<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. </LEGEND> <CIK> 0000081033 <NAME> PUBLIC SERVICE ELECTRIC AND GAS COMPANY <MULTIPLIER>1000000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 6,889 <OTHER-PROPERTY-AND-INVEST> 794 <TOTAL-CURRENT-ASSETS> 1,682 <TOTAL-DEFERRED-CHARGES> 5,180 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 14,545 <COMMON> 2,563 <CAPITAL-SURPLUS-PAID-IN> 594 <RETAINED-EARNINGS> 600 <TOTAL-COMMON-STOCKHOLDERS-EQ> 3,754 <PREFERRED-MANDATORY> 588 <PREFERRED> 95 <LONG-TERM-DEBT-NET> 3,261 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 1,080 <LONG-TERM-DEBT-CURRENT-PORT> 638 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 50 <LEASES-CURRENT> 0 <OTHER-ITEMS-CAPITAL-AND-LIAB> 5,079 <TOT-CAPITALIZATION-AND-LIAB> 14,545 <GROSS-OPERATING-REVENUE> 4,421 <INCOME-TAX-EXPENSE> 393 <OTHER-OPERATING-EXPENSES> 3,183 <TOTAL-OPERATING-EXPENSES> 3,576 <F1> <OPERATING-INCOME-LOSS> 845 <OTHER-INCOME-NET> 8 <INCOME-BEFORE-INTEREST-EXPEN> 853 <TOTAL-INTEREST-EXPENSE> 319 <F2> <NET-INCOME> (270)<F3> <PREFERRED-STOCK-DIVIDENDS> 7 <EARNINGS-AVAILABLE-FOR-COMM> (277) <COMMON-STOCK-DIVIDENDS> 510 <TOTAL-INTEREST-ON-BONDS> 247 <CASH-FLOW-OPERATIONS> 853 <EPS-BASIC> 0 <EPS-DILUTED> 0 <FN> <F1>State and Federal Income Taxes are included in this line for FDS purposes. <F2>Total interest expense includes Preferred Securities Dividend Requirements. <F3>Net Loss includes an extraordinary charge of $804 million, net of tax of $345 million. </FN>