-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Dt8eBySVjx5YwirBx63RMqJR2Ja1TIiAOoEMgcGpfjQjdX12yNsfXjfxQDTJIa5T g3SI0xxyBZA2eA20Nu4NkA== 0000891092-10-002009.txt : 20100517 0000891092-10-002009.hdr.sgml : 20100517 20100517140202 ACCESSION NUMBER: 0000891092-10-002009 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100517 DATE AS OF CHANGE: 20100517 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000081033 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 221212800 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0717 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-155732 FILM NUMBER: 10837418 BUSINESS ADDRESS: STREET 1: CORPORATE ACCOUNTING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 BUSINESS PHONE: 973-430-7000 MAIL ADDRESS: STREET 1: CORPORATE ACCOUTNING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000081033 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 221212800 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0717 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: CORPORATE ACCOUNTING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 BUSINESS PHONE: 973-430-7000 MAIL ADDRESS: STREET 1: CORPORATE ACCOUTNING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 FWP 1 e38791fwp.htm PRICING TERM SHEET

Filed pursuant to Rule 433
dated May 17, 2010
Relating to
Preliminary Pricing Supplement dated May 17, 2010 to
Prospectus Supplement dated November 18, 2009 and
Prospectus dated November 26, 2008
Registration Statement No. 333-155732

Pricing Term Sheet for 2.70% Secured Medium-Term Notes, Series G due 2015

PUBLIC SERVICE ELECTRIC AND GAS COMPANY (PSE&G)
Secured Medium-Term Notes, Series G
Issuer: Public Service Electric and Gas Company Redemption: As specified in Preliminary Pricing
Trade Date: May 17, 2010     Supplement dated May 17, 2010. Make Whole to be
Original Issue Date/Settlement Date: May 20, 2010     determined at a discount rate equal to the Treasury
Principal Amount: $300,000,000     Rate plus 10 basis points (0.10%).
Price to Public: 99.822% of Principal Amount, plus Maturity Date: May 1, 2015
    accrued interest, if any, from May 20, 2010 if CUSIP: 74456QAW6
    settlement occurs after that date Joint Book-Running Managers:
Interest Rate: 2.70% per annum     Barclays Capital Inc. ($112,500,000)
Interest Payment Dates: May 1 and November 1,     Deutsche Bank Securities Inc. ($112,500,000)
    commencing November 1, 2010 Co-Managers:
      Mizuho Securities USA Inc. ($30,000,000)
      RBS Securities Inc. ($30,000,000)
      The Williams Capital Group, L.P. ($15,000,000)

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’s 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 Barclays Capital Inc. toll free at 1-888-603-5847 or Deutsche Bank Securities Inc. toll free at 1-800-503-4611.

 -----END PRIVACY-ENHANCED MESSAGE-----