| Business Summary | | GPU,
Inc.
is
a
holding
company
that
does
not
directly
operate
any
utility
properties,
but
owns
all
the
outstanding
common
stock
of
three
domestic
electric
utilities,
Jersey
Central
Power
&
Light
Company,
Metropolitan
Edison
Company
and
Pennsylvania
Electric
Company.
GPU
Electric,
which
includes
GPU
Capital,
Inc.
and
GPU
Electric,
Inc.
and
their
subsidiaries,
owns,
operates
and
funds
the
acquisition
of
electric
distribution
and
gas
transmission
systems
in
foreign
countries.
Other
subsidiaries
of
GPU
include
GPU
Advanced
Resources,
Inc.,
which
is
involved
in
retail
energy
sales;
GPU
Telcom
Services,
Inc.,
which
is
engaged
in
telecommunications-related
businesses;
MYR
Group
Inc.,
which
is
a
utility
infrastructure
construction
services
company;
GPU
Service,
Inc.,
which
provides
legal,
accounting,
financial
and
other
services
to
the
GPU
companies;
GPU
Diversified
Holdings
LLC,
and
GPU
Nuclear,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GPU,
Inc.
is
a
holding
company
for
three
electric
utilities
serving
customers
in
NJ
and
PA:
Jersey
Central
Power
and
Light
Company,
Metropolitan
Edison
Company
and
Penn
Electric
Co.
For
the
six
months
ended
6/01,
revenues
rose
8%
to
$2.65
billion.
Net
income
totalled
$155.6
million
vs.
a
loss
of
$79.8
million.
Revenues
reflect
the
return
of
numerous
shopping
customers
from
alternate
generation
suppliers.
Earnings
reflect
the
absence
of
a
$372.5
million
business
sale
loss. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Fred Hafer, 60 Chairman,
Pres and CEO | $1.0M | Bruce Levy, 45 CFO,
Sr. VP | 523K | M.J. Chesser, 52 Pres
and CEO of JCP&L, Met-Ed and Penelec | 310K | Ira Jolles, 62 Sr.
VP and Gen. Counsel | 558K | T. Howson, 52 VP
and Treasurer | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|