SEC File No. 70-8369
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
CERTIFICATE PURSUANT TO
RULE 24
OF PARTIAL COMPLETION OF
TRANSACTIONS
GPU INTERNATIONAL, INC.
GPU, INC.<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________________________
:
In the Matter of :
:
GPU INTERNATIONAL, INC., :
GPU, INC., : Certificate Pursuant
: to Rule 24 of Partial
SEC File No. 70-8369 : Completion of
(Public Utility Holding Company Act : Transactions
of 1935) :
________________________________________:
TO THE MEMBERS OF THE SECURITIES AND EXCHANGE COMMISSION:
The undersigned, GPU International, Inc. ("GPU
International") (formerly Energy Initiatives, Inc.) and GPU, Inc.
("GPU")(formerly General Public Utilities Corporation), do hereby
certify, pursuant to Rule 24 of the General Rules and Regulations
under the Public Utility Holding Company Act of 1935, that
certain of the transactions proposed in the Application, as
amended, filed in SEC File No. 70-8369, have been carried out in
accordance with the terms and conditions of, and for the purposes
requested in, said Application and pursuant to the Commission's
Order dated May 17, 1994, and Supplemental Orders dated December
1, 1994 and September 15, 1995, with respect to said Application
as follows:
During the period July 1, 1996 through September 30,
1996, the following letters of credit were outstanding under the
Credit Agreement, dated as of December 12, 1994, among GPU
International, the banks named therein, and Citibank, N.A., as
Agent.
2<PAGE>
A. Letters of Credit. On February 26, 1996, a
letter of credit in the face amount of $30,000 was issued to
support a bid for a 500 MW coal-fired generating plant in Punjab
State, India. The letter of credit carries a fee equal to 1/2 of
1 percent per annum of the face amount, plus a .10 percent
fronting fee, and expires on May 26, 1997.
On December 8, 1995, a letter of credit in the face
amount of $1,788,850 was issued. The letter of credit carries a
fee equal to 1/2 of 1 percent per annum of the face amount, plus
a .10 percent fronting fee, and expires on December 8, 1996. The
purpose of the letter of credit is to support Polsky Energy
Corp's (PEC) commitment to construct a 236 MW cogeneration
facility pursuant to its power sales agreement with Wisconsin
Public Service Co. GPU International is the joint developer,
along with PEC, of this project.
B. Borrowings. There were no GPU International
borrowings outstanding during the period July 1, 1996 through
September 30, 1996.
3<PAGE>
SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE PUBLIC UTILITY HOLDING
COMPANY ACT OF 1935, THE UNDERSIGNED COMPANIES HAVE CAUSED THIS
STATEMENT TO BE SIGNED ON THEIR BEHALF BY THE UNDERSIGNED
THEREUNTO DULY AUTHORIZED.
GPU INTERNATIONAL, INC.
By: /s/ B. L. Levy
B. L. Levy, President
GPU, INC.
By: /s/ T. G. Howson
T. G. Howson, Vice President
and Treasurer
Dated: October 10, 1996<PAGE>
