# EDGAR Filing Document

**Accession Number:** 0000081033
**File Stem:** 0001193125-26-003203
**Filing Date:** 2026-1
**Character Count:** 13924
**Document Hash:** d5fa87d05d21b048929324e89a8ed063
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-003203.hdr.sgml**: 20260106

**ACCESSION NUMBER**: 0001193125-26-003203

**CONFORMED SUBMISSION TYPE**: 424B5

**PUBLIC DOCUMENT COUNT**: 12

**FILED AS OF DATE**: 20260106

**DATE AS OF CHANGE**: 20260105

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUBLIC SERVICE ELECTRIC & GAS CO
- **CENTRAL INDEX KEY:** 0000081033
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 221212800
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B5
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-275512
- **FILM NUMBER:** 26509258

**BUSINESS ADDRESS:**
- **STREET 1:** CORPORATE ACCOUNTING SERVICES
- **STREET 2:** 80 PARK PLAZA, 9TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4194
- **BUSINESS PHONE:** 973-430-7000

**MAIL ADDRESS:**
- **STREET 1:** CORPORATE ACCOUTNING SERVICES
- **STREET 2:** 80 PARK PLAZA, 9TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4194

**Filed Pursuant to Rule 424(b)(5) <br>Registration Statement No. 333-275512** 

**Pricing Supplement to Prospectus Supplement Dated** 

**January 5, 2026 and Prospectus Dated November 13, 2023** 

***Pricing Supplement dated January 5, 2026***

***(To Prospectus Supplement dated January 5, 2026***

***and Prospectus dated November 13, 2023)***

**5.625% Secured Medium-Term Notes, Series R, due January 1, 2056** 

**PUBLIC SERVICE ELECTRIC AND GAS COMPANY (PSE&G)** 

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| | |
|:---|:---|
|  CUSIP: 74456QCY0<br> Trade Date: January ****5, 2026<br> Original Issue Date/Settlement Date: January 7, 2026, which is the second business day following the Trade Date. Accordingly, purchasers who wish to trade the Notes prior to one business day before delivery will be required, because the Notes will not initially settle in T+1, to specify an alternative settlement date at the time of such trade to prevent a failed settlement and should consult their own advisors.<br> Principal Amount: $500,000,000<br> Price to Public: ****99.685% of Principal Amount, plus accrued interest from January ****7, 2026 if settlement occurs after that date<br> Purchase Price: ****98.935% of Principal Amount<br> Net Proceeds to Company: $494,675,000<br> Interest Rate: ****5.625 % per annum<br> Initial Interest Accrual Date: January ****7, 2026<br> Interest Payment Dates: January 1 and July 1, commencing July 1, 2026<br> Regular Record Dates: December 15 and June 15<br> Maturity Date: January 1, 2056<br> These Notes are DTC Eligible and will be issued in book-entry form. | Mode of Distribution: ☒ Underwritten ☐ Agented<br> ☒ Academy Securities, Inc. ($10000000)<br> ☐ Barclays Capital Inc.<br> ☐ BNP Paribas Securities Corp.<br> ☒ BNY Mellon Capital Markets, LLC ($40000000)<br> ☒ BofA Securities, Inc. ($87500000)<br> ☒ CastleOak Securities, L.P. ($10000000)<br> ☐ CIBC World Markets Corp.<br> ☐ Citigroup Global Markets Inc.<br> ☐ Goldman Sachs & Co. LLC<br> ☐ J.P. Morgan Securities LLC<br> ☒ Mizuho Securities USA LLC ($87500000)<br> ☐ Morgan Stanley & Co. LLC<br> ☒ MUFG Securities Americas Inc. ($87500000)<br> ☐ PNC Capital Markets LLC<br> ☒ Samuel A. Ramirez & Company, Inc. ($10000000)<br> ☒ RBC Capital Markets, LLC ($40000000)<br> ☐ Scotia Capital (USA) Inc.<br> ☒ TD Securities (USA) LLC ($40000000)<br> ☒ U.S. Bancorp Investments, Inc. ($87500000)<br> ☐ Wells Fargo Securities, LLC |

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**Foreign Ownership Limitation** 

**This pricing supplement, the prospectus and the prospectus supplement are not intended to constitute an offer to, and the Secured Medium-Term Notes, Series R offered hereby (the "Secured Medium-Term Notes") should not be purchased, held or otherwise acquired by, a "specified foreign entity" as defined in Section 7701(a)(51)(B) of the Internal Revenue Code of 1986, as amended (an "SFE"). By purchasing the Secured Medium-Term Notes, any investor in the Secured Medium-Term Notes (including all affiliated entities that participate in such purchase) will be deemed to represent and warrant to PSE&G that it is not, and will not be, for its taxable year that includes the date of the original issuance of the Secured Medium-Term Notes, an SFE.** 

**Redemption Provisions** 

The Secured Medium-Term Notes will be subject to redemption as described in the prospectus and prospectus supplement.

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Additionally, prior to July 1, 2055 (the date that is six months prior to the Maturity Date) (the "Par Call Date"), PSE&G may redeem the Secured Medium-Term Notes at its option, in whole or in part, at any time and from time to time on not less than 10 days' prior written notice to holders, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon
(including interest accrued to, but excluding, the redemption date) discounted to the redemption date (assuming the Secured Medium-Term Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 15.0 basis points (0.150%), less (b) interest accrued to, but
excluding, the redemption date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 100% of the principal amount of the Secured Medium-Term Notes to be redeemed,

plus, in either case, accrued and unpaid interest thereon to, but excluding, the redemption date.

On or after the Par Call Date, PSE&G may redeem the Secured Medium-Term Notes in whole or in part, at any time and from time to time on not less than 10 days' prior written notice to holders, at a redemption price equal to 100% of the principal amount of the Secured Medium-Term Notes being redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date.

"Treasury Rate" means, with respect to any redemption date, the yield determined by PSE&G in accordance with the following two paragraphs.

The Treasury Rate shall be determined by PSE&G after 4:15 p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third business day preceding the redemption date based upon the yield or yields for the most recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as "Selected Interest Rates (Daily) — H.15" (or any successor designation or publication) ("H.15") under the caption "U.S. government securities–Treasury constant maturities–Nominal" (or any successor caption or heading) ("H.15 TCM"). In determining the Treasury Rate, PSE&G shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the redemption date to the Par Call Date (the "Remaining Life"); or (2) if there is no such Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields — one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life — and shall interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the redemption date.

If on the third business day preceding the redemption date H.15 TCM is no longer published, PSE&G shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second business day preceding such redemption date of the United States Treasury security maturing on, or with a maturity that is closest to, the Par Call Date, as applicable. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity date equally distant from the Par Call Date, one with a maturity date preceding the Par Call Date and one with a maturity date following the Par Call Date, PSE&G shall select the United States Treasury security with a maturity date preceding the Par Call Date. If there are two or more United States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, PSE&G shall select from among these two or more United States Treasury securities the United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable

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United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places.

The Trustee shall not be responsible for any calculation of the Treasury Rate. PSE&G's actions and determinations in determining the redemption price shall be conclusive and binding for all purposes, absent manifest error.

Unless PSE&G defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the Secured Medium-Term Notes called for redemption.

**Use of Proceeds** 

PSE&G expects to use a portion of the net proceeds from this offering and the concurrent offering of $500.0 million 4.200% Secured Medium-Term Notes, Series R, due January 1, 2031 to (i) repay at maturity $450 million aggregate principal amount of our 0.95% Secured Medium-Term Notes, Series N, due March 15, 2026, including accrued but unpaid interest thereon, and (ii) repay indebtedness outstanding under our commercial paper program. As of December 31, 2025, we had approximately $325 million of indebtedness outstanding under our commercial paper program at an average interest rate of 3.89% per annum and with an average maturity of 12 days. The commercial paper indebtedness was incurred for working capital purposes. The remainder of the net proceeds will be used for general corporate purposes.

**No PRIIPs or UK PRIIPs KID** 

No PRIIPs or UK PRIIPs key information document ("KID") has been prepared as the Secured Medium-Term Notes are not available to retail investors in the European Economic Area or in the United Kingdom.

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

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| |
|:---|
| **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**S-3**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**PUBLIC SERVICE ELECTRIC & GAS CO**  |

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Security Type**  | **Security Class Title**  | **Fee Calculation or Carry Forward Rule**  | **Amount Registered**  | **Maximum Aggregate Offering Price**  | **Fee Rate**  | **Amount of Registration Fee**  |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees to be Paid | 1 | Debt | 5.625% Secured Medium-Term Notes, Series R, due January 1, 2056 | 457(o) | 500000000 | $500000000.00 | 0.0001381 | $69050.00 |
| Fees Previously Paid |  |  |  |  |  |  |  |  |
| **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** |
| Carry Forward Securities |  |  |  |  |  |  |  |  |
|  |  |  | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $500000000.00  |  | $69050.00  |
|  |  |  | Total Fees Previously Paid:  | Total Fees Previously Paid:  | Total Fees Previously Paid:  |  |  | $0.00  |
|  |  |  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  | $0.00  |
|  |  |  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  | $69050.00  |

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 **Offering Note** <br>

<sup>1</sup> Calculated in accordance with Rules 457(o) and 457(r) under the Securities Act of 1933 and relates to the Registration Statement on Form S-3 (No.333-275512) filed by Public Service Electric and Gas Company on November 13, 2023. <br>

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| | |
|:---|:---|
| | |
| **Rules 457(b) and 0-11(a)(2)** | **Rules 457(b) and 0-11(a)(2)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |
| **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type**  | **Security Class Title**  | **Amount of Securities Previously Registered**  | **Maximum Aggregate Offering Price of Securities Previously Registered**  | **Form Type**  | **File Number**  | **Initial Effective Date**  |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |

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