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):                   April 14, 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.
        ------------

        On April 14, 1999, GPU, Inc.'s  subsidiary  Jersey Central Power & Light
Company  (doing  business as "GPU Energy")  entered into a settlement  agreement
with  several  parties  to its  stranded  cost and rate  unbundling  proceedings
pending before the New Jersey Board of Public Utilities ("NJBPU").

        The settlement agreement, which is subject to NBJPU approval,  provides,
among other things, for a 5% rate reduction commencing August 1, 1999, a 5% rate
refund  beginning  August 1, 2002,  and for average  customer  shopping  credits
beginning  at 4.9 cents  per  kilowatt  hour and  increasing  to 5.16  cents per
kilowatt  hour in 2003. It also allows for the  application  of the net proceeds
from  GPU  Energy's  generation  asset  sales  to  reduce  stranded  costs,  the
securitization  of approximately  $525 million of stranded costs associated with
the Oyster Creek nuclear generating  station,  and adequate assurance (through a
deferral  and  true-up  mechanism)  of  full  recovery  of  above  market  costs
associated with GPU Energy's  obligations  under  non-utility  generation  power
purchase agreements.

        If approved by the NJBPU,  the settlement  agreement  would result in an
approximately  $195 million reduction in 1999 pre-tax  earnings,  or about $0.90
per share (after tax).

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



<PAGE>


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
         -------------------------------------------------------------------
         (c)    Exhibit

               1. GPU Energy news release, dated April 14, 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:   April 16, 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):                   April 14, 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.
        ------------

        On April 14, 1999, GPU, Inc.'s  subsidiary  Jersey Central Power & Light
Company  (doing  business as "GPU Energy")  entered into a settlement  agreement
with  several  parties  to its  stranded  cost and rate  unbundling  proceedings
pending before the New Jersey Board of Public Utilities ("NJBPU").

        The settlement agreement, which is subject to NBJPU approval,  provides,
among other things, for a 5% rate reduction commencing August 1, 1999, a 5% rate
refund  beginning  August 1, 2002,  and for average  customer  shopping  credits
beginning  at 4.9 cents  per  kilowatt  hour and  increasing  to 5.16  cents per
kilowatt  hour in 2003. It also allows for the  application  of the net proceeds
from  GPU  Energy's  generation  asset  sales  to  reduce  stranded  costs,  the
securitization  of approximately  $525 million of stranded costs associated with
the Oyster Creek nuclear generating  station,  and adequate assurance (through a
deferral  and  true-up  mechanism)  of  full  recovery  of  above  market  costs
associated with GPU Energy's  obligations  under  non-utility  generation  power
purchase agreements.

        If approved by the NJBPU,  the settlement  agreement  would result in an
approximately  $195 million reduction in 1999 pre-tax  earnings,  or about $0.90
per share (after tax).

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

               1. GPU Energy news release, dated April 14, 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:   April 16, 1999