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initial rate of 6.42125% for the Tranche 1 Notes and 6.47125% for the
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Tranche 2 Notes such rate to be reset two business days before each
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quarterly payment date at a rate equal to the 3 month LIBOR rate plus 15
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basis points for the Tranche 1 Notes and the 3 months LIBOR rate plus 20
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basis points for the Tranche 2 Notes
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5. Date of issue, renewal or guaranty of each security. April 11, 2000 for all
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of the Notes
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6. If renewal of security, give date of original issue. N/A
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7. Date of maturity of each security. (In the case of demand notes, indicate
"on demand.") April 11, 2002 for the Tranche 1 Notes, October 11, 2002 for
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the Tranche 2 Notes
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8. Name of the person to whom each security was issued, renewed or guaranteed.
$25,000,000 aggregate principal amount of Tranche 1 Notes and $25,000,000
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aggregate principal amount of Tranche 2 Notes were sold to purchasers
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pursuant to the terms of Selling Agency Agreement dated July 30, 1999 among
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the Company and Salomon Smith Barney Inc. and Banc of America Securities
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LLC
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9. Collateral given with each security, if any. None
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10. Consideration received for each security. $24,937,500 for the Tranche 1
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Notes; $24,937,500 for the Tranche 2 Notes
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* 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.
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11. Application of proceeds of each security. Repayment of outstanding short
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term indebtedness
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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
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
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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. N/A
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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
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PENNSYLVANIA ELECTRIC COMPANY
Date: April 19, 2000 By:/s/ T.G. Howson
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T.G. Howson
Vice President & Treasurer
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** 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.
