EXHIBIT 12.1

PSEG POWER LLCCOMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

|                                               |  | For the Six               |      |                     |  |      |      |      |  |      |       |      |  |      |  |       |   |  |   |      |   |  |  
|---------------------------------------------- |  | ------------------------- | ---- | ------------------- |  | ---- | ---- | ---- |  | ---- | ----- | ---- |  | ---- |  | ----- | - |  | - | ---- | - |  | -
|                                               |  | Months Ended              |      | For the Years Ended
|                                               |  | June 30,                  |      | December 31,       
|                                               |  | 2008                      |      | 2007                |  | 2007 |      | 2006 |  | 2005 |       | 2004 |  | 2003
|                                               |  | (Millions, except ratios)
|Earnings as Defined in Regulation S-K (A):     |  |                           |      |                     |  |      |      |      |  |      |       |      |  |      |  |       |   |  |   |      |   |  |  
|                                              
|Pre-tax Income from Continuing Operations      |  | $                         | 867  |                     |  | $    | 692  |      |  | $    | 1,590 |      |  | $    |  | 878   |   |  | $ | 752  |   |  | $
|Fixed Charges                                  |  |                           | 104  |                     |  |      | 89   |      |  |      | 193   |      |  |      |  | 190   |   |  |   | 197  |   |  |  
|Capitalized Interest                           |  |                           | (15  | )                   |  |      | (8   | )    |  |      | (23   | )    |  |      |  | (30   | ) |  |   | (89  | ) |  |  
|Preferred Stock Dividend Requirements          |  |                           |     |                     |  |      |     |      |  |      |      |      |  |      |  |      |   |  |   |     |   |  |  
|                                              
|Total Earnings                                 |  | $                         | 956  |                     |  | $    | 773  |      |  | $    | 1,760 |      |  | $    |  | 1,038 |   |  | $ | 860  |   |  | $
|                                              
|Fixed Charges as Defined in Regulation S-K (B) |  |                           |      |                     |  |      |      |      |  |      |       |      |  |      |  |       |   |  |   |      |   |  |  
|                                              
|                                              
|Interest Expense                               |  | $                         | 103  |                     |  | $    | 89   |      |  | $    | 192   |      |  | $    |  | 189   |   |  | $ | 195  |   |  | $
|Preferred Securities Dividend Requirements of  |  |                           |      |                     |  |      |      |      |  |      |       |      |  |      |  |       |   |  |   |      |   |  |  
|Subsidiaries                                   |  |                           |     |                     |  |      |     |      |  |      |      |      |  |      |  |      |   |  |   |     |   |  |  
|                                              
|Interest Factor in Rentals                     |  |                           | 1    |                     |  |      |     |      |  |      | 1     |      |  |      |  | 1     |   |  |   | 2    |   |  |  
|                                              
|Total Fixed Charges                            |  | $                         | 104  |                     |  | $    | 89   |      |  | $    | 193   |      |  | $    |  | 190   |   |  | $ | 197  |   |  | $
|                                              
|                                               |  |                           |      |                     |  |      |      |      |  |      |       |      |  |      |  |       |   |  |   |      |   |  |  
|Ratio of Earnings to Fixed Charges             |  |                           | 9.19 |                     |  |      | 8.69 |      |  |      | 9.12  |      |  |      |  | 5.46  |   |  |   | 4.37 |   |  |  



|(A) |  | The term "earnings" shall be defined as pre-tax  Income from Continuing Operations.  Add to pre-tax  income the amount of fixed charges adjusted to exclude the amount of any interest capitalized during the period.
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|(B) |  | Fixed Charges represent (a) interest, whether expensed or capitalized, (b) amortization of debt discount, premium and expense and (c) an estimate of interest implicit in rentals.                                   

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