SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date earliest event reported) April 20, 1999
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PENNSYLVANIA ELECTRIC COMPANY
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(Exact Name of Registrant as Specified in Charter)
PENNSYLVANIA 1-3522 25-0718085
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
2800 Pottsville Pike, Reading, PA 19640-001
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (610)929-3601
Item 5. Other Events.
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On April 20, 1999, Pennsylvania Electric Company (the "Company") entered
into an Underwriting Agreement with Salomon Smith Barney Inc., ABN AMRO
Incorporated, J.P. Morgan Securities Inc., NationsBanc Montgomery Securities LLC
and Warburg Dillion Read LLC, as representatives of the several underwriters,
including themselves, named in Schedule II thereto (the "Underwriters"),
providing for the issuance and sale of $125,000,000 aggregate principal amount
of Senior Notes, 5.750% Series A due 2004; $100,000,000 aggregate principal
amount of Senior Notes, 6.125% Series B due 2009; and $125,000,000 aggregate
principal amount of Senior Notes, 6.625% Series C due 2019. Reference is made to
the Company's Prospectus dated April 20, 1999, for further information regarding
the offering, including the use of proceeds.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits
(1) Underwriting Agreement, dated April 20, 1999, between
Pennsylvania Electric Company and Salomon Smith Barney
Inc., ABN AMRO Incorporated, J.P Morgan Securities Inc.,
NationsBanc Montgomery Securities LLC and Warburg Dillion
Read LLC, as representatives.
SIGNATURES
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PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED HEREUNTO DULY AUTHORIZED.
Pennsylvania Electric Company
By: /s/ T. G. Howson
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T.G.Howson
Vice President and Treasurer
Date: April 26, 1999