Changes In Capitalization

6 Months Ended

Jun. 30, 2011

Changes In Capitalization

Note 9. Changes in Capitalization

The following capital transactions occurred in the first six months of 2011:

Power

• paid $606 million of 7.75% Senior Notes at maturity in April 2011, and

• paid cash dividends of $350 million to PSEG.

PSE&G

• paid $91 million of Transition Funding's securitization debt, and

• paid $5 million of Transition Funding II's securitization debt.

Energy Holdings

• paid $1 million of nonrecourse project debt.

Power [Member]

Changes In Capitalization

Note 9. Changes in Capitalization

The following capital transactions occurred in the first six months of 2011:

Power

paid $606 million of 7.75% Senior Notes at maturity in April 2011, and

paid cash dividends of $350 million to PSEG.

PSE&G

paid $91 million of Transition Funding's securitization debt, and

paid $5 million of Transition Funding II's securitization debt.

Energy Holdings

paid $1 million of nonrecourse project debt.

PSE&G [Member]

Changes In Capitalization

Note 9. Changes in Capitalization

The following capital transactions occurred in the first six months of 2011:

Power

paid $606 million of 7.75% Senior Notes at maturity in April 2011, and

paid cash dividends of $350 million to PSEG.

PSE&G

paid $91 million of Transition Funding's securitization debt, and

paid $5 million of Transition Funding II's securitization debt.

Energy Holdings

paid $1 million of nonrecourse project debt.