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):                 July 27, 2000



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

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  announced,   GPU's  2000  second  quarter  income  after  a
non-recurring charge of $295 million after-tax,  or $2.43 per share, on the sale
of GPU's Australian electric transmission  company, GPU PowerNet,  was a loss of
$211  million,  or $1.74 per share.  GPU's 2000  second  quarter  income  before
non-recurring items was $84 million,  or $0.69 per share,  against $106 million,
or $0.84  per  share,  in the  second  quarter  of 1999.  The lower  income  was
primarily due to the impact of electric utility  restructuring in New Jersey and
Pennsylvania,  which included GPU's sale of its  generation  facilities,  higher
energy  costs in  Pennsylvania  and lower  electric  delivery  rates  charged to
customers in New Jersey.

      Pennsylvania  Electric Company's (Penelec) earnings for the second quarter
2000 were $4.5 million, compared to second quarter 1999 earnings of $20 million.
The decline in earnings was primarily due to higher energy costs  resulting from
Penelec's need to purchase its energy  requirements on the open market since the
sale of its generating  assets in 1999.  Partially  offsetting the higher energy
costs are lower operation and maintenance  expense and depreciation costs mainly
due to the sale of generating assets. In addition,  income tax expense was lower
in the second quarter 2000, versus the same quarter last year, due in part to an
adjustment  made to tax  expense  in the  second  quarter  1999  related  to the
deregulation of generating assets in Pennsylvania.

      Metropolitan  Edison  Company's  (Met-Ed)  earnings for the second quarter
2000 were $8.7  million,  compared  to second  quarter  1999  earnings  of $19.1
million.  The decline in  earnings  was  primarily  due to higher  energy  costs
resulting  from  Met-Ed's need to purchase its energy  requirements  on the open
market,  as a result of the sale of its  generating  assets  in 1999.  Partially
offsetting  these  higher  costs  were  lower  operations  and  maintenance  and
depreciation  costs mainly due to the sale of  generating  assets.  In addition,
income tax expense was lower in the second  quarter 2000 versus the same quarter
last  year,  due in part to an  adjustment  made to tax  expense  related to the
deregulation of generating assets in Pennsylvania.

     Jersey  Central  Power & Light  Company's  (JCP&L)  earnings for the second
quarter 2000 were $42.8 million  compared to a second  quarter 1999 loss of $8.2
million.  Excluding a non-recurring  charge of $68 million,  which resulted from
the NJBPU's  Summary  Order for JCP&L,  earnings for the quarter  ended June 30,
1999 would have been $59.8  million.  The  decline in earnings on this basis was
primarily due to lower revenues, resulting from lower rates charged to customers
as a result of the New Jersey  restructuring.  Partially offsetting the decrease
was lower  depreciation  expense  due to the  effect  of the sale of  generating
assets and the  impairment  write-down  of Oyster  Creek,  which was recorded in
1999.

                                        1

<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:   August 3, 2000


                                        2
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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):                 July 27, 2000

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

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  announced,   GPU's  2000  second  quarter  income  after  a
non-recurring charge of $295 million after-tax,  or $2.43 per share, on the sale
of GPU's Australian electric transmission  company, GPU PowerNet,  was a loss of
$211  million,  or $1.74 per share.  GPU's 2000  second  quarter  income  before
non-recurring items was $84 million,  or $0.69 per share,  against $106 million,
or $0.84  per  share,  in the  second  quarter  of 1999.  The lower  income  was
primarily due to the impact of electric utility  restructuring in New Jersey and
Pennsylvania,  which included GPU's sale of its  generation  facilities,  higher
energy  costs in  Pennsylvania  and lower  electric  delivery  rates  charged to
customers in New Jersey.

      Pennsylvania  Electric Company's (Penelec) earnings for the second quarter
2000 were $4.5 million, compared to second quarter 1999 earnings of $20 million.
The decline in earnings was primarily due to higher energy costs  resulting from
Penelec's need to purchase its energy  requirements on the open market since the
sale of its generating  assets in 1999.  Partially  offsetting the higher energy
costs are lower operation and maintenance  expense and depreciation costs mainly
due to the sale of generating assets. In addition,  income tax expense was lower
in the second quarter 2000, versus the same quarter last year, due in part to an
adjustment  made to tax  expense  in the  second  quarter  1999  related  to the
deregulation of generating assets in Pennsylvania.

      Metropolitan  Edison  Company's  (Met-Ed)  earnings for the second quarter
2000 were $8.7  million,  compared  to second  quarter  1999  earnings  of $19.1
million.  The decline in  earnings  was  primarily  due to higher  energy  costs
resulting  from  Met-Ed's need to purchase its energy  requirements  on the open
market,  as a result of the sale of its  generating  assets  in 1999.  Partially
offsetting  these  higher  costs  were  lower  operations  and  maintenance  and
depreciation  costs mainly due to the sale of  generating  assets.  In addition,
income tax expense was lower in the second  quarter 2000 versus the same quarter
last  year,  due in part to an  adjustment  made to tax  expense  related to the
deregulation of generating assets in Pennsylvania.

     Jersey  Central  Power & Light  Company's  (JCP&L)  earnings for the second
quarter 2000 were $42.8 million  compared to a second  quarter 1999 loss of $8.2
million.  Excluding a non-recurring  charge of $68 million,  which resulted from
the NJBPU's  Summary  Order for JCP&L,  earnings for the quarter  ended June 30,
1999 would have been $59.8  million.  The  decline in earnings on this basis was
primarily due to lower revenues, resulting from lower rates charged to customers
as a result of the New Jersey  restructuring.  Partially offsetting the decrease
was lower  depreciation  expense  due to the  effect  of the sale of  generating
assets and the  impairment  write-down  of Oyster  Creek,  which was recorded in
1999.

                                        1
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:   August 3, 2000

                                        2