Exhibit 1 (GPU News Release Letterhead) Further Information: John T. Fidler (201) 263-6479 For release: Immediately Date: July 11, 1994 94-010 GPU REACTS TO PENNSYLVANIA COURT DECISION Parsippany, N.J. -- General Public Utilities Corporation (NYSE:GPU) is reviewing an order by the Pennsylvania Commonwealth Court that reverses a 1993 Pennsylvania Public Utility Commission order allowing GPU's Metropolitan Edison Company subsidiary to collect decommissioning costs of Three Mile Island Unit 2. "We are very disappointed by today's order," said James R. Leva, GPU chairman, president and chief executive officer. "As we said earlier this year, we will incur a substantial charge of between $110 and $120 million to income this year for our Voluntary Enhanced Retirement Program. In addition, we may see an impact, as a result of another Commonwealth Court decision involving a nonaffiliated utility, on Pennsylvania Electric Company, which may be required to write off an estimated $14 million of post-retirement benefit costs. "If these court decisions are not overturned, the effect of these three developments, particularly upon Met-Ed, will severely restrict the ability of our Pennsylvania subsidiaries to issue senior securities. As a result, we will be reviewing their spending plans for operations and construction for this year and next. We are studying all of these issues now," Leva said. The original PaPUC decision in the TMI-2 case, which was issued in January 1993, disallowed these decommissioning costs. At that time, GPU announced a pre-tax charge to income of approximately $171 million, allocated two-thirds to Met-Ed and one-third to Penelec, reflecting their 50 percent and 25 percent respective ownership interests in TMI-2. This charge to income was cancelled when the PaPUC reversed its prior order in March 1993. It was that order which was overturned by the Court today. Jersey Central has been permitted by the N.J. Board of Public Utilities to recover its share of the estimated TMI-2 decommissioning costs from its customers. Jersey Central is not affected by these actions today. Met-Ed has not decided whether to appeal today's Commonwealth Court ruling. "We are studying it carefully to determine our next course of action," Leva said.