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Changes in Capitalization

3 Months Ended

Mar. 31, 2015

The following capital transactions occurred in the three months ended March 31, 2015:

PSE&G


•	paid $58 million of Transition Funding's securitization debt.

Power


•	paid cash dividends of $200 million to PSEG.

The following capital transactions occurred in the three months ended March 31, 2015:

PSE&G


•	paid $58 million of Transition Funding's securitization debt.

Power


•	paid cash dividends of $200 million to PSEG.

The following capital transactions occurred in the three months ended March 31, 2015:

PSE&G


•	paid $58 million of Transition Funding's securitization debt.

Power


•	paid cash dividends of $200 million to PSEG.