<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, necessary for a fair presentation. </LEGEND> <CIK> 0000081033 <NAME> PUBLIC SERVICE ELECTRIC AND GAS COMPANY <MULTIPLIER> 1000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1995 <PERIOD-END> JUN-30-1995 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 11,132,783 <OTHER-PROPERTY-AND-INVEST> 362,944 <TOTAL-CURRENT-ASSETS> 1,365,894 <TOTAL-DEFERRED-CHARGES> 1,588,241 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 14,449,862 <COMMON> 2,563,003 <CAPITAL-SURPLUS-PAID-IN> 0 <RETAINED-EARNINGS> 1,337,284 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,434,682 <PREFERRED-MANDATORY> 300,000 <PREFERRED> 384,994 <LONG-TERM-DEBT-NET> 4,586,428 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 725,881 <LONG-TERM-DEBT-CURRENT-PORT> 60,200 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 53,450 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,904,227 <TOT-CAPITALIZATION-AND-LIAB> 14,449,862 <GROSS-OPERATING-REVENUE> 2,807,822 <INCOME-TAX-EXPENSE> 158,046<F1> <OTHER-OPERATING-EXPENSES> 2,147,705 <TOTAL-OPERATING-EXPENSES> 2,304,784 <OPERATING-INCOME-LOSS> 503,038 <OTHER-INCOME-NET> 6,619<F1> <INCOME-BEFORE-INTEREST-EXPEN> 509,657 <TOTAL-INTEREST-EXPENSE> 203,428 <NET-INCOME> 318,196 <PREFERRED-STOCK-DIVIDENDS> 17,362 <EARNINGS-AVAILABLE-FOR-COMM> 300,834 <COMMON-STOCK-DIVIDENDS> 255,750 <TOTAL-INTEREST-ON-BONDS> 183,102 <CASH-FLOW-OPERATIONS> 492,454 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>State Income Taxes of $1,219 and Federal Income Taxes for Other Income of $967 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>