<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from SEC form 10-Q and is qualified in its entirety by reference to such financial statements. The financial statements are unaudited but, in the opinion of PSE&G's management, reflect all adjustments, consisting only of normal recurring accruals. </LEGEND> <CIK> 0000081033 <NAME> PUBLIC SERVICE ELECTRIC AND GAS COMPANY <MULTIPLIER> 1000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> SEP-30-1994 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 10928335 <OTHER-PROPERTY-AND-INVEST> 407319 <TOTAL-CURRENT-ASSETS> 1232379 <TOTAL-DEFERRED-CHARGES> 1661148 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 14229181 <COMMON> 2563003 <CAPITAL-SURPLUS-PAID-IN> 534395 <RETAINED-EARNINGS> 1310074 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4407472 <PREFERRED-MANDATORY> 150000 <PREFERRED> 459994 <LONG-TERM-DEBT-NET> 4486371 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 562665 <LONG-TERM-DEBT-CURRENT-PORT> 310826 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 52054 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3799799 <TOT-CAPITALIZATION-AND-LIAB> 14229181 <GROSS-OPERATING-REVENUE> 4154574 <INCOME-TAX-EXPENSE> 278480<F1> <OTHER-OPERATING-EXPENSES> 3073299 <TOTAL-OPERATING-EXPENSES> 3348554 <OPERATING-INCOME-LOSS> 806020 <OTHER-INCOME-NET> 10086<F1> <INCOME-BEFORE-INTEREST-EXPEN> 816106 <TOTAL-INTEREST-EXPENSE> 292618 <NET-INCOME> 539930 <PREFERRED-STOCK-DIVIDENDS> 30568 <EARNINGS-AVAILABLE-FOR-COMM> 509362 <COMMON-STOCK-DIVIDENDS> 378600 <TOTAL-INTEREST-ON-BONDS> 273838 <CASH-FLOW-OPERATIONS> 577211 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>State Income Taxes $1,562 and Federal Income Taxes for Other Income $3,225 were incorporated into this line item for FDS purposes. In the referenced financial statements, State Income Taxes are included in Taxes - Other and Federal Income Taxes for Other Income are included in Other Income - Miscellaneous. </FN>