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):                            November 9, 1998



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  reported,  on November 9, 1998 GPU announced that it had
entered  into  definitive  agreements  providing  for the sale of its  remaining
fossil fuel and  hydroelectric  generating  facilities  which were  offered in a
competitive auction process begun during the first quarter of 1998.
         Sithe  Energies  has  agreed to acquire  the  fossil and  hydroelectric
generating facilities and related assets of Jersey Central Power & Light Company
(JCP&L) -- other than  JCP&L's 50%  interest  in the 400 MW Yards  Creek  pumped
storage  station  which was not included in the auction --  Metropolitan  Edison
Company ("Met-Ed") and Pennsylvania  Electric Company  ("Penelec") -- other than
Penelec's  20%  interest  in the Seneca  pumped  storage  station -- for a total
purchase price of  approximately  $1.68 billion.  Of this amount,  approximately
$442 million, $677 million and $561 million,  respectively, is payable to JCP&L,
Met-Ed and Penelec.
     Separately, FirstEnergy Corp. has agreed to purchase Penelec's 20% interest
in the Seneca Station for $43 million.  Cleveland  Electric  Illuminating Co., a
subsidiary of FirstEnergy, currently owns the remaining 80% of the station.
         As  previously  reported,  in August  1998  Penelec  and New York State
Electric & Gas Corporation  agreed to sell their 50% ownership  interests in the
1884 MW Homer City Station to Edison  Mission  Energy for $1.8  billion,  and in
October 1998 GPU announced  that  definitive  agreements had been signed to sell
the Three Mile Island Unit No. 1 nuclear  station to AmerGen Energy Company LLC,
a joint venture of PECO Energy  Company and British  Energy,  for  approximately
$100 million.
         The  generation  station assets are subject to receipt of various state
and federal regulatory approvals and other conditions.
         A copy of GPU's news release  relating to the  agreements  entered into
with Sithe Energies and FirstEnergy is annexed as an exhibit.



<PAGE>


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

         (c)      Exhibits

         1.       GPU News Release, dated November 9, 1998.




<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:   November 12, 1998
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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):                            November 9, 1998

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  reported,  on November 9, 1998 GPU announced that it had
entered  into  definitive  agreements  providing  for the sale of its  remaining
fossil fuel and  hydroelectric  generating  facilities  which were  offered in a
competitive auction process begun during the first quarter of 1998.
         Sithe  Energies  has  agreed to acquire  the  fossil and  hydroelectric
generating facilities and related assets of Jersey Central Power & Light Company
(JCP&L) -- other than  JCP&L's 50%  interest  in the 400 MW Yards  Creek  pumped
storage  station  which was not included in the auction --  Metropolitan  Edison
Company ("Met-Ed") and Pennsylvania  Electric Company  ("Penelec") -- other than
Penelec's  20%  interest  in the Seneca  pumped  storage  station -- for a total
purchase price of  approximately  $1.68 billion.  Of this amount,  approximately
$442 million, $677 million and $561 million,  respectively, is payable to JCP&L,
Met-Ed and Penelec.
     Separately, FirstEnergy Corp. has agreed to purchase Penelec's 20% interest
in the Seneca Station for $43 million.  Cleveland  Electric  Illuminating Co., a
subsidiary of FirstEnergy, currently owns the remaining 80% of the station.
         As  previously  reported,  in August  1998  Penelec  and New York State
Electric & Gas Corporation  agreed to sell their 50% ownership  interests in the
1884 MW Homer City Station to Edison  Mission  Energy for $1.8  billion,  and in
October 1998 GPU announced  that  definitive  agreements had been signed to sell
the Three Mile Island Unit No. 1 nuclear  station to AmerGen Energy Company LLC,
a joint venture of PECO Energy  Company and British  Energy,  for  approximately
$100 million.
         The  generation  station assets are subject to receipt of various state
and federal regulatory approvals and other conditions.
         A copy of GPU's news release  relating to the  agreements  entered into
with Sithe Energies and FirstEnergy is annexed as an exhibit.
ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
         -------------------------------------------------------------------

         (c)      Exhibits

         1.       GPU News Release, dated November 9, 1998.
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:   November 12, 1998