GPU, Inc. CEO Fred Hafer talks to The Wall Street Transcript.

NEW YORK--(BUSINESS WIRE)--Aug. 18, 1999--

The Wall Street Transcript has published an in-depth interview with Fred D. Hafer of GPU, Inc. (NYSE:GPU), in which he talks at length about his company's future. The interview is available free online at http://www.twst.com/ceos.htm

He says, "We are a public utility holding company. For many years, GPU has operated in a vertically structured fashion with three electric utility operating companies. These companies still remain as legal entities because each has securities outstanding in the hands of the public and operates under separate rate tariffs. But we now operate them as one entity doing business as GPU Energy, our domestic utility subsidiary headquartered in Reading, Pennsylvania, serving approximately 2 million customers in about half of the land area of New Jersey and Pennsylvania."

He declares, "Through our international operations we provide utility and utility-related services to nearly four million customers on five continents. Those operations include an electric distribution company in the U.K., Australian electric and natural gas transmission companies, three Argentine electric distribution companies, and 7000 MW of independent power project generation in eight countries that have long term contracts for the output of their plants."

Looking forward, he states, "We have set our sights on acquisitions of gas and water distribution businesses as well as installing, operating, and maintaining the physical assets that form the backbone of the telecommunications industry. We think that similar skill sets for success exist in all of those businesses, and that by combining those skills, our customers and we could reap the benefits of economies of scale."

This interview is part of a 44-page Special Electric Utilities Report produced by The Wall Street Transcript, including a 19,000 word roundtable with four top electric utility analysts examining deregulation effects, pricing power, new plant construction, cash flow management, energy diversification, M&A activity and stock recommendations.

For a free overview of this issue, see http://www.twst.com/08-16-99.htm

The report may be ordered online at http://www.twst.com/info.htm or by calling [phone].

The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors for over 35 years. TWST is online at http://www.twst.com with hundreds of free excerpts of analyst and money manager interviews featuring their recommendations at http://www.twst.com/newspage.html

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call (800) 246 -7673.