Rule 424(b)(5) File No. 33-49669 PRICING SUPPLEMENT NO. 10, DATED OCTOBER 24, 1996 (To Prospectus dated June 25, 1993 and Prospectus Supplement dated September 22, 1995) PENNSYLVANIA ELECTRIC COMPANY Secured Medium-Term Notes, Series D (A Series of First Mortgage Bonds) Trade Date: October 23, 1996 Principal Amount: $20,000,000 Original Issue Date: October 28, 1996 Maturity Date: October 28, 2003 Issue Price: 100% Interest Rate: 7.02% Additional Terms: Redeemable, at par, under certain limited circumstances, as described under "Description of Secured Medium- Term Notes, Series D -- Redemption and Repurchase" in the Prospectus Supplement dated September 22, 1995. Agents' Discounts or Commissions: .600% Net Proceeds to Company: 99.400% Additional Information: Effective October 27, 1995, United States Trust Company of New York ("U.S. Trust") became trustee under the Company's Mortgage and Deed of Trust, dated as of January 1, 1942, as supplemented and amended, and Paying Agent for the Notes. All references to the Trustee, the Paying Agent or to Bankers Trust Company shall be deemed to refer to U.S. Trust, 114 West 47th Street, New York, NY 10036. Plan of Distribution: $10,000,000 of the principal amount of the Notes has been sold to Merrill Lynch & Co., as principal, for resale to purchasers upon the terms described in the Prospectus Supplement. (See "Plan of Distribution of Notes" in the Prospectus Supplement.)