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):                 May 4, 2001



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) 401-8200

1-3141          Jersey Central Power & Light Company             21-0485010
                (a New Jersey corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19640-0001
                Telephone (610) 929-3601

1-446           Metropolitan Edison Company                      23-0870160
                (a Pennsylvania corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19640-0001
                Telephone (610) 929-3601

1-3522          Pennsylvania Electric Company                    25-0718085
                (a Pennsylvania corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19640-0001
                Telephone (610) 929-3601




<PAGE>


ITEM 5.  OTHER EVENTS.
         ------------

      As  previously  reported,  GPU,  Inc.  and its domestic  electric  utility
subsidiaries - Jersey Central Power & Light Company, Metropolitan Edison Company
and Pennsylvania  Electric Company  (collectively,  the "GPU Energy  companies")
reached an agreement in principle  with their  lenders to extend and amend their
revolving  credit agreement which was scheduled to expire by its terms on May 6,
2001.

      On May 4, 2001,  GPU,  Inc. and the GPU Energy  companies  entered into an
amended and  restated  credit  agreement  consistent  with the terms  previously
reported. The amended credit agreement, which expires by its terms no later than
October  31,  2001,  provides  for  committed  bank  borrowing  capacity of $314
million.  This, combined with other bilateral credit commitments of $27 million,
provides GPU, Inc. and the GPU Energy  companies  with  committed bank borrowing
capacity totaling $341 million.




<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.
                      JERSEY CENTRAL POWER & LIGHT COMPANY
                           METROPOLITAN EDISON COMPANY
                          PENNSYLVANIA ELECTRIC COMPANY



                              By: /s/ T. G. Howson
                                  -------------------------------
                                  T. G. Howson, Vice President
                                  and Treasurer


Date:   May 8, 2001
[{"type": "8-K", "sequence": "1", "filename": "gpu_8k-050801a.txt", "description": "8-K", "secsgml_size_bytes": 3386}]
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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):                 May 4, 2001

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) 401-8200

1-3141          Jersey Central Power & Light Company             21-0485010
                (a New Jersey corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19640-0001
                Telephone (610) 929-3601

1-446           Metropolitan Edison Company                      23-0870160
                (a Pennsylvania corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19640-0001
                Telephone (610) 929-3601

1-3522          Pennsylvania Electric Company                    25-0718085
                (a Pennsylvania corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19640-0001
                Telephone (610) 929-3601
ITEM 5.  OTHER EVENTS.
         ------------

      As  previously  reported,  GPU,  Inc.  and its domestic  electric  utility
subsidiaries - Jersey Central Power & Light Company, Metropolitan Edison Company
and Pennsylvania  Electric Company  (collectively,  the "GPU Energy  companies")
reached an agreement in principle  with their  lenders to extend and amend their
revolving  credit agreement which was scheduled to expire by its terms on May 6,
2001.

      On May 4, 2001,  GPU,  Inc. and the GPU Energy  companies  entered into an
amended and  restated  credit  agreement  consistent  with the terms  previously
reported. The amended credit agreement, which expires by its terms no later than
October  31,  2001,  provides  for  committed  bank  borrowing  capacity of $314
million.  This, combined with other bilateral credit commitments of $27 million,
provides GPU, Inc. and the GPU Energy  companies  with  committed bank borrowing
capacity totaling $341 million.
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.
                      JERSEY CENTRAL POWER & LIGHT COMPANY
                           METROPOLITAN EDISON COMPANY
                          PENNSYLVANIA ELECTRIC COMPANY

                              By: /s/ T. G. Howson
                                  -------------------------------
                                  T. G. Howson, Vice President
                                  and Treasurer

Date:   May 8, 2001