UNITED STATES 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):                 May 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

1-3141          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.
         ------------

      On May 24, 2001,  the  Pennsylvania  Public  Utility  Commission ("PaPUC")
unanimously  voted in favor to  approve,  subject  to certain  conditions,  GPU,
Inc.'s ("GPU") proposed merger with FirstEnergy Corp., and voted 4 to 1 in favor
of a motion to  postpone  until no later than July 13,  2001 its  decision  with
respect to the petition filed by GPU's subsidiaries, Metropolitan Edison Company
("Met-Ed") and Pennsylvania  Electric Company ("Penelec"),  for rate relief from
their provider of last resort ("PLR') obligations.

      The PaPUC  decided  that the PLR cost  proceeding  (which,  as  previously
reported,  had been consolidated with the merger proceeding) and the disposition
of merger  benefits be held in abeyance to afford the parties an  opportunity to
attempt to resolve the matter in a PaPUC-facilitated  collaborative process. The
process  will  conclude  no later  than June 20,  2001.  One PaPUC  Commissioner
dissented from the institution of the collaborative process,  saying that Met-Ed
and Penelec had not met their burden of proof.

      The PaPUC also  allowed  Met-Ed and  Penelec to track  their PLR costs for
accounting purpose without creating a regulatory asset at this time.

      As  previously  reported,  the GPU System  revolving  credit agreement was
amended on May 4, 2001. The credit agreement provides,  among other things, that
if the PaPUC issues a PLR rate order which is not  satisfactory  to the majority
bank  lenders,  or fails to issue a PLR  order  by June  15,  2001,  the  credit
agreement's October 31, 2001 maturity date will be shortened to 91 days from the
date of the order or from June 15. Further,  Met-Ed and Penelec must issue their
senior notes and first  mortgage  bonds to the banks as collateral  security for
their  obligations  under the agreement.  In addition,  in the event that Jersey
Central Power & Light Company's  credit rating falls from its current A to BBB-,
it would  similarly be required to pledge its securities to secure its bank debt
under the agreement.  Moreover,  GPU would be prohibited  from either paying any
further  dividends  on its common  stock  (beyond  the  scheduled  May 30,  2001
dividend  payment) or making more than a total of $50 million of  investments in
or loans to Met-Ed and  Penelec or making any  further  investments  in non-core
businesses.  There is  currently  $311  million  outstanding  under  the  credit
agreement.

      Copies of the Motion adopted by the PaPUC,  the Statement of  Commissioner
Nora Mead Brownell and GPU's related news release are annexed as exhibits.


<PAGE>


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


      (c)   Exhibits

            1.    Motion adopted by the PaPUC of Commissioner Terrance J.
                  Fitzpatrick, dated May 24, 2001.

            2.    Statement of Commissioner Nora Mead Brownell, dated
                  May 24, 2001.

            3.    GPU News Release, dated May 24, 2001.




<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:   May 25, 2001
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UNITED STATES 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):                 May 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

1-3141          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.
         ------------

      On May 24, 2001,  the  Pennsylvania  Public  Utility  Commission ("PaPUC")
unanimously  voted in favor to  approve,  subject  to certain  conditions,  GPU,
Inc.'s ("GPU") proposed merger with FirstEnergy Corp., and voted 4 to 1 in favor
of a motion to  postpone  until no later than July 13,  2001 its  decision  with
respect to the petition filed by GPU's subsidiaries, Metropolitan Edison Company
("Met-Ed") and Pennsylvania  Electric Company ("Penelec"),  for rate relief from
their provider of last resort ("PLR') obligations.

      The PaPUC  decided  that the PLR cost  proceeding  (which,  as  previously
reported,  had been consolidated with the merger proceeding) and the disposition
of merger  benefits be held in abeyance to afford the parties an  opportunity to
attempt to resolve the matter in a PaPUC-facilitated  collaborative process. The
process  will  conclude  no later  than June 20,  2001.  One PaPUC  Commissioner
dissented from the institution of the collaborative process,  saying that Met-Ed
and Penelec had not met their burden of proof.

      The PaPUC also  allowed  Met-Ed and  Penelec to track  their PLR costs for
accounting purpose without creating a regulatory asset at this time.

      As  previously  reported,  the GPU System  revolving  credit agreement was
amended on May 4, 2001. The credit agreement provides,  among other things, that
if the PaPUC issues a PLR rate order which is not  satisfactory  to the majority
bank  lenders,  or fails to issue a PLR  order  by June  15,  2001,  the  credit
agreement's October 31, 2001 maturity date will be shortened to 91 days from the
date of the order or from June 15. Further,  Met-Ed and Penelec must issue their
senior notes and first  mortgage  bonds to the banks as collateral  security for
their  obligations  under the agreement.  In addition,  in the event that Jersey
Central Power & Light Company's  credit rating falls from its current A to BBB-,
it would  similarly be required to pledge its securities to secure its bank debt
under the agreement.  Moreover,  GPU would be prohibited  from either paying any
further  dividends  on its common  stock  (beyond  the  scheduled  May 30,  2001
dividend  payment) or making more than a total of $50 million of  investments in
or loans to Met-Ed and  Penelec or making any  further  investments  in non-core
businesses.  There is  currently  $311  million  outstanding  under  the  credit
agreement.

      Copies of the Motion adopted by the PaPUC,  the Statement of  Commissioner
Nora Mead Brownell and GPU's related news release are annexed as exhibits.
ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
            ------------------------------------------------------------------

      (c)   Exhibits

            1.    Motion adopted by the PaPUC of Commissioner Terrance J.
                  Fitzpatrick, dated May 24, 2001.

            2.    Statement of Commissioner Nora Mead Brownell, dated
                  May 24, 2001.

            3.    GPU News Release, dated May 24, 2001.
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:   May 25, 2001