EXHIBIT 12.1

PSEG POWER LLC

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	For the Quarters Ended March 31,						For the Years Ended December 31,
	2010			2009			2009			2008			2007			2006			2005
							(Millions, except ratios)
Earnings as Defined in Regulation S-K (A):
Pre-tax Income from Continuing Operations	$	623		$	518		$	1,958		$	1,814		$	1,676		$	1,008		$	803
Fixed Charges		56			59			212			226			209			207			213
Capitalized Interest (B)		(14	)		(8	)		(43	)		(32	)		(23	)		(30	)		(89	)
Total Earnings	$	665		$	569		$	2,127		$	2,008		$	1,862		$	1,185		$	927
Fixed Charges as Defined in Regulation S-K
Interest Expense	$	54		$	58		$	210		$	224		$	208		$	206		$	211
Interest Factor in Rentals		2			1			2			2			1			1			2
Total Fixed Charges	$	56		$	59		$	212		$	226		$	209		$	207		$	213
Ratio of Earnings to Fixed Charges		11.88			9.64			10.03			8.88			8.91			5.72			4.35

(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.