EXHIBIT 12.1

PSEG POWER LLC
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	For the Three
	Months Ended				For the Years Ended
	March 31,				December 31,
	2008		2007		2007		2006		2005		2004		2003
	(Millions, except ratios)
Earnings as Defined in Regulation S-K (A):
Pre-tax Income from Continuing Operations	$462		$374		$1,590		$878		$752		$594		$815
Fixed Charges	52		43		193		190		197		198		219
Capitalized Interest	(7	)	(3	)	(23	)	(30	)	(89	)	(107	)	(106	)
Preferred Stock Dividend Requirements	—		—		—		—		—		—		—
Total Earnings	$507		$414		$1,760		$1,038		$860		$685		$928
Fixed Charges as Defined in Regulation S-K (B)
Interest Expense	$52		$43		$192		$189		$195		$197		$217
Preferred Securities Dividend Requirements of
Subsidiaries	—		—		—		—		—		—		—
Interest Factor in Rentals	—		—		1		1		2		1		2
Total Fixed Charges	$52		$43		$193		$190		$197		$198		$219
Ratio of Earnings to Fixed Charges	9.75		9.63		9.12		5.46		4.37		3.46		4.24

(A)	The term "earnings" shall be defined as pre-tax Income from Continuing Operations. Add to pre-tax income the amount of fixed charges adjusted to exclude the amount of any interest capitalized during the period.
(B)	Fixed Charges represent (a) interest, whether expensed or capitalized, (b) amortization of debt discount, premium and expense and (c) an estimate of interest implicit in rentals.