Changes in Capitalization

3 Months Ended

Mar. 31, 2016

The following capital transactions occurred in the three months ended March 31, 2016:

PSE&G


•	issued $300 million of 1.90% Secured Medium-Term Notes, Series K due March 2021,


•	issued $550 million of 3.80% Secured Medium-Term Notes, Series K due March 2046, and


•	retired $171 million of 6.75% Secured First and Refunding Mortgage Bonds, Series VV at maturity.

The following capital transactions occurred in the three months ended March 31, 2016:

PSE&G


•	issued $300 million of 1.90% Secured Medium-Term Notes, Series K due March 2021,


•	issued $550 million of 3.80% Secured Medium-Term Notes, Series K due March 2046, and


•	retired $171 million of 6.75% Secured First and Refunding Mortgage Bonds, Series VV at maturity.

The following capital transactions occurred in the three months ended March 31, 2016:

PSE&G


•	issued $300 million of 1.90% Secured Medium-Term Notes, Series K due March 2021,


•	issued $550 million of 3.80% Secured Medium-Term Notes, Series K due March 2046, and


•	retired $171 million of 6.75% Secured First and Refunding Mortgage Bonds, Series VV at maturity.