<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-31-1995 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 11,147,082 <OTHER-PROPERTY-AND-INVEST> 447,335 <TOTAL-CURRENT-ASSETS> 1,750,480 <TOTAL-DEFERRED-CHARGES> 1,712,652 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 15,057,549 <COMMON> 2,563,003 <CAPITAL-SURPLUS-PAID-IN> 594,395 <RETAINED-EARNINGS> 1,418,653 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,576,051 <PREFERRED-MANDATORY> 360,000 <PREFERRED> 324,994 <LONG-TERM-DEBT-NET> 4,523,614 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 736,281 <LONG-TERM-DEBT-CURRENT-PORT> 2,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 52,934 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 4,481,675 <TOT-CAPITALIZATION-AND-LIAB> 15,057,549 <GROSS-OPERATING-REVENUE> 1,755,249 <INCOME-TAX-EXPENSE> 95,707<F1> <OTHER-OPERATING-EXPENSES> 1,375,014 <TOTAL-OPERATING-EXPENSES> 1,470,147 <OPERATING-INCOME-LOSS> 285,102 <OTHER-INCOME-NET> 1,273 <INCOME-BEFORE-INTEREST-EXPEN> 286,375 <TOTAL-INTEREST-EXPENSE> 102,301 <NET-INCOME> 183,650 <PREFERRED-STOCK-DIVIDENDS> 7,526 <EARNINGS-AVAILABLE-FOR-COMM> 176,124 <COMMON-STOCK-DIVIDENDS> 130,200 <TOTAL-INTEREST-ON-BONDS> 91,512 <CASH-FLOW-OPERATIONS> 683,801 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>State Income Taxes of $504 and Federal Income Taxes for Other Income of $574 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>