<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-31-1995 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 11,110,521 <OTHER-PROPERTY-AND-INVEST> 521,564 <TOTAL-CURRENT-ASSETS> 1,434,480 <TOTAL-DEFERRED-CHARGES> 1,682,751 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 14,749,316 <COMMON> 2,563,003 <CAPITAL-SURPLUS-PAID-IN> 594,395 <RETAINED-EARNINGS> 1,412,249 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,569,647 <PREFERRED-MANDATORY> 568,000 <PREFERRED> 113,392 <LONG-TERM-DEBT-NET> 4,290,582 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 736,929 <LONG-TERM-DEBT-CURRENT-PORT> 250,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 52,752 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 4,168,014 <TOT-CAPITALIZATION-AND-LIAB> 14,749,316 <GROSS-OPERATING-REVENUE> 3,040,886 <INCOME-TAX-EXPENSE> 145,358<F1> <OTHER-OPERATING-EXPENSES> 2,402,416 <TOTAL-OPERATING-EXPENSES> 2,546,689 <OPERATING-INCOME-LOSS> 494,197 <OTHER-INCOME-NET> 2,481 <INCOME-BEFORE-INTEREST-EXPEN> 496,678 <TOTAL-INTEREST-EXPENSE> 212,023<F2> <NET-INCOME> 292,417 <PREFERRED-STOCK-DIVIDENDS> 14,989<F3> <EARNINGS-AVAILABLE-FOR-COMM> 295,921 <COMMON-STOCK-DIVIDENDS> 256,401 <TOTAL-INTEREST-ON-BONDS> 175,621 <CASH-FLOW-OPERATIONS> 456,713 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>State Income Taxes of $659 and Federal Income Taxes for Other Income of $1,085 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> <FN> <F2>Total interest expense includes tax deductible Subsidiary Preferred Dividend Requirements. </FN> <FN> <F3>Preferred Stock Dividends include non-tax deductible Subsidiary Preferred Dividend Requirements. </FN>