Changes in Capitalization

The following capital transactions occurred in the nine months ended September 30, 2014:

Power


•	paid cash dividends of $775 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,


•	issued $250 million of 2.00% Secured Medium-Term Notes, Series J due August 2019,


•	issued $250 million of 3.15% Secured Medium-Term Notes, Series J due August 2024,


•	paid $250 million of 0.85% Secured Medium-Term Notes at maturity,


•	paid $250 million of 5.00% Secured Medium-Term Notes at maturity,


•	paid $164 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.

In October 2014, Power executed an extension of the letter of credit backing $44 million of Pennsylvania Economic Development Financing Authority Variable Rate Demand Bonds. The existing letter of credit, which was scheduled to expire on November 30, 2014, has now been extended through November 30, 2019.

Changes in Capitalization

The following capital transactions occurred in the nine months ended September 30, 2014:

Power


•	paid cash dividends of $775 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,


•	issued $250 million of 2.00% Secured Medium-Term Notes, Series J due August 2019,


•	issued $250 million of 3.15% Secured Medium-Term Notes, Series J due August 2024,


•	paid $250 million of 0.85% Secured Medium-Term Notes at maturity,


•	paid $250 million of 5.00% Secured Medium-Term Notes at maturity,


•	paid $164 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.

In October 2014, Power executed an extension of the letter of credit backing $44 million of Pennsylvania Economic Development Financing Authority Variable Rate Demand Bonds. The existing letter of credit, which was scheduled to expire on November 30, 2014, has now been extended through November 30, 2019.

Changes in Capitalization

The following capital transactions occurred in the nine months ended September 30, 2014:

Power


•	paid cash dividends of $775 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,


•	issued $250 million of 2.00% Secured Medium-Term Notes, Series J due August 2019,


•	issued $250 million of 3.15% Secured Medium-Term Notes, Series J due August 2024,


•	paid $250 million of 0.85% Secured Medium-Term Notes at maturity,


•	paid $250 million of 5.00% Secured Medium-Term Notes at maturity,


•	paid $164 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.

In October 2014, Power executed an extension of the letter of credit backing $44 million of Pennsylvania Economic Development Financing Authority Variable Rate Demand Bonds. The existing letter of credit, which was scheduled to expire on November 30, 2014, has now been extended through November 30, 2019.