-- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

EX-12.2 4 c58378_ex12-2.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 12.2

PUBLIC SERVICE ELECTRIC AND GAS COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	For the Six Months Ended June 30,							For the Years Ended December 31,
	For the Six Months Ended June 30,							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	$	282		$	282		$	592		$	637		$	448		$	583		$	592
Fixed Charges		159			162			325			332			346			342			362
Earnings	$	441		$	444		$	917		$	969		$	794		$	925		$	954

Fixed Charges as Defined in Regulation S-K (B)

Interest Expense	$	159		$	162		$	325		$	332		$	346		$	342		$	362
Total Fixed Charges	$	159		$	162		$	325		$	332		$	346		$	342		$	362

Ratio of Earnings to Fixed Charges		2.77			2.44			2.82			2.92			2.29			2.70			2.64

(A)	The term "earnings" shall be defined as pretax income from continuing operations. Add to pretax 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.