GPU, FirstEnergy Extend Merger Termination Date.Business Editors MORRISTOWN, N.J.--(BUSINESS WIRE)--Sept. 28, 2001 GPU GPU: see secret police. (Graphics Processing Unit) A specialized logic chip devoted to rendering 2D or 3D images. Display adapters contain one or more GPUs for fast graphics rendering. , Inc. and FirstEnergy Corp. announced today that, in accordance with the terms of their merger agreement, the termination date termination date, n See expiration date. for their agreement has been extended until December 31, 2001. The merger was approved earlier this week by the New Jersey Board of Public Utilities The New Jersey Board of Public Utilities (NJBPU) is a regulatory authority in New Jersey charged with the responsibility of seeing that "safe, adequate, and proper utility services are provided at reasonable rates for customers in New Jersey. and now awaits approval by the U.S. Securities and Exchange Commission. GPU, Inc., headquartered in Morristown, NJ, is a registered public utility holding company providing utility and utility-related services to customers throughout the world. GPU serves 4.6 million customers directly through its electric companies -- GPU Energy in the US, GPU Power UK in England, and Emdersa in Argentina. It serves an additional 1.4 million customers indirectly through GPU GasNet, its gas transmission subsidiary in Australia. The company's independent power project business units own interests in and operate seven projects in five countries. GPU's 2000 revenues were $5.2 billion and its total assets were more than $19 billion. GPU's other subsidiaries include MYR MYR In currencies, this is the abbreviation for the Malaysian Ringgit. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Group Inc., GPU Advanced Resources, Inc., GPU Nuclear, Inc., GPU Service, Inc. GPU Telcom Services, Inc. and GPU Diversified Holdings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . (http://www.gpu.com) FirstEnergy is a diversified energy services holding company. Its various subsidiaries own approximately $18 billion in assets and produce more than $7 billion in annual revenues. FirstEnergy's electric utility operating companies operating company A business that engages in transactions with outsiders. - Ohio Edison Company, Pennsylvania Power Company, The Illuminating il·lu·mi·nate v. il·lu·mi·nat·ed, il·lu·mi·nat·ing, il·lu·mi·nates v.tr. 1. To provide or brighten with light. 2. To decorate or hang with lights. 3. Company and Toledo Edison Company - comprise the nation's tenth largest electric system, serving 2.2 million electric customers in Ohio and Pennsylvania. FirstEnergy subsidiaries and affiliates provide a wide range of energy and energy-related products and services, including the generation and sale of electricity; exploration and production of oil and natural gas; transmission and marketing of natural gas; mechanical and electrical contracting and construction; energy management; telecommunications; and e-commerce. |
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