GPU Energy Business Development Named to National Top 10 List.

Business Editors

READING, Pa.--(BUSINESS WIRE)--July 31, 2000

GPU, Inc. has been recognized as one of the Top 10 Utilities in Economic Development in a nationwide awards program.

Site Selection magazine, a publication for corporate executives, developers, real estate professionals and site location consultants, named GPU as one of its Top 10 utilities nationwide in economic development throughout the United States.

Recipients of the award were selected by a panel of national site selection consultants who rated utilities in the field of programs, services, events, initiatives, accomplishments, jobs and earnings.

"GPU is ranked among the top utilities in the nation in terms of working with local development organizations to create jobs and establish new programs for attracting investment," said Tracy Heath, associate editor for Site Selection magazine. "The editors of Site Selection, as well as the panel of consultants that reviewed the submissions, were impressed with GPU's proactive approach toward job recruitment in its service area."

During 1999, the GPU Energy Business Development area attracted more than 7,900 jobs and more than $477 million in new capital investments to the GPU Energy service area. These results also placed GPU in the Top 10 for jobs created.

"The Business Development team continues to establish GPU Energy as a leader in the rapidly-changing world of electric utilities," said Michael J. Chesser, president and chief executive officer of GPU Energy. "This award represents the proactive work we continue to do in promoting financial growth and economic development in the areas in which we live, work and serve customers."

"This recognition is a direct reflection of the partnership GPU has built with local, state, and national economic development professionals," said Rebecca Wingenroth, director of business development for GPU Energy. "A portion of this award was based on feedback from both national and international site selection consultants, illustrating the power of relationships in addition to proven statistics. Being named to the Top 10 national Economic Development groups shows the global recognition that GPU and its programs and services is receiving both objectively and subjectively."

"These accomplishments are the direct result of the hard work of a great team of people," continued Wingenroth. "We have worked hard at concentrating on the tasks at hand to achieve great results."

GPU Energy, the largest electric utility company in Pennsylvania and New Jersey, has a sophisticated Business Development department with highly trained, locally based staff. Team members provide expertise in specific industry sectors and offer free site selection services to perspective clients. For more information, call 1-800-984-9480 or visit the website at http://home.gpu.com/EconomicDevelopment/.

GPU, Inc. (NYSE: GPU), headquartered in Morristown, New Jersey, is a registered public utility holding company providing utility and utility-related services to customers throughout the world. GPU Energy, headquartered in Reading, Pennsylvania, is a subsidiary of GPU, Inc. and provides the transmission and distribution of electric and electric-related services to 2.2 million customers across Pennsylvania and New Jersey (www.gpu.com)