EXHIBIT 12

     PUBLIC SERVICEENTERPRISE GROUP INCORPORATED
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	For the Three Months Ended March 31,						For the Years Ended December 31,
		2009			2008			2008			2007			2006			2005			2004
							(Millions, except ratios)
Earnings as Defined in Regulation S-K (A):
Pre-tax Income from Continuing Operations	$	748		$	668		$	1,909		$	2,389		$	1,130		$	1,391		$	1,220
(Income) Loss from Equity Investees, net of Distributions		(5	)		(7	)		(5	)		(10	)		(33	)		(31	)		78
Fixed Charges		158			166			648			770			838			874			894
Capitalized Interest (B)		(8	)		(8	)		(36	)		(26	)		(33	)		(92	)		(109	)
Preferred Securities Dividend		(2	)		(2	)		(6	)		(6	)		(6	)		(6	)		(6	)
Requirements of Subsidiaries
Total Earnings	$	891		$	817		$	2,510		$	3,117		$	1,896		$	2,136		$	2,077
Fixed Charges as Defined in Regulation S-K (C)
Interest Expense	$	153		$	161		$	630		$	753		$	821		$	858		$	879
Interest Factor in Rentals		3			3			12			11			11			10			9
Preferred Securities Dividend		2			2			6			6			6			6			6
Requirements of Subsidiaries
Total Fixed Charges	$	158		$	166		$	648		$	770		$	838		$	874		$	894
Ratio of Earnings to Fixed Charges		5.64			4.92			3.87			4.05			2.26			2.44			2.32

(A)	The term “earnings” shall be defined as pre-tax Income from Continuing Operations before income or loss from equity investees plus distributed income from equity investees. Add to pre-tax income the amount of fixed charges adjusted to exclude (a) the amount of any interest capitalized during the period and (b) the actual amount of any preferred securities dividend requirements of majority-owned subsidiaries stated on a pre-tax level.
(B)	Capitalized Interest excludes AFUDC for PSE&G.
(C)	Fixed Charges represent (a) interest, whether expensed or capitalized, (b) amortization of debt discount, premium and expense, (c) an estimate of interest implicit in rentals and (d) preferred securities dividend requirements of majority-owned subsidiaries stated on a pre-tax level.