<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> 3-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1995 <PERIOD-END> MAR-31-1995 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 11,080,156 <OTHER-PROPERTY-AND-INVEST> 352,028 <TOTAL-CURRENT-ASSETS> 1,159,487 <TOTAL-DEFERRED-CHARGES> 1,661,688 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 14,253,359 <COMMON> 2,563,003 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 1,360,215 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,457,613 <PREFERRED-MANDATORY> 300,000 <PREFERRED> 384,994 <LONG-TERM-DEBT-NET> 4,587,740 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 94,200 <LONG-TERM-DEBT-CURRENT-PORT> 210,200 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 53,612 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 4,165,000 <TOT-CAPITALIZATION-AND-LIAB> 14,253,359 <GROSS-OPERATING-REVENUE> 1,577,053 <INCOME-TAX-EXPENSE> 103,682<F1> <OTHER-OPERATING-EXPENSES> 1,175,533 <TOTAL-OPERATING-EXPENSES> 1,278,621 <OPERATING-INCOME-LOSS> 298,432 <OTHER-INCOME-NET> 3,333<F1> <INCOME-BEFORE-INTEREST-EXPEN> 301,765 <TOTAL-INTEREST-EXPENSE> 99,973 <NET-INCOME> 206,896 <PREFERRED-STOCK-DIVIDENDS> 8,682 <EARNINGS-AVAILABLE-FOR-COMM> 198,214 <COMMON-STOCK-DIVIDENDS> 130,200 <TOTAL-INTEREST-ON-BONDS> 91,492 <CASH-FLOW-OPERATIONS> 684,096 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>State Income Taxes of $804 and Federal Income Taxes for Other Income of $594 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>