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):                 October 15, 1999



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


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


<PAGE>





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

      As previously reported, on September 10, 1999 Jersey Central Power & Light
Company  ("JCP&L")  signed a Letter of Intent with AmerGen Energy Company L.L.C.
("AmerGen"),  a joint venture of PECO Energy  Company and British Energy plc, to
sell JCP&L's Oyster Creek Nuclear Generating Station ("Oyster Creek")to AmerGen.

      On October 15, 1999, JCP&L and AmerGen entered into definitive  agreements
providing  for the sale of Oyster  Creek to  AmerGen.  As  previously  reported,
AmerGen will pay JCP&L $10 million for Oyster Creek and will repay JCP&L in nine
annual  installments  for the costs (up to  approximately  $88  million)  of the
plant's next refueling  outage  scheduled to begin in September 2000. JCP&L will
transfer to AmerGen $430 million in decommissioning trust funds and AmerGen will
assume all responsibility for  decommissioning  Oyster Creek.  AmerGen will also
sell to JCP&L all of Oyster Creek's capacity and energy through March 31, 2003.

      The  agreements  provide  for certain  adjustments  to the price terms and
decommissioning trust fund amount if the transaction is not consummated on March
31, 2000. The transaction is subject to the receipt of various federal and state
regulatory approvals and favorable rulings by the Internal Revenue Service.

      A copy of GPU's related news release is annexed as an exhibit.

<PAGE>


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

      (c)   Exhibit

            1. GPU News Release, dated October 15, 1999.



<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



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


Date:   October 19, 1999
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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):                 October 15, 1999

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

1-3141          Jersey Central Power & Light Company           21-0485010
                (a New Jersey corporation)
                2800 Pottsville Pike
                Reading, Pennsylvania 19640-0001
                Telephone (610) 929-3601
ITEM 5.     OTHER EVENTS.
            ------------

      As previously reported, on September 10, 1999 Jersey Central Power & Light
Company  ("JCP&L")  signed a Letter of Intent with AmerGen Energy Company L.L.C.
("AmerGen"),  a joint venture of PECO Energy  Company and British Energy plc, to
sell JCP&L's Oyster Creek Nuclear Generating Station ("Oyster Creek")to AmerGen.

      On October 15, 1999, JCP&L and AmerGen entered into definitive  agreements
providing  for the sale of Oyster  Creek to  AmerGen.  As  previously  reported,
AmerGen will pay JCP&L $10 million for Oyster Creek and will repay JCP&L in nine
annual  installments  for the costs (up to  approximately  $88  million)  of the
plant's next refueling  outage  scheduled to begin in September 2000. JCP&L will
transfer to AmerGen $430 million in decommissioning trust funds and AmerGen will
assume all responsibility for  decommissioning  Oyster Creek.  AmerGen will also
sell to JCP&L all of Oyster Creek's capacity and energy through March 31, 2003.

      The  agreements  provide  for certain  adjustments  to the price terms and
decommissioning trust fund amount if the transaction is not consummated on March
31, 2000. The transaction is subject to the receipt of various federal and state
regulatory approvals and favorable rulings by the Internal Revenue Service.

      A copy of GPU's related news release is annexed as an exhibit.
ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
          -----------------------------------------------------
          AND EXHIBITS.
          --------------

      (c)   Exhibit

            1. GPU News Release, dated October 15, 1999.
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

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

Date:   October 19, 1999