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 of
earliest event reported):                 September 23, 1998



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) 455-8200


1-446           Metropolitan Edison Company                     23-0870160
                (a Pennsylvania corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19605
                Telephone (610) 929-3601


1-3522          Pennsylvania Electric Company                   25-0718085
                (a Pennsylvania corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19605
                Telephone (610) 929-3601



<PAGE>





ITEM 5.     OTHER EVENTS.
            -------------
      As previously  reported,  on June 30, 1998 the Pennsylvania Public Utility
Commission  ("PaPUC") issued orders in the  restructuring  proceeding  involving
Metropolitan  Edition  Company  ("Met-Ed")  and  Pennsylvania  Electric  Company
("Penelec"). Met-Ed and Penelec subsequently filed appeals from such orders with
the  Pennsylvania  Commonwealth  Court and a  complaint  with the United  States
District  Court  challenging  the  orders on  various  constitutional  and other
grounds.

      On September 23, 1998, Met-Ed, Penelec, the PaPUC and other parties to the
restructuring  proceedings  entered into  Settlement  Agreements  resolving  all
issues between the parties.  On September 24, 1998, the PaPUC issued a Tentative
Order approving the Settlement Agreements. The Settlement Agreements provide:


-     A Transmission & Distribution  tariff rate which provides adequate funding
      for  maintaining  the  reliability  of the  Met-Ed  and  Penelec  electric
      distribution systems;


-     A rate reduction  from January 1, 1999 through  December 31, 1999, for all
      customers whether they shop for electricity or not (2.5 percent for Met-Ed
      customers and 3.0 percent for Penelec customers);


-     The ability of all customers to participate in electric  choice on January
      1,  1999  --  two  years  sooner  than  called  for  in  the  Pennsylvania
      Electricity Competition Act;


-     A greater  opportunity for savings than the original PaPUC orders provided
      for  customers  who  shop.  (Customers  will  receive  a higher  "price to
      compare"  or  "shopping  credit."  Customers  will save  money if they buy
      electricity  from  another  supplier  that  charges less than the price to
      compare.  The  average  price to compare  in 1999 will be 4.350  cents per
      kilowatt-hour  for Met-Ed,  or 16 percent higher than the PaPUC's original
      order, and 4.404 cents per kilowatt-hour for Penelec, or 18 percent higher
      than the PaPUC's original order.  Actual prices will vary by customer rate
      class);


-     Adequate   assurance  of  full  recovery  of  the  above-market  costs  of
      government-mandated   contracts  to  buy  electricity   from   non-utility
      generators  (Beginning in 2005, the amount  collected  would be "trued up"
      for every five years over the lives of the contracts);


-     A rate  cap  for the  cost of  delivering  electricity  (transmission  and
      distribution) until 2004,  three-and-one-half years longer than the period
      called for in the Competition Act (with the exception of a pending federal
      order requiring a transmission rate increase in Pennsylvania);

<PAGE>



-     A rate cap for electricity purchased from GPU Energy, as provider of
      last resort, until 2010;


-     PaPUC approval for Met-Ed and Penelec to sell their generating stations;


-     Recovery of $658.14 million in stranded costs for Met-Ed over 12 years and
      $332.16 million for Penelec for over 11 years.  (These amounts reflect the
      effects of using the  estimated  net  proceeds  from  selling GPU Energy's
      generating  plants to reduce  stranded  costs and will be  adjusted by the
      actual amounts resulting from selling the plants.);


-     $2.7 million assistance in 1999 for low-income customers of Met-Ed and
      $3.4 million assistance in 1999 for low-income Penelec customers;


-     A sustainable  energy fund to promote the development and use of renewable
      energy and clean energy  technologies  with  one-time  payments in 1998 of
      $5.7 million for Met-Ed and of $6.4 million from Penelec customers;


-     The ability of some customers who shop to choose another licensed supplier
      to provide  metering  services  beginning  January 1,  1999,  and  billing
      services beginning January 1, 2000; and


-     A phase-in of  competitive  bidding  beginning no later than June 1, 2000,
      for other suppliers to be the "provider of last resort" for customers.


      In its  Tentative  Order,  the PaPUC  directed  that  parties  may  submit
comments to the terms of the  Settlement  Agreements by October 8, 1998.  Met-Ed
and Penelec expect the PaPUC to take final action on the  Settlement  Agreements
on October 16, 1998. As a result of the Settlement  Agreements,  the majority of
GPU's second quarter non-recurring charge of $2.16 per share will be reversed in
the third quarter.  In addition,  charges to account for specific effects of the
Settlement  Agreements  related to customer refunds and  environmental  payments
will also be  recorded in the third  quarter.  The net effect of all these items
will amount to a charge to year-to-date earnings of approximately $0.36 to $0.42
per share.  Details will be included  when results are  announced  for the third
quarter.  Met-Ed  and  Penelec  will  also  request  dismissal  of  the  pending
Commonwealth  Court and U.S.  District Court  litigation in accordance  with the
Settlement Agreement.

      A copy of GPU's  related  news  release  and the  PaPUC's  order  granting
tentative approval to the Settlement Agreements are attached as exhibits.



<PAGE>


Item 7.     Financial Statements, Pro Forma Financial Information and
Exhibits.

      (c)   Exhibits

            1. GPU Energy News Release, dated September 24, 1998.

            2. PaPUC Tentative Order, dated September 24, 1998.



<PAGE>


                                    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
                                 ---------------------
                                T. G. Howson, Vice President
                                and Treasurer


Date:   October 2, 1998
[{"type": "8-K", "sequence": "1", "description": "8K CO-REGISTRANT", "secsgml_size_bytes": 7586}]
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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 of
earliest event reported):                 September 23, 1998

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) 455-8200

1-446           Metropolitan Edison Company                     23-0870160
                (a Pennsylvania corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19605
                Telephone (610) 929-3601

1-3522          Pennsylvania Electric Company                   25-0718085
                (a Pennsylvania corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19605
                Telephone (610) 929-3601
ITEM 5.     OTHER EVENTS.
            -------------
      As previously  reported,  on June 30, 1998 the Pennsylvania Public Utility
Commission  ("PaPUC") issued orders in the  restructuring  proceeding  involving
Metropolitan  Edition  Company  ("Met-Ed")  and  Pennsylvania  Electric  Company
("Penelec"). Met-Ed and Penelec subsequently filed appeals from such orders with
the  Pennsylvania  Commonwealth  Court and a  complaint  with the United  States
District  Court  challenging  the  orders on  various  constitutional  and other
grounds.

      On September 23, 1998, Met-Ed, Penelec, the PaPUC and other parties to the
restructuring  proceedings  entered into  Settlement  Agreements  resolving  all
issues between the parties.  On September 24, 1998, the PaPUC issued a Tentative
Order approving the Settlement Agreements. The Settlement Agreements provide:

-     A Transmission & Distribution  tariff rate which provides adequate funding
      for  maintaining  the  reliability  of the  Met-Ed  and  Penelec  electric
      distribution systems;

-     A rate reduction  from January 1, 1999 through  December 31, 1999, for all
      customers whether they shop for electricity or not (2.5 percent for Met-Ed
      customers and 3.0 percent for Penelec customers);

-     The ability of all customers to participate in electric  choice on January
      1,  1999  --  two  years  sooner  than  called  for  in  the  Pennsylvania
      Electricity Competition Act;

-     A greater  opportunity for savings than the original PaPUC orders provided
      for  customers  who  shop.  (Customers  will  receive  a higher  "price to
      compare"  or  "shopping  credit."  Customers  will save  money if they buy
      electricity  from  another  supplier  that  charges less than the price to
      compare.  The  average  price to compare  in 1999 will be 4.350  cents per
      kilowatt-hour  for Met-Ed,  or 16 percent higher than the PaPUC's original
      order, and 4.404 cents per kilowatt-hour for Penelec, or 18 percent higher
      than the PaPUC's original order.  Actual prices will vary by customer rate
      class);

-     Adequate   assurance  of  full  recovery  of  the  above-market  costs  of
      government-mandated   contracts  to  buy  electricity   from   non-utility
      generators  (Beginning in 2005, the amount  collected  would be "trued up"
      for every five years over the lives of the contracts);

-     A rate  cap  for the  cost of  delivering  electricity  (transmission  and
      distribution) until 2004,  three-and-one-half years longer than the period
      called for in the Competition Act (with the exception of a pending federal
      order requiring a transmission rate increase in Pennsylvania);
-     A rate cap for electricity purchased from GPU Energy, as provider of
      last resort, until 2010;

-     PaPUC approval for Met-Ed and Penelec to sell their generating stations;

-     Recovery of $658.14 million in stranded costs for Met-Ed over 12 years and
      $332.16 million for Penelec for over 11 years.  (These amounts reflect the
      effects of using the  estimated  net  proceeds  from  selling GPU Energy's
      generating  plants to reduce  stranded  costs and will be  adjusted by the
      actual amounts resulting from selling the plants.);

-     $2.7 million assistance in 1999 for low-income customers of Met-Ed and
      $3.4 million assistance in 1999 for low-income Penelec customers;

-     A sustainable  energy fund to promote the development and use of renewable
      energy and clean energy  technologies  with  one-time  payments in 1998 of
      $5.7 million for Met-Ed and of $6.4 million from Penelec customers;

-     The ability of some customers who shop to choose another licensed supplier
      to provide  metering  services  beginning  January 1,  1999,  and  billing
      services beginning January 1, 2000; and

-     A phase-in of  competitive  bidding  beginning no later than June 1, 2000,
      for other suppliers to be the "provider of last resort" for customers.

      In its  Tentative  Order,  the PaPUC  directed  that  parties  may  submit
comments to the terms of the  Settlement  Agreements by October 8, 1998.  Met-Ed
and Penelec expect the PaPUC to take final action on the  Settlement  Agreements
on October 16, 1998. As a result of the Settlement  Agreements,  the majority of
GPU's second quarter non-recurring charge of $2.16 per share will be reversed in
the third quarter.  In addition,  charges to account for specific effects of the
Settlement  Agreements  related to customer refunds and  environmental  payments
will also be  recorded in the third  quarter.  The net effect of all these items
will amount to a charge to year-to-date earnings of approximately $0.36 to $0.42
per share.  Details will be included  when results are  announced  for the third
quarter.  Met-Ed  and  Penelec  will  also  request  dismissal  of  the  pending
Commonwealth  Court and U.S.  District Court  litigation in accordance  with the
Settlement Agreement.

      A copy of GPU's  related  news  release  and the  PaPUC's  order  granting
tentative approval to the Settlement Agreements are attached as exhibits.
Item 7.     Financial Statements, Pro Forma Financial Information and
Exhibits.

      (c)   Exhibits

            1. GPU Energy News Release, dated September 24, 1998.

            2. PaPUC Tentative Order, dated September 24, 1998.
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
                                 ---------------------
                                T. G. Howson, Vice President
                                and Treasurer

Date:   October 2, 1998