GPU, State of Maryland Continue Deep Creek Lake Talks.MORRISTOWN, N.J.--(BUSINESS WIRE)--July 31, 1998--GPU, Inc. and the State of Maryland have agreed on the majority of terms and conditions for the sale of Deep Creek Deep Creek may refer to: Communities:
(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. have agreed to a limited extension so the process can move forward. "We have made substantial progress in our talks but we have considerable work yet to be completed before an agreement is finalized See finalization. ," said Fred D. Hafer, chairman, president and chief executive officer of GPU, Inc. The Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. reached in June between GPU, Inc. and the State called for a sales agreement to be reached by July 31 unless the two parties mutually agreed to extend that date. GPU, Inc. a registered utility holding company, owns three operating utility subsidiaries - Pennsylvania Electric Company, Metropolitan Edison Company and Jersey Central Power & Light Company, now doing business as GPU Energy. GPU Energy provides electric service to nearly 2 million customers in Pennsylvania and New Jersey. GPU Genco operates GPU's fossil fuel fossil fuel: see energy, sources of; fuel. fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. and hydroelectric generating facilities. Other subsidiaries include GPU Nuclear, which operates GPU's two nuclear power stations This is a list of major nuclear power plants in all countries in the world. This is an incomplete list. You can help Name of power station Installed capacity in MW Country Atucha I nuclear power plant 357 Argentina ; GPU Service and the GPU International Group, which owns develops operates and invests in transmission and distribution facilities, and contract generation domestically and abroad.
CONTACT: GPU Inc., Morristown
Edward J. Shultz
(301) 784-8400
(888) 343-7085
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