SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of
earliest event reported): January 24, 2001
Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
- ----------- ----------------------------------- ------------------
1-6047 GPU, Inc. 13-5516989
(a Pennsylvania corporation)
300 Madison Avenue
Morristown, New Jersey 07962-1911
Telephone (973) 401-8200
1-446 Metropolitan Edison Company 23-0870160
(a Pennsylvania corporation)
2800 Pottsville Pike
Reading, Pennsylvania 19640-0001
Telephone (610) 929-3601
1-3522 Pennsylvania Electric Company 25-0718085
(a Pennsylvania corporation)
2800 Pottsville Pike
Reading, Pennsylvania 19640-0001
Telephone (610) 929-3601
ITEM 5. OTHER EVENTS.
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As previously reported, on January 19, 2001 a Pennsylvania Public Utility
Commission ("PaPUC") Administrative Law Judge ("ALJ") ruled on petitions filed
on November 29, 2000 by Metropolitan Edison Company ("Met-Ed") and Pennsylvania
Electric Company ("Penelec"), subsidiaries of GPU, Inc., seeking authorization
to defer for future recovery through customer rates, the actual costs for energy
which they are incurring in excess of their current generation charges to
customers. The ALJ stated in his ruling that while Met-Ed and Penelec should be
offered some type of relief, he agreed with motions made by intervenors in the
proceeding to dismiss the petition as a matter of law. However, the ALJ
certified the question of whether the petition should be dismissed to the PaPUC
for consideration.
On January 24, 2001, the PaPUC voted to defer action on the petition and
consolidate Met-Ed's and Penelec's request with their pending application to
merge with FirstEnergy Corp. In his motion adopted by the PaPUC, Chairman Quain
stated that deferring action on the petitions would give Met-Ed and Penelec
additional time to attempt to establish that they meet the conditions under
which the PaPUC could consider granting them exceptions to the rate cap
provisions of the Pennsylvania restructuring law and the companies' related
settlement agreement.
SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANTS HAVE DULY CAUSED THIS REPORT TO BE SIGNED ON THEIR BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.
GPU, INC.
METROPOLITAN EDISON COMPANY
PENNSYLVANIA ELECTRIC COMPANY
By: /s/ T. G. Howson
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T. G. Howson, Vice President
and Treasurer
Date: January 26, 2001