GPU Foundation Helps New Jersey Residents; Donates $50,000 to Red Cross Hurricane Campaign.

MORRISTOWN, N.J.--(BUSINESS WIRE)--Sept. 30, 1999--

The GPU Foundation announced today that it is contributing $50,000 to the New Jersey Chapters of the American Red Cross to support residents in New Jersey communities hardest hit by Hurricane Floyd. The American Red Cross has launched a $25 million National Hurricane Relief drive and the New Jersey Chapters have set a goal of $1 million to support this effort. Hundreds of volunteers, tons of supplies and scores of emergency vehicles continue to arrive in New Jersey everyday. The effort is expected to last up to 8 weeks.

"The devastation experienced by many New Jersey families as a result of this hurricane compels us to get involved and help with recovery efforts," said Cynthia Stinger, vice chair of the GPU Foundation. "We are joining forces with other New Jersey companies and concerned citizens to pool our resources and provide the financial support they so desperately need."

Standard homeowners' insurance policies do not cover damages by floodwaters and the Red Cross estimates that flooding has damaged 7,000 homes in 8 counties. The hardest hit areas were Somerset, Bergen, Passaic and Union Counties. Prior flood history in the State suggests that 65 percent of these families will require assistance.

To help the victims of this disaster, individuals may send contributions to the American Red Cross Hurricane Floyd Relief Fund, 2 Gardner Road, Fairfield, New Jersey, 07004, or call the American Red Cross at [phone].

The GPU Foundation is a non-profit corporation whose primary purpose is to help improve the quality of life for people in GPU's service territory through charitable contributions to organizations that qualify as tax exempt under Section 501(c)(3) of the Internal Revenue Code.