Exhhibit 24.1

                                POWER OF ATTORNEY

      Each Director of PSEG Energy Holdings Inc. whose  signature  appears below
hereby  appoints  Derek  M.  DiRisio,  the  agent  for  service  named  in  this
Registration Statement, and James T. Foran, Esq. as attorney-in-fact, to execute
in the name of each such  person and to file with the  Securities  and  Exchange
Commission this  Registration  Statement and any and all  amendments,  including
post-effective amendments to this Registration Statement.

           Signature                         Title                    Date
           ---------                         ----                     ----


     /s/ ROBERT E. BUSCH                    Director          September 28, 2001
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        Robert E. Busch

       /S/ FRANK CASSIDY                    Director          September 28, 2001
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         Frank Cassidy

 /s/ ROBERT J. DOUGHERTY, JR.               Director          September 28, 2001
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   Robert J. Dougherty, Jr.

     /s/ E. JAMES FERLAND                   Director          September 28, 2001
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       E. James Ferland

     /s/ Thomas M. O'Flynn                  Director          September 28, 2001
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       Thomas M. O'Flynn

     /s/ R. EDWIN SELOVER                   Director          September 28, 2001
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       R. Edwin Selover