EXHIBIT 12

     PUBLIC SERVICEENTERPRISE GROUP INCORPORATEDCOMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	For the Nine
	Months Ended						For the Years Ended
	September 30,						December 31,
	2007			2006			2006			2005			2004			2003			2002
	(Millions, except ratios)
Earnings as Defined in Regulation S-K (A):
Pre-tax Income from Continuing Operations	$	1,127		$	569		$	1,206		$	1,446		$	1,279		$	1,324		$	659
(Income) Loss from Equity Investees, net of
Distributions		(16	)		(55	)		(37	)		(28	)		78			60			(2	)
Fixed Charges		592			631			870			899			904			963			946
Capitalized Interest (B)		(19	)		(31	)		(33	)		(92	)		(109	)		(116	)		(104	)
Preferred Securities Dividend Requirements of
Subsidiaries		(5	)		(5	)		(6	)		(6	)		(6	)		(6	)		(6	)
Total Earnings	$	1,679		$	1,109		$	2,000		$	2,219		$	2,146		$	2,225		$	1,493
Fixed Charges as Defined in Regulation S-K (C)
Interest Expense	$	579		$	618		$	853		$	883		$	889		$	949		$	926
Interest Factor in Rentals		8			8			11			10			9			8			14
Preferred Securities Dividend Requirements of
Subsidiaries		5			5			6			6			6			6			6
Total Fixed Charges	$	592		$	631		$	870		$	899		$	904		$	963		$	946
Ratio of Earnings to Fixed Charges		2.84			1.76			2.30			2.47			2.37			2.31			1.58

(A)	The term “earnings” shall be defined as pre-tax Income from Continuing Operations before income or loss from equity investees plus distributed income from equity investees. Add to pre-tax income the amount of fixed charges adjusted to exclude (a) the amount of any interest capitalized during the period and (b) the actual amount of any preferred securities dividend requirements of majority-owned subsidiaries stated on a pre-tax level.
(B)	Fixed Charges represent (a) interest, whether expensed or capitalized, (b) amortization of debt discount, premium and expense, (c) an estimate of interest implicit in rentals and (d) preferred securities dividend requirements of majority- owned subsidiaries stated on a pre-tax level.
(C)	Capitalized Interest excludes AFUDC for PSE&G.