Changes in Capitalization

3 Months Ended

Mar. 31, 2013

The following capital transactions occurred in the first three months of 2013:

Power


•	paid cash dividends of $250 million to PSEG.

PSE&G


•	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, and


•	paid $51 million of Transition Funding’s securitization debt.

Energy Holdings


•	reclassified $18 million of non-recourse long-term debt associated with a commercial real estate property held for sale to Other Current Liabilities. For additional information, see Note 11. Fair Value Measurements.

Power [Member]

The following capital transactions occurred in the first three months of 2013:

Power


•	paid cash dividends of $250 million to PSEG.

PSE&G


•	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, and


•	paid $51 million of Transition Funding’s securitization debt.

Energy Holdings


•	reclassified $18 million of non-recourse long-term debt associated with a commercial real estate property held for sale to Other Current Liabilities. For additional information, see Note 11. Fair Value Measurements.

PSE And G [Member]

The following capital transactions occurred in the first three months of 2013:

Power


•	paid cash dividends of $250 million to PSEG.

PSE&G


•	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, and


•	paid $51 million of Transition Funding’s securitization debt.

Energy Holdings


•	reclassified $18 million of non-recourse long-term debt associated with a commercial real estate property held for sale to Other Current Liabilities. For additional information, see Note 11. Fair Value Measurements.