Filed pursuant to Rule 433
                                                         dated November 24, 2008
                                                                     Relating to
                       Preliminary Pricing Supplement dated November 24, 2008 to
                               Prospectus Supplement dated November 24, 2008 and
                                                  Prospectus dated June 21, 2004
                                           Registration Statement No. 333-115100

 Pricing Term Sheet for 6.33% Secured Medium-Term Notes, Series F Notes due 2013

                 PUBLIC SERVICE ELECTRIC AND GAS COMPANY (PSE&G)
                       Secured Medium-Term Notes, Series F

================================================================================

Issuer: Public Service Electric and Gas Company

Trade Date: November 24, 2008

Original Issue Date/Settlement Date: December 2, 2008, which is the fifth
  business day following the Trade Date. Accordingly, purchasers who wish to
  trade the notes on the date hereof or the next business day will be
  required, because the notes will not initially settle in T+3, to specify an
  alternative settlement date at the time of such trade to prevent a failed
  settlement and should consult their own advisors.

Principal Amount: $275,000,000

Price to Public: 99.969% of Principal Amount, plus accrued interest, if any,
  from December 2, 2008 if settlement occurs after that date

Interest Rate: 6.33% per annum

Interest Payment Dates: May 1 and November 1, commencing May 1, 2009

Redemption: As specified in Preliminary Pricing Supplement dated November 24,
  2008. Make Whole to be determined at a discount rate equal to the Treasury
  Rate plus 50 basis points.

Maturity Date: November 1, 2013

CUSIP: 74456QAT3

Underwriters:
  Banc of America Securities LLC ($82,500,000)
  Mizuho Securities USA Inc. ($82,500,000)
  UBS Securities LLC ($82,500,000)
  Wedbush Morgan Securities Inc. ($13,750,000)
  The Williams Capital Group, L.P. ($13,750,000)

================================================================================

The  issuer  has filed a  registration  statement  (including  a  prospectus,  a
prospectus supplement and a preliminary pricing supplement) with the SEC for the
offering to which this communication relates. Before you invest, you should read
the prospectus, the prospectus supplement and the preliminary pricing supplement
in that registration statement and other documents the issuer has filed with the
SEC for more complete  information  about the issuer and this offering.  You may
get  these  documents  for  free  by  visiting  EDGAR  on the  SEC  Web  site at
www.sec.gov.  Alternatively,  the issuer or any underwriter participating in the
offering will arrange to send you these documents if you request them by calling
Banc of America  Securities LLC at  1-800-294-1322,  Mizuho  Securities USA Inc.
at  1-800-221-8866,  ext. 3143   or   UBS Securities  LLC   at   1-877-827-6444,
ext. 561 3884.