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):                 January 19, 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


1-446           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,  in November 2000,  Metropolitan  Edison Company
("Met-Ed") and Pennsylvania  Electric Company ("Penelec"),  subsidiaries of GPU,
Inc. ("GPU"),  filed a petition with the Pennsylvania  Public Utility Commission
("PaPUC")  seeking  authorization  to defer for future recovery through customer
rates,  the actual costs for energy  which  Met-Ed and Penelec are  incurring in
excess of their present capped generation charges to customers.

      Intervenors  in the proceeding  filed motions to dismiss the petition.  On
January 19,  2001,  Met-Ed and  Penelec  responded  to these  motions and made a
further  request that they be permitted to  implement  their  proposed  deferral
mechanism  pending  the  PaPUC's  final  action  on their  petition.  The  PaPUC
Administrative  Law  Judge  ("ALJ")  assigned  to  the  proceeding  stated  that
"[a]lthough  [Met-Ed and Penelec] should be offered some type of relief to avoid
a lesser  version of what  California  electric  utilities  now face,  the [ALJ]
agrees with the motions to dismiss [the petitions as a matter of law]".  The ALJ
has, however, certified the question of whether the petition should be dismissed
as a matter of law for PaPUC consideration.

      Based on their current confirmed  estimates of returning customers to whom
they must supply  electricity  under their provider of last resort  obligations,
Met-Ed and Penelec now estimate a loss of approximately  $145 million  (pre-tax)
from their supply business during 2001, not including any further returning load
or further cost  increases by PJM, the region's  power pool.  Met-Ed and Penelec
had previously estimated this loss at $82.4 million (pre-tax).  If, however, all
shopping  customers were to return for the full year, Met-Ed and Penelec believe
their supply business losses could be as high as $250 million (pre-tax).

      A copy of GPU's related news  release,  and the ALJ's  Certification  of a
Material Question, are annexed as exhibits.



<PAGE>


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


      (c)   Exhibits

            1.    GPU News Release, dated January 19, 2001.

            2.    PaPUC ALJ Certification of a Material Question, dated
                  January 19, 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.
                                METROPOLITAN EDISON COMPANY
                                PENNSYLVANIA ELECTRIC COMPANY


                                By:  /s/ T. G. Howson
                                   -------------------------------
                                    T. G. Howson, Vice President
                                    and Treasurer


Date:   January 22, 2001
[{"type": "8-K", "sequence": "1", "filename": "0001.txt", "description": "8-K", "secsgml_size_bytes": 4549}]
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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):                 January 19, 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

1-446           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,  in November 2000,  Metropolitan  Edison Company
("Met-Ed") and Pennsylvania  Electric Company ("Penelec"),  subsidiaries of GPU,
Inc. ("GPU"),  filed a petition with the Pennsylvania  Public Utility Commission
("PaPUC")  seeking  authorization  to defer for future recovery through customer
rates,  the actual costs for energy  which  Met-Ed and Penelec are  incurring in
excess of their present capped generation charges to customers.

      Intervenors  in the proceeding  filed motions to dismiss the petition.  On
January 19,  2001,  Met-Ed and  Penelec  responded  to these  motions and made a
further  request that they be permitted to  implement  their  proposed  deferral
mechanism  pending  the  PaPUC's  final  action  on their  petition.  The  PaPUC
Administrative  Law  Judge  ("ALJ")  assigned  to  the  proceeding  stated  that
"[a]lthough  [Met-Ed and Penelec] should be offered some type of relief to avoid
a lesser  version of what  California  electric  utilities  now face,  the [ALJ]
agrees with the motions to dismiss [the petitions as a matter of law]".  The ALJ
has, however, certified the question of whether the petition should be dismissed
as a matter of law for PaPUC consideration.

      Based on their current confirmed  estimates of returning customers to whom
they must supply  electricity  under their provider of last resort  obligations,
Met-Ed and Penelec now estimate a loss of approximately  $145 million  (pre-tax)
from their supply business during 2001, not including any further returning load
or further cost  increases by PJM, the region's  power pool.  Met-Ed and Penelec
had previously estimated this loss at $82.4 million (pre-tax).  If, however, all
shopping  customers were to return for the full year, Met-Ed and Penelec believe
their supply business losses could be as high as $250 million (pre-tax).

      A copy of GPU's related news  release,  and the ALJ's  Certification  of a
Material Question, are annexed as exhibits.
ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
            ------------------------------------------------------------------

      (c)   Exhibits

            1.    GPU News Release, dated January 19, 2001.

            2.    PaPUC ALJ Certification of a Material Question, dated
                  January 19, 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.
                                METROPOLITAN EDISON COMPANY
                                PENNSYLVANIA ELECTRIC COMPANY

                                By:  /s/ T. G. Howson
                                   -------------------------------
                                    T. G. Howson, Vice President
                                    and Treasurer

Date:   January 22, 2001