Filed pursuant to Rule 433
dated November 18, 2009
Relating to
Preliminary Pricing Supplement dated November 18, 2009 to
Prospectus Supplement dated November 18, 2009 and
Prospectus dated November 26, 2008
Registration Statement No. 333-155732
PUBLIC SERVICE ELECTRIC AND GAS COMPANY (PSE&G)
Secured Medium-Term Notes, Series G
| Issuer: Public Service Electric and Gas Company | Interest Payment Dates: May 1 and November 1, | |
| Trade Date: November 18, 2009 | commencing May 1, 2010 | |
| Original Issue Date/Settlement Date: November 24, | Redemption: As specified in Preliminary Pricing | |
| 2009, which is the fourth business day following | Supplement dated November 18, 2009. Make Whole | |
| the Trade Date. Accordingly, purchasers who | to be determined at a discount rate equal to the | |
| wish to trade the notes on the date hereof will be | Treasury Rate plus 20 basis points. | |
| required, because the notes will not initially settle | Maturity Date: November 1, 2039 | |
| in T+3, to specify an alternative settlement date | CUSIP: 74456QAU0 | |
| at the time of such trade to prevent a failed | Joint Book-Running Managers: | |
| settlement and should consult their own | Scotia Capital (USA) Inc. ($87,500,000) | |
| advisors. | Wells Fargo Securities, LLC ($87,500,000) | |
| Principal Amount: $250,000,000 | Senior Co-Managers: | |
| Price to Public: 99.679% of Principal Amount, plus | Deutsche Bank Securities Inc. ($31,250,000) | |
| accrued interest, if any, from November 24, 2009 if | Goldman, Sachs & Co. ($31,250,000) | |
| settlement occurs after that date | Co-Manager: | |
| Interest Rate: 5.375% per annum | Toussaint Capital Partners, LLC ($12,500,000) | |
The issuer has filed a registration statement (including a prospectus, a prospectus supplement and a preliminary pricing supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus, the prospectus supplement and the preliminary pricing supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site atwww.sec.gov. Alternatively, the issuer or any underwriter participating in the offering will arrange to send you these documents if you request them by calling Scotia Capital (USA) Inc. toll free at 1-800-372-3930 or Wells Fargo Securities, LLC toll free at 1-800-326-5897.
