UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
On March 9, 2022, Public Service Electric and Gas Company (“PSE&G”) commenced its program for the issuance from time to time of up to $3,175,000,000 principal amount of its Secured Medium-Term Notes, Series P (the “Series P Notes”) due 1 year to 30 years from the date of issuance. The Series P Notes will be secured as to payment of the principal thereof (exclusive of any premium) and interest thereon by $3,175,000,000 of PSE&G’s First and Refunding Mortgage Bonds, Medium-Term Notes Series P (the “Bonds”).
On March 11, 2022, PSE&G completed a public offering of $500,000,000 aggregate principal amount of its 3.100% Secured Medium-Term Notes, Series P, due March 15, 2032. The Notes were offered and sold by PSE&G pursuant to a registration statement on Form S-3 (File No. 333-250829) (the “Registration Statement”) and the related Prospectus dated November 20, 2020, Prospectus Supplement dated March 9, 2022, and Pricing Supplement dated March 9, 2022.
In connection with the commencement of the program and the offering of the Notes, PSE&G is filing herewith the following exhibits:
| • | Distribution Agreement, dated March 9, 2022 (the “Distribution Agreement”), among PSE&G and the agents named therein, relating to the Series P Notes; and |
| • | Opinion of Shawn P. Leyden, Vice President and Deputy General Counsel of PSEG Services Corporation, addressing the legality of the Bonds and the Notes, |
each of which is incorporated by reference into the Registration Statement.
Item 9.01 Financial Statements and Exhibits
| Exhibit 1 | Distribution Agreement, dated March 9, 2022, among PSE&G and the agents named therein, relating to the Series P Notes. | |
| Exhibit 5 | Opinion of Shawn P. Leyden, Vice President and Deputy General Counsel of PSEG Services Corporation, addressing the legality of the Bonds and the Notes. | |
| Exhibit 23 | Consent of Shawn P. Leyden, Vice President and Deputy General Counsel of PSEG Services Corporation (included in Exhibit 5). | |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. The signature of the undersigned company shall be deemed to relate only to matters having reference to such company and any subsidiaries thereof.
| PUBLIC SERVICE ELECTRIC AND GAS COMPANY | ||
| (Registrant) | ||
| By: | /s/ Rose M. Chernick | |
| ROSE M. CHERNICK | ||
| Vice President and Controller | ||
| (Principal Accounting Officer) | ||
Date: March 11, 2022
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