0000065350-01-500011.txt : 20011009
0000065350-01-500011.hdr.sgml : 20011009
ACCESSION NUMBER: 0000065350-01-500011
CONFORMED SUBMISSION TYPE: 424B3
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20010921
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: METROPOLITAN EDISON CO
CENTRAL INDEX KEY: 0000065350
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 230870160
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 424B3
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-62967
FILM NUMBER: 1742254
BUSINESS ADDRESS:
STREET 1: 2800 POTTSVILLE PIKE
STREET 2: MUHLENBERG TOWNSHIP
CITY: READING
STATE: PA
ZIP: 19640-0001
BUSINESS PHONE: 6109293601
MAIL ADDRESS:
STREET 1: C/O ENERGY GPU ENERGY
STREET 2: 2800 POTTERVILLE
CITY: READING
STATE: PA
ZIP: 19640-0001
424B3
1
me_4244b3-092101.txt
424B3
Rule 424(b)(3)
File Nos. 333-62967
333-62967-01
333-62967-02
PRICING SUPPLEMENT NO. 1, DATED SEPTEMBER 19, 2001
(to Prospectus dated August 11, 1999
and Prospectus Supplement dated August 11, 1999)
METROPOLITAN EDISON COMPANY
Medium-Term Notes, Series D, Tranche 1
Trade Date: September 19, 2001
Principal Amount: $100,000,000
Original Issue Date: September 24, 2001
Maturity Date: September 15, 2006
Interest Rate: 5.72% per annum, accruing from
September 24, 2001
Interest Payment Dates: September 15 and March 15, semi-
annually, commencing March 15, 2002
Regular Record Dates: So long as the Notes are issued in
book-entry only form, the Regular
Record Date will be the Business
Day immediately preceding each
Interest Payment Date. Otherwise,
the Record Date will be the
fifteenth calendar day next
preceding each Interest Payment
Date.
Purchasers' Discounts or
Commissions: $500,000
Proceeds to Company: $99,500,000
CUSIP Number: 59189HAA9
Additional Terms: The Notes are not redeemable prior
to the Maturity Date.
Plan of Distribution: The Notes have been sold to J. P. Morgan
Securities Inc., ABN AMRO Incorporated
and First Union Securities, Inc., as
principals (collectively the
"Purchasers"), for resale to the public.
(See "Plan of Distribution of Notes" in
the Prospectus Supplement).
The Notes will be issued in book-entry only
form.
The Purchasers and their affiliates
engage in various general financing and
banking transactions with the Company and
its affiliates. In particular, an
affiliate of each of J. P. Morgan
Securities Inc., ABN AMRO Incorporated
and First Union Securities, Inc. is a
lender to the Company. The Company will
use a portion of the net proceeds to
repay amounts outstanding under a credit
facility and an affiliate of each of J.
P. Morgan Securities Inc., ABN AMRO
Incorporated and First Union Securities,
Inc. will receive a portion of the
amounts repaid thereunder. If more than
10% of the net proceeds are paid to an
affiliate of one of the Purchasers, the
offering will be conducted pursuant to
Rule 2710(c)(8) of the Conduct Rules of
the NASD.
Certain legal matters will be
passed upon for the Company by
Thelen Reid & Priest LLP and for
the Purchasers by Pillsbury
Winthrop LLP.
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