POTOMAC EDISON CO
U-6B-2, 1995-05-22
ELECTRIC SERVICES
Previous: POTOMAC EDISON CO, S-3, 1995-05-22
Next: POTOMAC EDISON CO, U-6B-2, 1995-05-22



          U. S. SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549

                         Form U-6B-2
                 CERTIFICATE of NOTIFICATION

 Filed by a registered holding company or subsidiary company
thereof pursuant toRule 20(d) or 47 adopted under the Public Utility Holding 
Company Act of 1935

Certificate is filed by: THE POTOMAC EDISON 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 48.

1.    Type of the security or securities *   ("draft", "promissory
      note").

      First Mortgage Bonds

2.    Issue, renewal, or guaranty.  (Indicate nature of transaction
      by a check.)

      Issue

3.    Principal amount of each security.

      $65,000,000

4.    Rate of interest per annum of each security.

      7-3/4%

5.    Date of issue, renewal or guaranty of each security.

      May 12, 1995

6.    If renewal of security, give date of original issue.

      Not applicable

7.    Date of maturity of each security.  (In the case of demand
      notes, indicate "on demand.")

      May 1, 2025

________________________________________________________________

*     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.
<PAGE>
8.    Name of the person to whom each security was issued, renewed,
      or guaranteed.

      Goldman, Sachs & Co., Citicorp Securities, Inc., PaineWebber
      Incorporated, A. G. Edwards & Sons, Inc. and Pryor, McClendon,
      Counts & Co., Inc.

9.    Collateral given with each security, if any.

      First Mortgage on Company Property

10.   Consideration received for each security.

      $63,402,950 (97.543%)

11.   Application of proceeds of each security.

      Use to refund $65 million of high coupon debt due 2019.

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 the 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(e) of the Act granted
      by the first sentence of Section 6(b).)

      Not applicable

____________________________________________________


**    If a security had no principal amount or par value, use the
      fair market value as of the date of issue of such security and
      indicate how determined.
<PAGE>
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

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




                      THE POTOMAC EDISON COMPANY
                      (Name of the Company)




           By:     DALE F. ZIMMERMAN              Treasurer
                 (Name) Dale F. Zimmerman          (Title)


Date: May 22, 1995



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