<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from
Form 10-K and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<CIK> 0000081033
<NAME> PUBLIC SERVICE ELECTRIC AND GAS COMPANY
<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>                     331787
<TOTAL-CURRENT-ASSETS>                         1247938
<TOTAL-DEFERRED-CHARGES>                       1586428
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                                14264398
<COMMON>                                       2563003
<CAPITAL-SURPLUS-PAID-IN>                       534395
<RETAINED-EARNINGS>                            1292201
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 4389599
<PREFERRED-MANDATORY>                           300000
<PREFERRED>                                     384994
<LONG-TERM-DEBT-NET>                           4486787
<SHORT-TERM-NOTES>                                   0
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                  401759
<LONG-TERM-DEBT-CURRENT-PORT>                   310200
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                      53770
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 3937829
<TOT-CAPITALIZATION-AND-LIAB>                 14264398
<GROSS-OPERATING-REVENUE>                      5511641
<INCOME-TAX-EXPENSE>                            301447<F1>
<OTHER-OPERATING-EXPENSES>                     4202290
<TOTAL-OPERATING-EXPENSES>                     4498971
<OPERATING-INCOME-LOSS>                        1012670
<OTHER-INCOME-NET>                               19022
<INCOME-BEFORE-INTEREST-EXPEN>                 1031692
<TOTAL-INTEREST-EXPENSE>                        395925
<NET-INCOME>                                    659406
<PREFERRED-STOCK-DIVIDENDS>                      40467
<EARNINGS-AVAILABLE-FOR-COMM>                   618939
<COMMON-STOCK-DIVIDENDS>                        505300
<TOTAL-INTEREST-ON-BONDS>                       366894
<CASH-FLOW-OPERATIONS>                         1060506
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<FN>

<F1>State Income Taxes of $2,152 and Federal Income Taxes for Other Income of
$4,766 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>