8-K

                       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):                 October 15, 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, on September 10, 1999 Jersey Central Power & Light
Company  ("JCP&L")  signed a Letter of Intent with AmerGen Energy Company L.L.C.
("AmerGen"),  a joint venture of PECO Energy  Company and British Energy plc, to
sell JCP&L's Oyster Creek Nuclear Generating Station ("Oyster Creek")to AmerGen.

      On October 15, 1999, JCP&L and AmerGen entered into definitive  agreements
providing  for the sale of Oyster  Creek to  AmerGen.  As  previously  reported,
AmerGen will pay JCP&L $10 million for Oyster Creek and will repay JCP&L in nine
annual  installments  for the costs (up to  approximately  $88  million)  of the
plant's next refueling  outage  scheduled to begin in September 2000. JCP&L will
transfer to AmerGen $430 million in decommissioning trust funds and AmerGen will
assume all responsibility for  decommissioning  Oyster Creek.  AmerGen will also
sell to JCP&L all of Oyster Creek's capacity and energy through March 31, 2003.

      The  agreements  provide  for certain  adjustments  to the price terms and
decommissioning trust fund amount if the transaction is not consummated on March
31, 2000. The transaction is subject to the receipt of various federal and state
regulatory approvals and favorable rulings by the Internal Revenue Service.

      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 October 15, 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:   October 19, 1999

EX-99

                          EXHIBIT TO BE FILED BY EDGAR
                          ----------------------------



(c) 1      GPU News Release, dated October 15, 1999.

EX-99

                                                                Exhibit (c) 1


GPU News Release
October 15, 1999


                  GPU, Inc., AmerGen Reach Definitive Agreement on Sale of
                              Oyster Creek Facility


     MORRISTOWN,  N.J. - October 15, 1999 - GPU, Inc. and AmerGen Energy Company
today announced that they have signed a definitive asset purchase  agreement for
the sale of GPU's Oyster Creek nuclear  generating  facility in Lacey  Township,
N.J. to AmerGen for $10 million.

      The asset purchase  agreement  replaces the agreement in principle for the
sale of the Oyster  Creek plant  approved on  September  13.  AmerGen is a joint
venture of PECO Energy  Company and British  Energy  Company  founded in 1997 to
purchase and operate nuclear generation plants in the United States.

      The  transaction  is  subject  to  approval  by  the  Nuclear   Regulatory
Commission,  the Federal Energy Regulatory  Commission,  the New Jersey Board of
Public  Utilities,  and receipt of favorable  Internal  Revenue Service rulings.
Closing of the transaction is anticipated in the Spring of 2000.

      GPU, Inc.  (NYSE:GPU),  headquartered in Morristown,  N.J. is a registered
public  utility  holding  company.   GPU's  three  domestic   operating  utility
subsidiaries--Jersey Central Power & Light Company,  Metropolitan Edison Company
and  Pennsylvania  Electric  Company--do  business  under the trade  name of GPU
Energy  and  serve  approximately  two  million  customers  in  a  service  area
encompassing  about  half the land areas of New  Jersey  and  Pennsylvania.  GPU
International  Group develops,  owns and operates  transmission and distribution
facilities  overseas and generating plants both in the United States and abroad.
In the UK, GPU owns Midlands  Electricity,  which distributes  electric power to
2.2 million customers in an area that includes Birmingham,  England. GPU's other
subsidiaries  include:  GPU Advanced  Resources  Inc., GPU Generation  Inc., GPU
Nuclear Inc., GPU Service Inc. and GPU Telcom Services Inc. (http://www.gpu.com)

      PECO Energy is an electric  and gas utility  serving 1.5 million  electric
customers in the five-county Philadelphia area and 400,000 natural gas customers
in four suburban counties.  It is one of the nation's largest nuclear utilities,
producing  more than 33 billion  kilowatt-hours  of  electricity  in 1998 at its
Limerick and Peach Bottom generating  stations.  PECO Energy has set new nuclear
performance  standards in safety,  availability and capacity factors,  efficient
refueling outages, and low operating and maintenance costs.

      PECO Energy also owns and operates  coal,  natural gas, oil,  landfill gas
and hydro power  plants.  PECO  Energy's  Power Team  operates a 24-hour  energy
trading floor with transactions in 47 states and Canada.





      British Energy provides more than 20 percent of Britain's  electricity and
is the U.K.'s largest generator.  It owns and operates 15 nuclear power reactors
in the United  Kingdom,  with 9,600  megawatts of  generation,  including  seven
advanced  gas-cooled nuclear stations and one pressurized water reactor station.
In July  1996,  British  Energy  was  successfully  privatized  through a public
offering of stock. The company has  distinguished  itself on nuclear  operations
through  its  outstanding  safety  record and by reducing  costs and  increasing
output and profit following privatization. Headquartered in Edinburgh, Scotland,
it has 5,100 employees.  British Energy recently  announced it will purchase its
first regional electric supply company, Swalec, in Wales, UK.





                                      -XX-

- ------------------------------------------------------------------------------

Contacts:

     GPU - Ned Raynolds, (973) 455-8294
     PECO Energy - Bill Jones, (215) 841-4129
     British Energy - Doug McRoberts, (011) 131-44-527-2020