Exhibit (c) 2 GPU News Release August 31, 2001 NJ ADMINISTRATIVE LAW JUDGE FORWARDS RECOMMENDATION IN GPU MERGER PROCEEDING Morristown, NJ - GPU, Inc. announced today that the administrative law judge (ALJ) hearing the case for the New Jersey Board of Public Utilities (BPU) has approved the Stipulation of Settlement (Settlement) reached by major parties in the merger proceeding. The Settlement addresses New Jersey regulatory conditions for consummating GPU's proposed merger with FirstEnergy Corp. of Akron, Ohio. The ALJ issued and has filed with the BPU for its consideration his recommended decision, finding the Settlement to be in the public interest. The BPU may adopt, reject or modify the ALJ's decision. GPU, Inc., headquartered in Morristown, NJ, is a registered public utility holding company providing utility and utility-related services to customers throughout the world. GPU serves 4.6 million customers directly through its electric companies -- GPU Energy in the US, GPU Power UK in England, and Emdersa in Argentina. It serves an additional 1.4 million customers indirectly through GPU GasNet, its gas transmission subsidiary in Australia. The company's independent power project business units own interests in and operate seven projects in five countries. GPU's 2000 revenues were $5.2 billion and its total assets were more than $19 billion. GPU's other subsidiaries include MYR Group Inc., GPU Advanced Resources, Inc., GPU Nuclear, Inc., GPU Service, Inc. GPU Telcom Services, Inc. and GPU Diversified Holdings LLC. (http://www.gpu.com) - ------------------------------------------------------------------------------ Contacts: News Media: Ron Morano 973-401-8097 Investors: Joanne Barbieri 973-401-8720