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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) January 28, 2003

                  PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
                  --------------------------------------------
             (Exact name of registrant as specified in its charter)

  New Jersey                   001-09120                         22-2625848
  ----------                   ---------                         ----------
(State or other        (Commission File Number)               (I.R.S. Employer
jurisdiction of                                              Identification No.)
incorporation)
                          80 Park Plaza, P.O. Box 1171
                          Newark, New Jersey 07101-1171
                          -----------------------------
               (Address of principal executive offices) (Zip Code)

                                  973-430-7000
                                  ------------
              (Registrant's telephone number, including area code)
                              http://www.pseg.com


                                 PSEG POWER LLC
                                 --------------
             (Exact name of registrant as specified in its charter)

   Delaware                    000-49614                         22-3663480
  ----------                   ---------                         ----------
(State or other        (Commission File Number)               (I.R.S. Employer
jurisdiction of                                              Identification No.)
incorporation)
                          80 Park Plaza, P.O. Box 570
                          Newark, New Jersey 07101-0570
                          -----------------------------
               (Address of principal executive offices) (Zip Code)

                                  973-430-7000
                                  ------------
              (Registrant's telephone number, including area code)
                              http://www.pseg.com

                     PUBLIC SERVICE ELECTRIC AND GAS COMPANY
                     ---------------------------------------
             (Exact name of registrant as specified in its charter)

  New Jersey                   001-00973                         22-1212800
  ----------                   ---------                         ----------
(State or other        (Commission File Number)               (I.R.S. Employer
jurisdiction of                                              Identification No.)
incorporation)
                          80 Park Plaza, P.O. Box 570
                          Newark, New Jersey 07101-0570
                          -----------------------------
               (Address of principal executive offices) (Zip Code)

                                  973-430-7000
                                  ------------
              (Registrant's telephone number, including area code)
                              http://www.pseg.com

                           PSEG ENERGY HOLDINGS, L.L.C.
                           ----------------------------
             (Exact name of registrant as specified in its charter)

  New Jersey                   000-32503                         22-2983750
  ----------                   ---------                         ----------
(State or other        (Commission File Number)               (I.R.S. Employer
jurisdiction of                                              Identification No.)
incorporation)
                               80 Park Plaza,T-22
                          Newark, New Jersey 07102-4194
                          -----------------------------
               (Address of principal executive offices) (Zip Code)

                                  973-456-3581
                                  ------------
              (Registrant's telephone number, including area code)
                              http://www.pseg.com
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Item 5. Other Events
- --------------------

     On January 28, 2003,  Public Service  Enterprise Group  Incorporated,  PSEG
Power LLC,  Public  Service  Electric  and Gas Company and PSEG Energy  Holdings
L.L.C.  announced  financial  results for the fourth quarter and full year as of
and for the period ended December 31, 2002.

     A copy of the press release dated January 28, 2003 is attached to this Form
8-K, incorporated herein by reference and filed herewith under Item 7 as Exhibit
99.

Item 7. Financial Statements and Exhibits
- -----------------------------------------

Exhibit Designation                      Nature of Exhibit
99                                       Press Release dated January 28, 2003


                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrants have duly caused this report to be signed on their respective behalf
by the undersigned thereunto duly authorized.


                  PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
                                 PSEG POWER LLC
                    PUBLIC SERVICE ELECTRIC AND GAS COMPANY
                  --------------------------------------------
                                  (Registrants)


               By:             /s/ PATRICIA A. RADO
               --------------------------------------------------
                                Patricia A. Rado
                          Vice President and Controller
                         (Principal Accounting Officer)


Date: January 28, 2003

     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.



                           PSEG ENERGY HOLDINGS L.L.C.
                           ---------------------------
                                  (Registrant)

               By:             /s/ Derek DiRisio
               --------------------------------------------------
                                  Derek DiRisio
                          Vice President and Controller
                         (Principal Accounting Officer)



Date: January 28, 2003