UNITED STATES 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):                 June 14, 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.
            ------------

       On June 14, 2001,  the  stipulated  settlement  previously  reported with
respect to the petition filed by GPU, Inc.'s ("GPU") subsidiaries,  Metropolitan
Edison Company  ("Met-Ed") and Pennsylvania  Electric Company  ("Penelec"),  for
rate relief from their  provider of last  resort  ("PLR")  obligations  and with
respect to the proposed merger of GPU with FirstEnergy Corp. ("FirstEnergy") was
approved by the Pennsylvania Public Utility Commission ("PaPUC").

       The  settlement  allows  Met-Ed and Penelec to defer for future  recovery
their  energy  costs  incurred  after  January 1, 2001 in excess of  established
generation rate caps.

       The settlement is predicated upon the actual consummation of the proposed
merger  of GPU  with  FirstEnergy.  In the  event  that the  merger  fails to be
consummated  and is abandoned,  Met-Ed and Penelec will write-off for ratemaking
purposes  all  deferred  PLR costs  accrued from January 1, 2001 through May 31,
2001 and the PaPUC will reopen the PLR  proceedings  to permit parties to submit
testimony and otherwise address  prospectively the overall retail rate levels of
Met-Ed  and  Penelec,  including  whether or at what  level PLR  deferrals  will
continue on a prospective basis.

       Two GPU System credit agreements provide, among other things, that if the
PaPUC  issues a PLR order  which is not  satisfactory  to the  majority  of bank
lenders in each such agreement,  the term of such agreements would be shortened,
collateral  security for the obligations  under one of such agreements  would be
required  and  additional   restrictive   covenants  would  apply  (including  a
restriction on GPU from paying any further  dividends on its common stock).  GPU
is required to submit a certification  to the banks within five business days of
the  issuance  of the PLR  order  stating  whether  it  believes  that the order
satisfies the credit agreements'  criteria for being a satisfactory  order. Upon
receipt of that certification the banks would then determine whether they concur
with GPU's certification.

       Copies of the Motion adopted by the PaPUC, the Settlement Stipulation and
GPU's related news release are annexed as exhibits.




<PAGE>


ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
            ------------------------------------------------------------------

      (c)   Exhibits

            1.    Motion of Vice Chairman Robert K. Bloom, adopted by the
                  PaPUC, dated June 14, 2001.

            2.    GPU News Release, dated June 14, 2001.

            3.    Settlement Stipulation,  dated June 11, 2001 - incorporated by
                  reference to Exhibit  (c)(1) to GPU's  Current  Report on Form
                  8-K, dated June 12, 2001, SEC File No. 1-6047.




<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:   June 15, 2001
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UNITED STATES 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):                 June 14, 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.
            ------------

       On June 14, 2001,  the  stipulated  settlement  previously  reported with
respect to the petition filed by GPU, Inc.'s ("GPU") subsidiaries,  Metropolitan
Edison Company  ("Met-Ed") and Pennsylvania  Electric Company  ("Penelec"),  for
rate relief from their  provider of last  resort  ("PLR")  obligations  and with
respect to the proposed merger of GPU with FirstEnergy Corp. ("FirstEnergy") was
approved by the Pennsylvania Public Utility Commission ("PaPUC").

       The  settlement  allows  Met-Ed and Penelec to defer for future  recovery
their  energy  costs  incurred  after  January 1, 2001 in excess of  established
generation rate caps.

       The settlement is predicated upon the actual consummation of the proposed
merger  of GPU  with  FirstEnergy.  In the  event  that the  merger  fails to be
consummated  and is abandoned,  Met-Ed and Penelec will write-off for ratemaking
purposes  all  deferred  PLR costs  accrued from January 1, 2001 through May 31,
2001 and the PaPUC will reopen the PLR  proceedings  to permit parties to submit
testimony and otherwise address  prospectively the overall retail rate levels of
Met-Ed  and  Penelec,  including  whether or at what  level PLR  deferrals  will
continue on a prospective basis.

       Two GPU System credit agreements provide, among other things, that if the
PaPUC  issues a PLR order  which is not  satisfactory  to the  majority  of bank
lenders in each such agreement,  the term of such agreements would be shortened,
collateral  security for the obligations  under one of such agreements  would be
required  and  additional   restrictive   covenants  would  apply  (including  a
restriction on GPU from paying any further  dividends on its common stock).  GPU
is required to submit a certification  to the banks within five business days of
the  issuance  of the PLR  order  stating  whether  it  believes  that the order
satisfies the credit agreements'  criteria for being a satisfactory  order. Upon
receipt of that certification the banks would then determine whether they concur
with GPU's certification.

       Copies of the Motion adopted by the PaPUC, the Settlement Stipulation and
GPU's related news release are annexed as exhibits.
ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
            ------------------------------------------------------------------

      (c)   Exhibits

            1.    Motion of Vice Chairman Robert K. Bloom, adopted by the
                  PaPUC, dated June 14, 2001.

            2.    GPU News Release, dated June 14, 2001.

            3.    Settlement Stipulation,  dated June 11, 2001 - incorporated by
                  reference to Exhibit  (c)(1) to GPU's  Current  Report on Form
                  8-K, dated June 12, 2001, SEC File No. 1-6047.
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:   June 15, 2001