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):                            December 20, 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


<PAGE>




ITEM 5.  OTHER EVENTS.

         As previously reported,  GPU has initiated plans to raise at least U.S.
$500 million through the sale of assets and use the proceeds from these sales to
reduce debt and provide  funding for additional  repurchases of its common stock
and investments in growth initiatives.

         On December 20,  1999,  GPU  announced  that it had engaged a financial
advisor to seek  proposals  to  purchase  at least 50% of its  ownership  in GPU
PowerNet and GPU GasNet,  the electric and gas  transmission  companies  serving
Victoria.  GPU PowerNet was acquired in October 1997 and GPU GasNet was acquired
in May 1999 from the  Victorian  government  for  A$2.555  billion  and  A$1.025
billion, respectively.

         GPU  expects  that the sale  process  could be  completed  in the first
quarter of 2000.

         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 December 20, 1999.



<PAGE>


                                    SIGNATURE

         PURSUANT TO THE  REQUIREMENTS  OF THE SECURITIES  EXCHANGE ACT OF 1934,
THE  REGISTRANT  HAS DULY  CAUSED  THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.


                                            GPU, INC.



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


Date:   December 27, 1999
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{"company-data": {"conformed-name": "GPU INC /PA/", "cik": "0000040779", "assigned-sic": "4911", "irs-number": "135516989", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-06047", "film-number": "99780849"}, "business-address": {"street1": "C/O GPU SERVICE INC", "street2": "300 MADISON AVE", "city": "MORRISTOWN", "state": "NJ", "zip": "079621911", "phone": "9734558200"}, "mail-address": {"street1": "C/O GPU SERVICE INC", "street2": "300 MADISON AVE", "city": "MORRISTOWN", "state": "NJ", "zip": "07962"}}
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):                            December 20, 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
ITEM 5.  OTHER EVENTS.

         As previously reported,  GPU has initiated plans to raise at least U.S.
$500 million through the sale of assets and use the proceeds from these sales to
reduce debt and provide  funding for additional  repurchases of its common stock
and investments in growth initiatives.

         On December 20,  1999,  GPU  announced  that it had engaged a financial
advisor to seek  proposals  to  purchase  at least 50% of its  ownership  in GPU
PowerNet and GPU GasNet,  the electric and gas  transmission  companies  serving
Victoria.  GPU PowerNet was acquired in October 1997 and GPU GasNet was acquired
in May 1999 from the  Victorian  government  for  A$2.555  billion  and  A$1.025
billion, respectively.

         GPU  expects  that the sale  process  could be  completed  in the first
quarter of 2000.

         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 December 20, 1999.
SIGNATURE

         PURSUANT TO THE  REQUIREMENTS  OF THE SECURITIES  EXCHANGE ACT OF 1934,
THE  REGISTRANT  HAS DULY  CAUSED  THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.

                                            GPU, INC.

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

Date:   December 27, 1999