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):                 January 24, 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


1-446           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,  on January 19, 2001 a Pennsylvania Public Utility
Commission  ("PaPUC")  Administrative Law Judge ("ALJ") ruled on petitions filed
on November 29, 2000 by Metropolitan  Edison Company ("Met-Ed") and Pennsylvania
Electric Company ("Penelec"),  subsidiaries of GPU, Inc., seeking  authorization
to defer for future recovery through customer rates, the actual costs for energy
which  they are  incurring  in excess of their  current  generation  charges  to
customers.  The ALJ stated in his ruling that while Met-Ed and Penelec should be
offered some type of relief,  he agreed with motions made by  intervenors in the
proceeding  to  dismiss  the  petition  as a  matter  of law.  However,  the ALJ
certified the question of whether the petition  should be dismissed to the PaPUC
for consideration.

      On January 24,  2001,  the PaPUC voted to defer action on the petition and
consolidate  Met-Ed's and Penelec's  request with their pending  application  to
merge with FirstEnergy Corp. In his motion adopted by the PaPUC,  Chairman Quain
stated  that  deferring  action on the  petitions  would give Met-Ed and Penelec
additional  time to attempt to  establish  that they meet the  conditions  under
which  the  PaPUC  could  consider  granting  them  exceptions  to the  rate cap
provisions of the  Pennsylvania  restructuring  law and the  companies'  related
settlement agreement.



<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:   January 26, 2001
[{"type": "8-K", "sequence": "1", "filename": "0001.txt", "description": "8-K", "secsgml_size_bytes": 3585}]
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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):                 January 24, 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

1-446           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,  on January 19, 2001 a Pennsylvania Public Utility
Commission  ("PaPUC")  Administrative Law Judge ("ALJ") ruled on petitions filed
on November 29, 2000 by Metropolitan  Edison Company ("Met-Ed") and Pennsylvania
Electric Company ("Penelec"),  subsidiaries of GPU, Inc., seeking  authorization
to defer for future recovery through customer rates, the actual costs for energy
which  they are  incurring  in excess of their  current  generation  charges  to
customers.  The ALJ stated in his ruling that while Met-Ed and Penelec should be
offered some type of relief,  he agreed with motions made by  intervenors in the
proceeding  to  dismiss  the  petition  as a  matter  of law.  However,  the ALJ
certified the question of whether the petition  should be dismissed to the PaPUC
for consideration.

      On January 24,  2001,  the PaPUC voted to defer action on the petition and
consolidate  Met-Ed's and Penelec's  request with their pending  application  to
merge with FirstEnergy Corp. In his motion adopted by the PaPUC,  Chairman Quain
stated  that  deferring  action on the  petitions  would give Met-Ed and Penelec
additional  time to attempt to  establish  that they meet the  conditions  under
which  the  PaPUC  could  consider  granting  them  exceptions  to the  rate cap
provisions of the  Pennsylvania  restructuring  law and the  companies'  related
settlement agreement.
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:   January 26, 2001