Changes in Capitalization

6 Months Ended

Jun. 30, 2013

The following capital transactions occurred in the six months ended June 30, 2013:

Power


•	paid cash dividends of $500 million to PSEG, and


•	paid $300 million of 2.50% Senior Notes at maturity.

PSE&G


•	issued $500 million of 2.375% Secured Medium-Term Notes, Series I due May 2023,


•	paid $150 million of 5.00% Secured Medium-Term Notes at maturity,


•	issued $400 million of 3.80% Secured Medium-Term Notes, Series H due January 2043,


•	received $100 million capital contribution from PSEG,


•	paid $100 million of Transition Funding's securitization debt, and


•	paid $6 million of Transition Funding II's securitization debt.

Power [Member]

The following capital transactions occurred in the six months ended June 30, 2013:

Power


•	paid cash dividends of $500 million to PSEG, and


•	paid $300 million of 2.50% Senior Notes at maturity.

PSE&G


•	issued $500 million of 2.375% Secured Medium-Term Notes, Series I due May 2023,


•	paid $150 million of 5.00% Secured Medium-Term Notes at maturity,


•	issued $400 million of 3.80% Secured Medium-Term Notes, Series H due January 2043,


•	received $100 million capital contribution from PSEG,


•	paid $100 million of Transition Funding's securitization debt, and


•	paid $6 million of Transition Funding II's securitization debt.

PSE And G [Member]

The following capital transactions occurred in the six months ended June 30, 2013:

Power


•	paid cash dividends of $500 million to PSEG, and


•	paid $300 million of 2.50% Senior Notes at maturity.

PSE&G


•	issued $500 million of 2.375% Secured Medium-Term Notes, Series I due May 2023,


•	paid $150 million of 5.00% Secured Medium-Term Notes at maturity,


•	issued $400 million of 3.80% Secured Medium-Term Notes, Series H due January 2043,


•	received $100 million capital contribution from PSEG,


•	paid $100 million of Transition Funding's securitization debt, and


•	paid $6 million of Transition Funding II's securitization debt.