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):                 September 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.
            -------------

      As previously  reported,  GPU,  Inc.'s ("the Company")  subsidiary  Jersey
Central Power & Light Company ("JCP&L"),  doing business as GPU Energy, has been
exploring  the possible  sale or early  retirement  of the Oyster Creek  Nuclear
Generating Station ("Oyster Creek").  Oyster Creek, a 619 MW facility located in
Lacey Township,  New Jersey, entered commercial service in 1969. Oyster Creek is
wholly owned by JCP&L and operated by GPU Nuclear, Inc.
("GPUN").

      Following a  competitive  bidding  process  begun  earlier  this year,  on
September 14, 1999,  the Company  announced that it had entered into a Letter of
Intent to sell Oyster Creek to AmerGen Energy Company LLC  ("AmerGen"),  a joint
venture of PECO Energy  Company and British Energy  Company.  AmerGen is also in
the  process of  purchasing  Three  Mile  Island  Unit No. 1 from the  Company's
affiliates as well as other nuclear generating stations.

      The  transaction is subject to the  negotiation  of a definitive  purchase
agreement  and the receipt of various  federal and state  regulatory  approvals,
including from the Nuclear Regulatory Commission,  the Federal Energy Regulatory
Commission  and the New Jersey Board of Public  Utilities,  as well as favorable
rulings from the Internal  Revenue  Service.  Assuming  timely  receipt of these
approvals, the transaction is scheduled to close in the Spring of 2000.

      Under the terms of the  transaction,  AmerGen  would pay JCP&L $10 million
for Oyster Creek and assume full  responsibility for  decommissioning the plant.
JCP&L would provide at closing $430 million of decommissioning  trust funding as
well as funding for the station's outage costs,  including the fuel reload,  for
the next refueling  outage  scheduled for the Fall of 2000.  AmerGen would repay
these outage  costs  (estimated  at $84  million) to JCP&L in nine  installments
beginning a year after the closing.

      JCP&L has also agreed to purchase  Oyster  Creek's  capacity and energy at
fixed prices for three years following the closing.  The  transaction  assumes a
March 31, 2000  closing,  and provides for certain  pricing  adjustments  if the
closing occurs before or after that date.

      AmerGen will assume the collective  bargaining  agreement  covering Oyster
Creek's union  employees  and will have the right to offer  employment to Oyster
Creek's union and to non-union GPUN  personnel.  JCP&L will be responsible for a
specified  amount of severance  payments to Oyster Creek  employees  and benefit
payments under GPUN's existing transition programs up to certain limits.

      JCP&L expects that the sale of Oyster Creek will reduce  customer costs by
more than $150 million than if the plant were shut down and decommissioned.

      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 September 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:   September 15, 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):                 September 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.
            -------------

      As previously  reported,  GPU,  Inc.'s ("the Company")  subsidiary  Jersey
Central Power & Light Company ("JCP&L"),  doing business as GPU Energy, has been
exploring  the possible  sale or early  retirement  of the Oyster Creek  Nuclear
Generating Station ("Oyster Creek").  Oyster Creek, a 619 MW facility located in
Lacey Township,  New Jersey, entered commercial service in 1969. Oyster Creek is
wholly owned by JCP&L and operated by GPU Nuclear, Inc.
("GPUN").

      Following a  competitive  bidding  process  begun  earlier  this year,  on
September 14, 1999,  the Company  announced that it had entered into a Letter of
Intent to sell Oyster Creek to AmerGen Energy Company LLC  ("AmerGen"),  a joint
venture of PECO Energy  Company and British Energy  Company.  AmerGen is also in
the  process of  purchasing  Three  Mile  Island  Unit No. 1 from the  Company's
affiliates as well as other nuclear generating stations.

      The  transaction is subject to the  negotiation  of a definitive  purchase
agreement  and the receipt of various  federal and state  regulatory  approvals,
including from the Nuclear Regulatory Commission,  the Federal Energy Regulatory
Commission  and the New Jersey Board of Public  Utilities,  as well as favorable
rulings from the Internal  Revenue  Service.  Assuming  timely  receipt of these
approvals, the transaction is scheduled to close in the Spring of 2000.

      Under the terms of the  transaction,  AmerGen  would pay JCP&L $10 million
for Oyster Creek and assume full  responsibility for  decommissioning the plant.
JCP&L would provide at closing $430 million of decommissioning  trust funding as
well as funding for the station's outage costs,  including the fuel reload,  for
the next refueling  outage  scheduled for the Fall of 2000.  AmerGen would repay
these outage  costs  (estimated  at $84  million) to JCP&L in nine  installments
beginning a year after the closing.

      JCP&L has also agreed to purchase  Oyster  Creek's  capacity and energy at
fixed prices for three years following the closing.  The  transaction  assumes a
March 31, 2000  closing,  and provides for certain  pricing  adjustments  if the
closing occurs before or after that date.

      AmerGen will assume the collective  bargaining  agreement  covering Oyster
Creek's union  employees  and will have the right to offer  employment to Oyster
Creek's union and to non-union GPUN  personnel.  JCP&L will be responsible for a
specified  amount of severance  payments to Oyster Creek  employees  and benefit
payments under GPUN's existing transition programs up to certain limits.

      JCP&L expects that the sale of Oyster Creek will reduce  customer costs by
more than $150 million than if the plant were shut down and decommissioned.

      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 September 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:   September 15, 1999