<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> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 11,134,651 <OTHER-PROPERTY-AND-INVEST> 542,218 <TOTAL-CURRENT-ASSETS> 1,450,157 <TOTAL-DEFERRED-CHARGES> 1,751,392 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 14,878,418 <COMMON> 2,563,003 <CAPITAL-SURPLUS-PAID-IN> 594,395 <RETAINED-EARNINGS> 1,370,816 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,528,214 <PREFERRED-MANDATORY> 663,000 <PREFERRED> 94,523 <LONG-TERM-DEBT-NET> 4,005,958 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 542,529 <LONG-TERM-DEBT-CURRENT-PORT> 500,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 52,173 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 4,492,021 <TOT-CAPITALIZATION-AND-LIAB> 14,878,418 <GROSS-OPERATING-REVENUE> 1,694,317 <INCOME-TAX-EXPENSE> 103,501 <F1> <OTHER-OPERATING-EXPENSES> 1,299,812 <TOTAL-OPERATING-EXPENSES> 1,402,198 <OPERATING-INCOME-LOSS> 292,119 <OTHER-INCOME-NET> (51,004) <INCOME-BEFORE-INTEREST-EXPEN> 241,115 <TOTAL-INTEREST-EXPENSE> 105,903 <F2> <NET-INCOME> 140,023 <PREFERRED-STOCK-DIVIDENDS> 3,872 <EARNINGS-AVAILABLE-FOR-COMM> 135,774 <COMMON-STOCK-DIVIDENDS> 126,800 <TOTAL-INTEREST-ON-BONDS> 83,830 <CASH-FLOW-OPERATIONS> 561,265 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>State Income Taxes of $479 and Federal Income Taxes for Other Income of $1,115 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. <F2>Total interest expense includes Preferred Securities Dividend Requirements. </FN>