Changes in Capitalization

6 Months Ended

Jun. 30, 2014

The following capital transactions occurred in the six months ended June 30, 2014:

Power


•	paid cash dividends of $575 million to PSEG.

PSE&G


•	issued $250 million of 1.80% Secured Medium-Term Notes, Series I due June 2019,


•	issued $250 million of 4.00% Secured Medium-Term Notes, Series I due June 2044,


•	paid $105 million of Transition Funding's securitization debt,


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


•	received a $175 million capital contribution from PSEG.

Power [Member]

The following capital transactions occurred in the six months ended June 30, 2014:

Power


•	paid cash dividends of $575 million to PSEG.

PSE&G


•	issued $250 million of 1.80% Secured Medium-Term Notes, Series I due June 2019,


•	issued $250 million of 4.00% Secured Medium-Term Notes, Series I due June 2044,


•	paid $105 million of Transition Funding's securitization debt,


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


•	received a $175 million capital contribution from PSEG.

PSE And G [Member]

The following capital transactions occurred in the six months ended June 30, 2014:

Power


•	paid cash dividends of $575 million to PSEG.

PSE&G


•	issued $250 million of 1.80% Secured Medium-Term Notes, Series I due June 2019,


•	issued $250 million of 4.00% Secured Medium-Term Notes, Series I due June 2044,


•	paid $105 million of Transition Funding's securitization debt,


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


•	received a $175 million capital contribution from PSEG.