<ARTICLE> UT
<LEGEND>
This schedule contains summary information extracted from SEC Form 10-K
and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000788784
<NAME> PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                     11098245
<OTHER-PROPERTY-AND-INVEST>                    2673663
<TOTAL-CURRENT-ASSETS>                         1356872
<TOTAL-DEFERRED-CHARGES>                       1588685
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                16717440
<COMMON>                                       3801157
<CAPITAL-SURPLUS-PAID-IN>                            0
<RETAINED-EARNINGS>                            1510010
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 5311167
<PREFERRED-MANDATORY>                           300000
<PREFERRED>                                     384994
<LONG-TERM-DEBT-NET>                           5180657
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                  491586
<LONG-TERM-DEBT-CURRENT-PORT>                   499738
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                      53770
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 4495528
<TOT-CAPITALIZATION-AND-LIAB>                 16717440
<GROSS-OPERATING-REVENUE>                      5915843
<INCOME-TAX-EXPENSE>                            322824<F1>
<OTHER-OPERATING-EXPENSES>                     4433692
<TOTAL-OPERATING-EXPENSES>                     4751750
<OPERATING-INCOME-LOSS>                        1164093
<OTHER-INCOME-NET>                               19219
<INCOME-BEFORE-INTEREST-EXPEN>                 1183312
<TOTAL-INTEREST-EXPENSE>                        495925
<NET-INCOME>                                    679033
<PREFERRED-STOCK-DIVIDENDS>                      42147
<EARNINGS-AVAILABLE-FOR-COMM>                   679033
<COMMON-STOCK-DIVIDENDS>                        528071
<TOTAL-INTEREST-ON-BONDS>                       459158
<CASH-FLOW-OPERATIONS>                         1231790
<EPS-PRIMARY>                                    $2.78
<EPS-DILUTED>                                    $2.78
<FN>

<F1>State Income Taxes of $5,507 and Federal Income Taxes for Other Income of $4,766 were
incorporated into this line 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>