Document:

Exhibit 4a(28)

	
 

	
SUPPLEMENTAL MORTGAGE

	

Supplemental Indenture

Dated April 1, 2007

SUPPLEMENTAL TO 

FIRST AND REFUNDING MORTGAGE

DATED AUGUST 1, 1924

	
 

	
PUBLIC SERVICE ELECTRIC AND GAS COMPANY

	
TO

	
US BANK NATIONAL ASSOCIATION

	
Trustee 
21 South Street

	
Morristown, New Jersey 07960

	
 

	
PROVIDING FOR THE ISSUE OF

	
$850,000,000 FIRST AND REFUNDING MORTGAGE BONDS,

	
MEDIUM-TERM NOTES SERIES E

	
 

	

RECORD IN MORTGAGE BOOK AND RETURN TO:

JAMES T. FORAN, ESQ.

80 PARK PLAZA, T5B

NEWARK, N.J. 07102-4194

Prepared by 

(DONALD S. LEIBOWITZ, ESQ.) 

TABLE OF CONTENTS 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Page

	
RECITALS

	
 

	
1

	
FORM OF BOND

	
 

	
3

	
FORM OF CERTIFICATE OF AUTHENTICATION

	
 

	
5

	
GRANTING CLAUSES

	
 

	
6

	
 

	
ARTICLE I.

	
BONDS OF THE MEDIUM-TERM NOTES SERIES E.

	
 

	
DESCRIPTION OF SERIES

	
 

	
7

	
 

	
ARTICLE II.

	
REDEMPTION OF BONDS OF
MEDIUM-TERM NOTES SERIES E.

	
 

	
SECTION 2.01.

	
 

	
Redemption—Redemption
  Price

	
 

	
7

	
SECTION 2.02.

	
 

	
Redemptions Pursuant to
  Section 4C of

	
 

	
 

	
 

	
 

	
Article Eight of the Indenture

	
 

	
7

	
SECTION 2.03.

	
 

	
Interest on Called Bonds
  to Cease

	
 

	
8

	
SECTION 2.04.

	
 

	
Bonds Called in Part

	
 

	
8

	
SECTION 2.05.

	
 

	
Provisions of Indenture
  Not Applicable

	
 

	
8

	
 

	
ARTICLE III.

	
CREDITS WITH RESPECT TO BONDS OF THE

	
MEDIUM-TERM NOTES SERIES E.

	
 

	
SECTION 3.01.

	
 

	
Credits

	
 

	
8

	
SECTION 3.02.

	
 

	
Certificate of the Company

	
 

	
8

	
 

	
ARTICLE IV.

	
MISCELLANEOUS.

	
 

	
SECTION 4.01.

	
 

	
Authentication of Bonds of
  Medium-Term

	
 

	
 

	
 

	
 

	
Notes Series E

	
 

	
8

	
SECTION 4.02.

	
 

	
Additional Restrictions on
  Authentication of

	
 

	
 

	
 

	
 

	
Additional Bonds Under Indenture

	
 

	
8

	
SECTION 4.03.

	
 

	
Restriction on Dividends

	
 

	
9

	
SECTION 4.04.

	
 

	
Use of Facsimile Seal and
  Signatures

	
 

	
9

	
SECTION 4.05.

	
 

	
Time for Making of Payment

	
 

	
9

	
SECTION 4.06.

	
 

	
Effective Period of
  Supplemental Indenture

	
 

	
9

	
SECTION 4.07.

	
 

	
Effect of Approval of
  Board of Public Utilities

	
 

	
 

	
 

	
 

	
of the State of New Jersey

	
 

	
9

	
SECTION 4.08.

	
 

	
Execution in Counterparts

	
 

	
9

	
ACKNOWLEDGEMENTS

	
 

	
10

	
CERTIFICATE OF RESIDENCE

	
 

	
12

          SUPPLEMENTAL
INDENTURE, dated the 1st day of April 2007, for convenience of reference and
effective from the time of execution and delivery hereof, between PUBLIC SERVICE ELECTRIC
AND GAS COMPANY, a corporation organized under the laws of
the State of New Jersey, hereinafter called the “Company”, party of the first
part, and US Bank National Association, a national banking association
organized under the laws of the United States of America, as successor Trustee
to Wachovia Bank, National Association (previously known as Fidelity Union
Trust Company) under the indenture dated August 1, 1924, below mentioned,
hereinafter called the “Trustee”, party of the second part.

          WHEREAS,
on July 25, 1924, the Company executed and delivered to FIDELITY UNION TRUST
COMPANY, a certain
indenture dated August 1, 1924 (hereinafter called the “Indenture”) to secure
and to provide for the issue of First and Refunding Mortgage Gold Bonds of the
Company; and

          WHEREAS, the Indenture has been recorded in the following
counties of the
State of New Jersey, in the offices, and therein in the books and at the pages,
as follows: 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
County 

	
  

	
Office 

	
  

	
  

	
Book
Number  

	
  

	
Page

Number 

	

	
Atlantic

	
 

	
Clerk’s

	
 

	
1955

	
 of Mortgages

	
 

	
160

	
Bergen

	
 

	
Clerk’s

	
 

	
94

	
 of Chattel Mortgages

	
 

	
123
  etc.

	
 

	
 

	
 

	
 

	
693

	
 of Mortgages

	
 

	
88
  etc.

	
Burlington

	
 

	
Clerk’s

	
 

	
52

	
 of Chattel Mortgages

	
 

	
Folio
  8 etc.

	
 

	
 

	
 

	
 

	
177

	
 of Mortgages

	
 

	
Folio
  354 etc.

	
Camden

	
 

	
Register’s

	
 

	
45

	
 of Chattel Mortgages

	
 

	
184
  etc.

	
 

	
 

	
 

	
 

	
239

	
 of Mortgages

	
 

	
1 etc.

	
Cumberland

	
 

	
Clerk’s

	
 

	
786

	
 of Mortgages

	
 

	
638
  & c.

	
Essex

	
 

	
Register’s

	
 

	
437

	
 of Chattel Mortgages

	
 

	
1-48

	
 

	
 

	
 

	
 

	
T-51

	
 of Mortgages

	
 

	
341-392

	
Gloucester

	
 

	
Clerk’s

	
 

	
34

	
 of Chattel Mortgages

	
 

	
123
  etc.

	
 

	
 

	
 

	
 

	
142

	
 of Mortgages

	
 

	
7
  etc.

	
Hudson

	
 

	
Register’s

	
 

	
453

	
 of Chattel Mortgages

	
 

	
9
  etc.

	
 

	
 

	
 

	
 

	
1245

	
 of Mortgages

	
 

	
484,
  etc.

	
Hunterdon

	
 

	
Clerk’s

	
 

	
151

	
 of Mortgages

	
 

	
344

	
Mercer

	
 

	
Clerk’s

	
 

	
67

	
 of Chattel Mortgages

	
 

	
1
  etc.

	
 

	
 

	
 

	
 

	
384

	
 of Mortgages

	
 

	
1
  etc.

	
Middlesex

	
 

	
Clerk’s

	
 

	
113

	
 of Chattel Mortgages

	
 

	
3
  etc.

	
 

	
 

	
 

	
 

	
437

	
 of Mortgages

	
 

	
294
  etc.

	
Monmouth

	
 

	
Clerk’s

	
 

	
951

	
 of Mortgages

	
 

	
291
  & c.

	
Morris

	
 

	
Clerk’s

	
 

	
N-3

	
 of Chattel Mortgages

	
 

	
446
  etc.

	
 

	
 

	
 

	
 

	
F-10

	
 of Mortgages

	
 

	
269
  etc.

	
Ocean

	
 

	
Clerk’s

	
 

	
1809

	
 of Mortgages

	
 

	
40

	
Passaic

	
 

	
Register’s

	
 

	
M-6

	
 of Chattel Mortgages

	
 

	
178,
  etc.

	
 

	
 

	
 

	
 

	
R-13

	
 of Mortgages

	
 

	
268
  etc.

	
Salem

	
 

	
Clerk’s

	
 

	
267

	
 of Mortgages

	
 

	
249
  etc.

	
Somerset

	
 

	
Clerk’s

	
 

	
46

	
 of Chattel Mortgages

	
 

	
207
  etc.

	
 

	
 

	
 

	
 

	
N-10

	
 of Mortgages

	
 

	
1
  etc.

	
Sussex

	
 

	
Clerk’s

	
 

	
123

	
 of Mortgages

	
 

	
10
  & c.

	
Union

	
 

	
Register’s

	
 

	
9584

	
 of Mortgages

	
 

	
259
  etc.

	
Warren

	
 

	
Clerk’s

	
 

	
124

	
 of Mortgages

	
 

	
141
  etc.

2

and 

          WHEREAS, the
Indenture has also been
recorded in the following counties of the Commonwealth of Pennsylvania, in the
offices, and therein in the books and at the pages, as follows: 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Page

  Number

	
County

	
 

	
Office

	
 

	
Book Number

	
 

	

	
Adams

	
 

	
Recorder’s

	
 

	
22
  of Mortgages

	
 

	
105

	
Armstrong

	
 

	
Recorder’s

	
 

	
208
  of Mortgages

	
 

	
381

	
Bedford

	
 

	
Recorder’s

	
 

	
90
  of Mortgages

	
 

	
917

	
Blair

	
 

	
Recorder’s

	
 

	
671
  of Mortgages

	
 

	
430

	
Cambria

	
 

	
Recorder’s

	
 

	
407
  of Mortgages

	
 

	
352

	
Cumberland

	
 

	
Recorder’s

	
 

	
500
  of Mortgages

	
 

	
136

	
Franklin

	
 

	
Recorder’s

	
 

	
285
  of Mortgages

	
 

	
373

	
Huntington

	
 

	
Recorder’s

	
 

	
128
  of Mortgages

	
 

	
47

	
Indiana

	
 

	
Recorder’s

	
 

	
197
  of Mortgages

	
 

	
281

	
Lancaster

	
 

	
Recorder’s

	
 

	
984
  of Mortgages

	
 

	
1

	
Montgomery

	
 

	
Recorder’s

	
 

	
5053
  of Mortgages

	
 

	
1221

	
Westmoreland

	
 

	
Recorder’s

	
 

	
1281
  of Mortgages

	
 

	
198

	
York

	
 

	
Recorder’s

	
 

	
31-V
  of Mortgages

	
 

	
446

and 

          WHEREAS, the Indenture granted,
bargained, sold, aliened, remised, released, conveyed, confirmed, assigned,
transferred and set over unto the Trustee certain property of the Company, more
fully set forth and described in the Indenture, then owned or which might
thereafter be acquired by the Company; and 

          WHEREAS, the Company, by various
supplemental indentures, supplemental to the Indenture, the last of which was
dated August 1, 2004 (No. 4), has granted, bargained, sold, aliened, remised,
released, conveyed, confirmed, assigned, transferred and set over unto the
Trustee certain property of the Company acquired by it after the execution and
delivery of the Indenture; and 

          WHEREAS, since the execution and
delivery of said supplemental indenture dated August 1, 2004 (No. 4), the
Company has acquired property which, in accordance with the provisions of the
Indenture, is subject to the lien thereof and the Company desires to confirm
such lien; and 

          WHEREAS, the Indenture has been amended
or supplemented from time to time; and 

          WHEREAS, it is provided in the Indenture
that no bonds other than those of the 5-1/2% Series due 1959 therein authorized
may be issued thereunder unless a supplemental indenture providing for the
issue of such additional bonds shall have been executed and delivered by the
Company to the Trustee; and 

          WHEREAS, the Company is making
provisions for the issuance and sale of its Secured Medium-Term Notes, Series E
(the “Series E Notes”), to be issued under an Indenture of Trust (the “Note
Indenture”) dated as of July 1, 1993 between the Company and The Chase
Manhattan Bank (National Association) as predecessor trustee (The Bank of New
York, as successor trustee to the predecessor trustee), as Trustee (the “Note
Trustee”); and 

          WHEREAS, such Note Indenture provides,
among other things, for the pledge and delivery by the Company of a series of
First and Refunding Mortgage Bonds of the Company to evidence the Company’s
obligation to pay the principal and interest with respect to outstanding Series
E Notes; and for such purpose and in order to service and secure payment of the
principal and interest in respect of the Series E Notes, the Company desires to
provide for the issue of $850,000,000 aggregate principal amount of bonds under
the Indenture of a series to be designated as “First and Refunding Mortgage
Bonds, Medium-Term Notes Series E” (hereinafter sometimes called “Bonds of the
Medium-Term Notes Series E”); and 

          WHEREAS, the text of the Bonds of the
Medium-Term Notes Series E and of the certificate of authentication to be borne
by the Bonds of the Medium-Term Notes Series E shall be substantially of the
following tenor: 

3

(FORM OF BOND)

This Bond is not transferable
except as provided in the Indenture and in the Indenture of Trust dated as of
July 1, 1993 between the Company and The Chase Manhattan Bank (National
Association) (The Bank of New York, successor trustee) as Trustee. 

	
 

	
 

	
 

	
REGISTERED

	
REGISTERED

	
 

	
NUMBER

	
AMOUNT

	
 

	
R

	
$850,000,000

PUBLIC SERVICE ELECTRIC AND GAS COMPANY

FIRST AND REFUNDING MORTGAGE BOND, 

MEDIUM-TERM NOTES SERIES E

          Public
Service Electric and Gas Company (hereinafter called the “Company”), a
corporation of the State of New Jersey, for value received, hereby promises to
pay to The Bank of New York as succssor trustee to The Chase Manhattan Bank
(National Association)), under the Indenture of Trust dated as of July 1, 1993
between the Company and such trustee, or registered assigns, on the surrender
hereof, the principal sum of Eight Hundred Fifty Million Dollars, on April 1,
2042, and to pay interest thereon from the date hereof, at the rate of 10% per
annum, and until payment of said principal sum, such interest to be payable
April 1 and October 1 in each year; provided, however, that the Company shall
receive certain credits against such obligations as set forth in the
Supplemental Indenture dated April 1, 2007 referred to below. 

          Both
the principal hereof and interest hereon shall be paid at the principal
corporate trust office of US Bank National Association in the City of
Morristown, State of New Jersey, or (at the option of the registered owner) at
the corporate trust office of any paying agent appointed by the Company, in
such coin or currency of the United States of America as at the time of payment
shall constitute legal tender for the payment of public and private debts;
provided, however, that any such payments of principal and interest shall be
subject to receipt of certain credits against such payment obligations as set
forth in the Supplemental Indenture dated April 1, 2007 referred to below. 

          This
Bond is one of the First and Refunding Mortgage Bonds of the Company issued and
to be issued under and pursuant to, and all equally secured by, an indenture of
mortgage or deed of trust dated August 1, 1924, as supplemented and amended by
supplemental indentures thereto, including the Supplemental Indenture dated
April 1, 2007, duly executed by the Company and US Bank National Association as
Trustee. This Bond is one of the Bonds of the Medium-Term Notes Series E, which
series is limited to the aggregate principal amount of $850,000,000 and is
issued pursuant to said Supplemental Indenture dated April 1, 2007. Reference
is hereby made to said indenture and all supplements thereto for a
specification of the principal amount of Bonds from time to time issuable
thereunder, and for a description of the properties mortgaged and conveyed or
assigned to said Trustee or its successors, the nature and extent of the
security, and the rights of the holders of said Bonds and any coupons
appurtenant thereto, and of the Trustee in respect of such security. 

          In
and by said indenture, as amended and supplemented, it is provided that with
the written approval of the Company and the Trustee, any of the provisions of
said indenture may from time to time be eliminated or modified and other
provisions may be added thereto provided the change does nor alter the annual
interest rate, redemption price or date, date of maturity or amount payable on
maturity of any then outstanding Bond or conflict with the Trust Indenture Act
of 1939 as then in effect, and provided the holders of 85% in principal amount
of the Bonds secured by said indenture and then outstanding (including, if such
change affect the Bonds of one or more series but less than all series then
outstanding, a like percentage of the then outstanding Bonds of each series
affected by such change, and excluding Bonds owned or controlled by the Company
or by the parties owning at least 10% of the outstanding voting stock of the
Company, as more fully specified in said indenture) consent in writing thereto,
all as more fully set forth in said indenture, as amended and supplemented. 

4

          First
and Refunding Mortgage Bonds issuable under said indenture are issuable in
series, and the Bonds of any series may be for varying principal amounts and in
the form of coupon bonds and of registered bonds without coupons, and the Bonds
of any one series may differ from the Bonds of any other series as to date,
maturity, interest rate and otherwise, all as in said indenture provided and
set forth. The Bonds of the Medium-Term Notes Series E, in which this Bond is
included, are designated “First and Refunding Mortgage Bonds, Medium-Term Notes
Series E”. 

          In
case of the happening of an event of default as specified in said indenture and
said supplemental indenture dated March 1, 1942, the principal sum of the Bonds
of this series may be declared or may become due and payable forthwith, in the
manner and with the effect in said indenture provided. 

          The
Bonds of this series are subject to redemption as provided in the Supplemental
Indenture dated April 1, 2007. 

          This
Bond is transferable, but only as provided in said indenture and the Indenture
of Trust dated as of July 1, 1993 between the Company and The Chase Manhattan
Bank (National Association) as predecessor trustee (The Bank of New York, as
successor trustee to the predecessor trustee), as trustee, upon surrender
hereof, by the registered owner in person or by attorney duly authorized in
writing, at either of said offices where the principal hereof and interest
hereon are payable; upon any such transfer a new fully registered Bond similar
hereto will be issued to the transferee. This Bond may in like manner be
exchanged for one or more new fully registered Bonds of the same series of
other authorized denominations but of the same aggregate principal amount. No
service charge shall be made for any such transfer or exchange, but the Company
may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto. The Company and the Trustee
hereunder and any paying agent may deem and treat the person in whose name this
Bond is registered as the absolute owner hereof for the purpose of receiving
payment of or on account of the principal hereof and the interest hereon and
for all other purposes; and neither the Company nor the Trustee hereunder nor
any paying agent shall be affected by any notice to the contrary. 

          The
Bonds of this series are issuable only in fully registered form, in any
denomination authorized by the Company. 

          No
recourse under or upon any obligation, covenant or agreement contained in said
indenture or in any indenture supplemental thereto, or in any Bond issued
thereunder, or because of any indebtedness arising thereunder, shall be had
against any incorporator, or against any past, present or future stockholder,
officer, or director, as such, of the Company or of any successor corporation,
either directly or through the Company or any successor corporation, under any
rule of law, statute or constitutional provision or by the enforcement of any
assessment or by any legal or equitable proceeding or otherwise, it being
expressly agreed and understood that said indenture, any indenture supplemental
thereto and the obligations issued thereunder, are solely corporate
obligations, and that no personal liability whatever shall attach to, or be
incurred by, such incorporators, stockholders, officers or directors, as such,
of the Company, or of any successor corporation, or any of them, because of the
incurring of the indebtedness thereby authorized, or under or by reason of any
of the obligations, covenants or agreements contained in the indenture or in
any indenture supplemental thereto or in any of the Bonds issued thereunder, or
implied therefrom. 

          This
Bond shall not be entitled to any security or benefit under said indenture, as
amended and supplemented, and shall not become valid or obligatory for any
purpose, until the certificate of authentication, hereon endorsed, shall have
been signed by US Bank National Association as Trustee, or by its successor in
trust under said indenture. 

5

          IN WITNESS WHEREOF, the
Company has caused this Bond to be duly executed by its proper officers under
its corporate seal.

Dated 

	
 

	
 

	
 

	
 

	
PUBLIC SERVICE ELECTRIC AND GAS COMPANY,

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
(Vice) President

	
 

	
 

	
 

	
(Seal)

	
 

	
 

	
 

	
 

	
 

	
Attest:

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
(Assistant)
 Secretary

	
 

	
 

	
 

	
 

	
 

(FORM OF CERTIFICATE OF AUTHENTICATION)

CERTIFICATE OF AUTHENTICATION

          This
Bond is one of the Bonds of the series designated therein which is described in
the within-mentioned indenture and supplemental indenture dated April 1, 2007,
as secured thereby. 

	
 

	
 

	
 

	
 

	
US BANK NATIONAL ASSOCIATION,
 TRUSTEE,

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Authorized Signatory

6

          WHEREAS, the execution and delivery of
this supplemental indenture have been duly authorized by the Board of Directors
of the Company; and 

          WHEREAS, the Company represents that all
things necessary to make the bond of the series hereinafter described, when
duly authenticated by the Trustee and issued by the Company, a valid, binding
and legal obligation of the Company, and to make this supplemental indenture a
valid and binding agreement supplemental to the Indenture, have been done and
performed: 

          NOW, THEREFORE, THIS
SUPPLEMENTAL INDENTURE WITNESSETH that the Company, in consideration of
the premises and the execution and delivery by the Trustee of this supplemental
indenture, and in pursuance of the covenants and agreements contained in the
Indenture and for other good and valuable consideration, the receipt of which
is hereby acknowledged, has granted, bargained, sold, aliened, remised,
released, conveyed, confirmed, assigned, transferred and set over, and by these
presents does grant, bargain, sell, alien, remise, release, convey, confirm,
assign, transfer and set over unto the Trustee, its successors and assigns,
forever, all the right, title and interest of the Company in and to all
property of every kind and description (except cash, accounts and bills
receivable and all merchandise bought, sold or manufactured for sale in the
ordinary course of the Company’s business, stocks, bonds or other corporate
obligations or securities, other than such as are described in Part V of the
Granting Clauses of the Indenture, not acquired with the proceeds of bonds
secured by the Indenture, and except as in the Indenture and herein otherwise
expressly excluded) acquired by the Company since the execution and delivery of
the supplemental indenture dated August 1, 2004 (No. 4), subsequent to the
Indenture (except any such property duly released from, or disposed of, free from
the lien of the Indenture, in accordance with the provisions thereof) and all
such property which at any time hereafter may be acquired by the Company; 

          All
of which property it is intended shall be included in and granted by this
supplemental indenture and covered by the lien of the Indenture as heretofore
and hereby amended and supplemented;

          UNDER AND SUBJECT to any encumbrances or
mortgages existing on property acquired by the Company at the time of such
acquisition and not heretofore discharged of record; and 

          SUBJECT also, to the exceptions,
reservations and provisions in the Indenture and in this supplemental indenture
recited, and to the liens, reservations, exceptions, limitations, conditions
and restrictions imposed by or contained in the several deeds, grants,
franchises and contracts or other instruments through which the Company
acquired or claims title to the aforesaid property; and Subject, also, to the
existing leases, to liens on easements or rights of way, to liens for taxes,
assessments and governmental charges not in default or the payment of which is
deferred, pending appeal or other contest by legal proceedings, pursuant to
Section 4 of Article Five of the indenture, or the payment of which is deferred
pending billing, transfer of title or final determination of amount, to
easements for alleys, streets, highways, rights of way and railroads that may
run across or encroach upon the said property, to joint pole and similar
agreements, to undetermined liens and charges, if any, incidental to
construction, and other encumbrances permitted by the indenture as heretofore
and hereby amended and supplemented; 

          TO HAVE AND TO HOLD the property hereby
conveyed or assigned, or intended to be conveyed or assigned, unto the Trustee,
its successor or successors and assigns, forever; 

          IN TRUST, NEVERTHELESS,
upon the terms, conditions and trusts set forth in the Indenture as heretofore
and hereby amended and supplemented, to the end that the said property shall be
subject to the lien of the Indenture as heretofore and hereby amended and
supplemented, with the same force and effect as though said property had been
included in the Granting Clauses of the Indenture at the time of the execution
and delivery thereof; 

          AND THIS SUPPLEMENTAL INDENTURE FURTHER
WITNESSETH that for the considerations aforesaid, it is hereby
covenanted between the Company and the Trustee as follows: 

7

ARTICLE I.

BONDS OF THE MEDIUM-TERM NOTES SERIES E.

          The
series of bonds authorized by this supplemental indenture to be issued under
and secured by the Indenture shall be designated “First and Refunding Mortgage
Bonds, Medium-Term Notes Series E”; shall be limited to the aggregate principal
amount of $850,000,000; shall be issued initially to the Note Trustee and shall
mature and bear interest as set forth in the form of bond set forth herein;
provided, however, that the Company shall receive certain credits against
principal and interest as set forth in Section 3.01 hereof. The date of each
Bond of the Medium-Term Notes Series E shall be the interest payment date next
preceding the date of authentication, unless such date of authentication be an
interest payment date, in which case the date shall be the date of
authentication, or unless such date of authentication be prior to the first
semi-annual interest payment date, in which case the date shall be April 1,
2007. 

          Bonds
of the Medium-Term Notes Series E shall be issuable only in the form of fully
registered bonds in any denomination authorized by the Company. Interest on the
Bonds of the Medium-Term Notes Series E shall be payable semi-annually in
arrears on April 1 and October 1 of each year, payable initially on October 1,
2007, subject to receipt of certain credits against principal and interest as
set forth in Section 3.01 hereof and shall be payable as to both principal and
interest in such coin or currency of the United States of America as at the
time of payment shall constitute legal tender for the payment of public and
private debts, at the principal corporate trust office of the Trustee, or at
the corporate trust office of any paying agent appointed.

          
Bonds of the Medium-Term Notes Series E shall be transferable and exchangeable,
but only as provided in the Indenture and the Note Indenture, upon surrender
thereof for cancellation by the registered owner in person or by attorney duly
authorized in writing at either of said offices. The Company hereby waives any
right to make a charge for any transfer or exchange of Bonds of the Medium-Term
Notes Series E, but the Company may require payment of a sum sufficient to
cover any tax or any other governmental charge that may be imposed in relation
thereto. 

ARTICLE II.

REDEMPTION OF BONDS OF MEDIUM-TERM NOTES SERIES E.

          Section
2.01. Redemption—Redemption Price. Bonds of the Medium-Term Notes Series E
shall be subject to redemption prior to maturity under the conditions, and upon
payment of the amounts as may be specified in the following conditions:

	
 

	
 

	
 

	
          (a) at any
 time in whole or in part at the option of the Company upon receipt by the
 Trustee of written certification of the Company and of the Note Trustee that
 the principal amount of the Series E Notes then outstanding under the Note
 Indenture is not in excess of such principal amount of the Bonds of the
 Medium-Term Notes Series E as shall remain pledged to the Note Trustee after
 giving effect to such redemption; or (b) at any time by the application of
 any proceeds of released property or other money held by the Trustee and
 which, pursuant to Section 4C of Article Eight of the Indenture, as amended
 and supplemented, are applied to the redemption of Bonds of the Medium-Term
 Notes Series E, upon payment of 100% of the principal amount thereof, together
 with interest accrued to the redemption date, provided that any such payment
 shall be subject to receipt by the Company of certain credits against such
 obligations as set forth in Section 3.01 hereof. 

          SECTION 2.02. Redemptions Pursuant to
Section 4C of Article Eight of the Indenture. If, pursuant to Section 4C of
Article Eight of the Indenture, as amended and supplemented, any proceeds of
released property or other money then held by the Trustee shall be applied to
the redemption of the Bonds of the Medium-Term Notes Series E, the Trustee
shall give at least 45 days prior written notice of such redemption to the Note
Trustee whereupon on the date fixed for redemption such principal amount
thereof as is equal to such proceeds shall be redeemed; provided that no such
redemption shall be made unless the Trustee shall be in receipt of a written
certification of the Company and the Note Trustee that a like principal amount
of Series E Notes shall have been theretofore redeemed in accordance with the provisions
of the Note Indenture. For purposes of determining which of the Company’s First
and Refunding Mortgage Bonds are subject to such mandatory redemption, the
Mortgage Trustee shall consider the 10% stated annual interest rate of the
Bonds of the Medium-Term Notes Series E, not the weighted average interest rate
of outstanding Series E Notes. Bonds of said series so redeemed shall be
cancelled.

8

          SECTION 2.03. Interest on Called Bonds
to Cease. Each Bond of the Medium-Term Notes Series E or portion thereof called
for redemption under Section 2.02 hereof shall be due and payable at the office
of the Note Trustee, as paying agent hereunder, at its redemption price and on
the specified redemption date, anything herein or in such Bond to the contrary
notwithstanding. From and after the date when each Bond of the Medium-Term
Notes Series E or portion thereof shall be due and payable as aforesaid (unless
upon said date the full amount due thereon shall not be held by the Note
Trustee, as paying agent hereunder, and be immediately available for payment),
all further interest shall cease to accrue on such bond or on such portion
thereof, as the case may be. 

          SECTION 2.04. Bonds Called in Part. If
only a portion of any Bond of the Medium-Term Notes Series E shall be called
for redemption pursuant to Section 2.02 hereof, upon payment of the portion so
called for redemption, the Note Trustee shall make an appropriate notation upon
the Bond of the principal amount so redeemed. 

          SECTION 2.05. Provisions of Indenture
Not Applicable. The provisions of Article Four of the Indenture, as amended and
supplemented, shall not apply to the procedure for the exercise of any right of
redemption reserved by the Company, or to any mandatory redemption provided, in
this Article in respect of the Bonds of the Medium-Term Notes Series E. There
shall be no sinking fund for the Bonds of the Medium-Term Notes Series E. 

ARTICLE III. 

CREDITS WITH RESPECT TO BONDS OF THE MEDIUM-TERM NOTES SERIES E.

          Section
3.01. Credits. In addition to any other credit, payment or satisfaction to
which the Company is entitled with respect to the Bonds of the Medium-Term
Notes Series E, the Company shall be entitled to credits against amounts
otherwise payable in respect of the Bonds of the Medium-Term Notes Series E in
an amount corresponding to (i) the principal amount of any of the Company’s
Series E Notes issued under the Note Indenture surrendered to the Note Trustee
by the Company, or purchased by the Note Trustee, for cancellation, (ii) the
amount of money held by the Note Trustee and available and designated for the
payment of principal or redemption price (exclusive of any premium) of, and/or
interest on, the Series E Notes, regardless of the source of payment to the
Note Trustee of such moneys and (iii) the amount by which principal of and
interest due on the Bonds of the Medium-Term Notes Series E exceeds principal
of and interest due on the Series E Notes. The Note Trustee shall make notation
on such Bonds authorized hereby of any such credit. 

          SECTION 3.02. Certificate of the
Company. A certificate of the Company signed by the President or any Vice
President, and attested to by the Secretary or any Assistant Secretary, and
consented to by the Note Trustee, stating that the Company is entitled to a
credit under Section 3.01 hereof or that Bonds of the Medium-Term Notes Series
E have been cancelled, and setting forth the basis therefor in reasonable
detail, shall be conclusive evidence of such entitlement, and the Trustee shall
accept such certificate as such evidence without further investigation or
verification of the matters stated therein. 

ARTICLE IV.

MISCELLANEOUS.

          Section
4.01. Authentication of Bonds of Medium-Term Notes Series E. None of the Bonds
of the Medium-Term Notes Series E, the issue of which is provided for by this
supplemental indenture, shall be authenticated by or on behalf of the Trustee
except in accordance with the provisions of the Indenture, as amended and
supplemented, and this supplemental indenture, and upon compliance with the
conditions in that behalf therein contained. 

          SECTION 4.02. Additional Restrictions on
Authentication of Additional Bonds Under Indenture. The Company covenants that
from and after the date of execution of this supplemental indenture no
additional bonds (as defined in Section 1 of Article Two of the Indenture)
shall be authenticated and delivered by the Trustee under Subdivision A of
Section 4 of said Article Two on account of additions or improvements to the
mortgaged property; 

9

	
 

	
 

	
 

	
         (1) unless
 the net earnings of the Company for the period required by Subdivision C of
 Section 6 of said Article Two shall have been at least twice the fixed
 charges (in lieu of 1-3/4 times such fixed charges, as required by said
 Subdivision C); and for the purpose of this condition (a) such fixed charges
 shall in each case include interest on the bonds applied for,
 notwithstanding the parenthetical provision contained in clause (4) of said
 Subdivision C, and (b) in computing such net earnings there shall be included
 in expenses of operation (under paragraph (c) of said Subdivision C) all
 charges against earnings for depreciation, renewals or replacements, and all
 certificates with respect to net earnings delivered to the Trustee in
 connection with any authentication of additional bonds under said Article Two
 shall so state; and (2) except to the extent of 60% (in lieu of 75% as
 permitted by Subdivision A of Section 7 of said Article Two) of the cost or
 fair value to the Company of the additions or improvements forming the basis
 for such authentication of additional bonds. 

          SECTION 4.03. Restriction on Dividends.
The Company will not declare or pay any dividend on any shares of its common
stock (other than dividends payable in shares of its common stock) or make any
other distribution on any such shares, or purchase or otherwise acquire any
such shares (except shares acquired without cost to the Company) whenever such
action would reduce the earned surplus of the Company to an amount less than
$10,000,000 or such lesser amount as may remain after deducting from said
$10,000,000 all amounts appearing in the books of account of the Company on
December 31, 1948, which shall thereafter, pursuant to any order or rule of any
regulatory body entered after said date, be required to be removed, in whole or
in part, from the books of account of the Company by charges to earned surplus.

          SECTION 4.04. Use of Facsimile Seal and
Signatures. The seal of the Company and any or all signatures of the officers
of the Company upon any of the Bonds of the Medium-Term Notes Series E may be
facsimiles.

           SECTION 4.05. Time
for Making of Payment. All payments of principal or redemption price of, and
interest on, the Bonds of the Medium-Term Notes Series E shall be made either
prior to the due date thereof or on the due date thereof in immediately
available funds. In any case where the date of any such payment shall be a
Saturday or Sunday or a legal holiday or a day on which banking institutions in
the city of payment are authorized by law to close, then such payment need not
be made on such date but may be made on the next succeeding business day with
the same force and effect as if made on the due date, and no interest on such
payment shall accrue for the period after such date. 

          SECTION 4.06. Effective Period of
Supplemental Indenture. The preceding provisions of Articles I, II and III of
this supplemental indenture shall remain in effect only so long as any of the
Bonds of the Medium-Term Notes Series E shall remain outstanding. 

          SECTION 4.07. Effect of Approval of
Board of Public Utilities of the State of New Jersey. The approval of the Board
of Public Utilities of the State of New Jersey of the execution and delivery of
these presents and of the issue of any Bond of the Medium-Term Notes Series E
shall not be construed as approval of said Board of any other act, matter or
thing which requires approval of said Board under the laws of the State of New
Jersey. 

          SECTION 4.08. Execution in Counterparts.
For the purpose of facilitating the recording hereof, this supplemental
indenture has been executed in several counterparts, each of which shall be and
shall be taken to be an original, and all collectively but one instrument. 

10

          IN WITNESS WHEREOF, Public Service
Electric and Gas Company, party hereto of the first part, after due corporate
and other proceedings, has caused this supplemental indenture to be signed and
acknowledged or proved by its President or one of its Vice Presidents and its
corporate seal hereunto to be affixed and to be attested by the signature of
its Secretary or an Assistant Secretary; and US Bank National Association, as
Trustee, party hereto of the second part, has caused this supplemental indenture
to be signed and acknowledged or proved by its President or one of its Vice
Presidents, and its corporate seal to be hereunto affixed and to be attested by
the signature of its Secretary, Assistant Secretary; Vice President, or an
Assistant Vice President. Executed and delivered this 5th day of April 2007.

	
 

	
 

	
 

	
 

	
Attest:

	
 

	
 

	
 

	
 

	
 

	
 

	
PUBLIC SERVICE ELECTRIC AND

	
 

	
 

	
GAS COMPANY

	
 

	
 

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	 	

	
 

	
 

	 	
M. A. Plawner

	
 

	
 

	 	
Vice President

	
 

	
Attest:

	
 

	 	
 

	
 

	
 

	 	
 

	

	
 

	 	
 

	
S.L. Guibord

	
 

	 	
 

	
Assistant Secretary

	
 

	 	
 

	
 

	
 

	 	
 

	
 

	
 

	
US BANK NATIONAL ASSOCIATION

	
 

	
 

	 	
 

	
 

	
 

	
By

	
 

	
 

	
 

	 	

	
 

	
 

	 	
N. Barnes

	
 

	
 

	 	
Vice
  President

	
 

	
Attest:

	
 

	 	
 

	
 

	
 

	 	
 

	

	
 

	 	
 

	
T. Brett

	
 

	 	
 

	
Assistant Vice President

	
 

	 	
 

11

	
 

	
 

	
 

	
 

	
STATE OF NEW JERSEY

	
)

	
 

	
 

	
 

	
SS:)
  

	
 

	
 

	
COUNTY OF ESSEX 

	
)

	
 

	
 

          Be
it Remembered, that on this 5th day of April, 2007, before me, the subscriber,
a Notary Public of the State of New Jersey, personally appeared M.A. Plawner,
who, I am satisfied, is a Vice President of Public Service Electric and Gas
Company, one of the corporations named in and which executed the foregoing instrument,
and is the person who signed the said instrument as such officer, for and on
behalf of such corporation, and I having first made known to him the contents
thereof, he did acknowledge that he signed the said instrument as such officer,
that the said instrument was made by such corporation and sealed with its
corporate seal, that the said instrument is the voluntary act and deed of such
corporation, made by virtue of authority from its Board of Directors, and that
said corporation the mortgagor, has received a true copy of said instrument. 

	
 

	
 

	
 

	

	
 

	
June Barnett

	
 

	
Notary
  Public of New Jersey

	
 

	
My
  Commission Expires July 31, 2008

	
 

	
 

	
 

	
STATE OF NEW JERSEY

	
)

	
 

	
 

	
SS:)

	
 

	
COUNTY OF ESSEX

	
)

	
 

          Be
it Remembered, that on this 5th day of April 2007, before me, the subscriber, a
Notary Public of the State of New Jersey, personally appeared Norman Barnes,
who, I am satisfied, is a Vice President of US Bank National Association, one
of the corporations named in and which executed the foregoing instrument, and
is the person who signed the said instrument as such officer, for and on behalf
of such corporation, and I having first made known to him the contents thereof,
he did acknowledge that he signed the said instrument as such officer, that the
said instrument was made by such corporation and sealed with its corporate
seal, and that the said instrument is the voluntary act and deed of such
corporation, made by virtue of authority from its Board of Directors. 

	
 

	
 

	
 

	

	
 

	
Melody
  Nedrick 

	
 

	
Notary
  Public of New Jersey 

	
 

	
My
  Commission Expires March 3, 2010 

12

CERTIFICATE OF RESIDENCE

          US
Bank National Association, Mortgagee and Trustee within named, hereby certifies
that its precise residence is 21 South Street, Morristown, New Jersey 07960. 

	
 

	
 

	
 

	
 

	
US BANK NATIONAL ASSOCIATION 

	
 

	 	
 

	
 

	
By  

	
   

	
 

	 	

	
 

	 	
N. Barnes 

	
 

	 	
Vice PresidentExhibit 10a(1)

LIMITED SUPPLEMENTAL BENEFITS PLAN

FOR CERTAIN EMPLOYEES OF

PUBLIC SERVICE ENTERPRISE GROUP
INCORPORATED

AND
ITS SUBSIDIARIES

Amended April 2007, Effective as of January 1,
2006

LIMITED SUPPLEMENTAL BENEFITS PLAN

FOR CERTAIN EMPLOYEES OF

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
AND ITS SUBSIDIARIES

TABLE OF CONTENTS

	
 

	
 

	
 

	
 

	
 

	
Page 

	
 

	
 

	
 

	
1.

	
PURPOSE

	
1

	
 

	
 

	
 

	
2.

	
DEFINITIONS
 OF TERMS USED IN THE PLAN

	
1

	
 

	
 

	
 

	
3.

	
DEATH
 BENEFIT

	
5

	
 

	
 

	
 

	
4.

	
RETIREMENT
 BENEFIT

	
5

	
 

	
 

	
 

	
5.

	
ADMINISTRATION
 OF ACCOUNTS

	
9

	
 

	
 

	
 

	
6.

	
DESIGNATION
 OF BENEFICIARIES

	
10

	
 

	
 

	
 

	
7.

	
LIMITATION
 OF BENEFITS

	
11

	
 

	
 

	
 

	
8.

	
PLAN
 DOES NOT CONSTITUTE AN EMPLOYMENT AGREEMENT

	
11

	
 

	
 

	
 

	
9.

	
AMENDMENT
 OR TERMINATION OF THE PLAN

	
11

	
 

	
 

	
 

	
10.

	
WHAT
 CONSTITUTES NOTICE

	
11

	
 

	
 

	
 

	
11.

	
ADVANCE
 DISCLAIMER OF WAIVER

	
12

	
 

	
 

	
 

	
12.

	
EFFECT
 OF INVALIDITY OF ANY PART OF THE PLAN

	
12

	
 

	
 

	
 

	
13.

	
PLAN
 BINDING ON ANY SUCCESSOR

	
12

	
 

	
 

	
 

	
14.

	
FUNCTION
 OF THE COMMITTEE

	
12

	
 

	
 

	
 

	
15.

	
LAW
 GOVERNING THE PLAN 

	
12

	
 

	
 

	
 

	
16.

	
MISCELLANEOUS

	
12

-i-

LIMITED
SUPPLEMENTAL BENEFITS PLAN

FOR CERTAIN EMPLOYEES OF

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
AND ITS SUBSIDIARIES

	
 

	
 

	
1.

	
PURPOSE. The purpose of this Plan is to assist the Company in
 attracting and retaining a stable pool of key managerial talent and to
 encourage long-term key employee commitment to the Company by providing
 selected employees of the Company with certain limited supplemental death and
 retirement benefits as defined herein. The Plan is intended to provide such
 benefits to a select group of management or highly compensated employees within
 the meaning of ERISA who terminate employment with the Company and its ERISA
 Affiliates after becoming eligible for immediately payable periodic benefits
 under the Pension Plan or for early or normal retirement benefits under the
 Cash Balance Plan. 

	
 

	
 

	
 

	
The Plan was last amended, effective as of January
 1, 2006, to conform the Plan to certain requirements of Code Section 409A, as
 well as to provide for lump sum payments of deminimus benefits and the terms
 contained herein shall supersede all prior iterations of the Plan.

	
 

	
 

	
2.

	
DEFINITIONS
 OF TERMS USED IN THE PLAN. As used in
 the Plan, the following words and phrases shall have the meanings indicated:

	
 

	
 

	
 

	
 

	
(a)

	
“Account”
 — Any account established pursuant to Paragraph 3(b) or 4(f) of the Plan. 

	
 

	
 

	
 

	
 

	
(b)

	
“Assets”
 — All amounts that have been credited to an Employee’s Account in accordance
 with Paragraph 3(b), 4(f), or 5(b) of the Plan.

	
 

	
 

	
 

	
 

	
(c)

	
“Beneficiary”
 — The individual(s) and/or entity(ies) designated in writing by a
 Participant in the form attached to the Plan as Schedule A. 

	
 

	
 

	
 

	
 

	
(d)

	
“Cash
 Balance Plan” — The Cash Balance Pension Plan of Public
 Service Enterprise Group Incorporated.

	
 

	
 

	
 

	
 

	
(e)

	
“Change
 in Control” — For the purposes of the Plan, a Change in
 Control of the Company shall mean the occurrence of any of the following
 events: 

	
 

	
 

	
 

	
 

	
(i)

	
any “person” (within the meaning of Section 13(d) of
 the Securities Exchange Act of 1934, as amended from time to time (the
 “Act”)) is or becomes the beneficial owner within the meaning of Rule 13d-3
 under the Act (a “Beneficial Owner”), directly or indi­rectly, of the
 Company’s securities of (not including in the securities beneficially owned
 by such person any securities 

- 1 -

	
 

	
 

	
 

	
 

	
 

	
acquired directly from the Company or its
 affiliates) representing 25% or more of the combined voting power of the
 Company’s then outstanding securi­ties, excluding any person who becomes such
 a Beneficial Owner in connection with a transaction described in clause (A)
 of paragraph (iii) below; or

	
 

	
 

	
 

	
 

	
(ii)

	
the following individuals cease for any reason to
 consti­tute a majority of the number of directors then serving: individuals
 who, on December 15, 1998, constitute the board of directors of the Company
 (“Board”) and any new director (other than a director whose initial
 assumption of office is in connection with an actual or threatened election
 contest, includ­ing but not limited to a consent solicitation, relating to
 the election of directors of the Company) whose appointment or election by
 the Board or nomination for election by the Company’s stockholders was
 approved or recommended by a vote of at least two-thirds (2/3) of the
 directors then still in office who either were directors on December 15, 1998
 or whose appointment, election or nomination for election was previously so
 approved or recom­mended; or

	
 

	
 

	
 

	
 

	
(iii)

	
there is consummated a merger or consolidation of
 the Company or any direct or indirect wholly owned subsidiary of the Company
 with any other corporation, other than (A) a merger or consolidation which
 would result in the voting securities of the Company outstanding immediately
 prior to such merger or consoli­dation continuing to represent (either by
 remaining outstanding or by being converted into voting securities of the
 surviving entity or any parent thereof), in combination with the ownership of
 any trustee or other fiduciary holding securities under an employee benefit
 plan of the Company or any subsidiary of the Company, at least 75% of the
 combined voting power of the securities of the Company or such surviving
 entity or any parent thereof outstanding immediately after such merger or
 consolidation, or (B) a merger or consolidation effected to implement a
 recapitalization of the Company (or similar transaction) in which no person
 is or becomes the Beneficial Owner, directly or indirectly, of securities of
 the Company representing 25% or more of the combined voting power of the
 Company’s then outstanding securities; or

	
 

	
 

	
 

	
 

	
(iv)

	
the stockholders of the Company approve a plan of
 complete liquidation or dissolution of the Company or there is consummated an
 agreement for the sale or disposition by the Company of all or substantially
 all of the Company’s assets, other than a sale or disposition by the Company
 of all or substantially all of the Company’s assets to an entity, at least
 75% of the combined voting power of the voting securities of which are owned
 by stockholders 

- 2 -

	
 

	
 

	
 

	
 

	
 

	
of the Company in substantially the same proportions as their
 own­ership of the Company immediately prior to such sale.

	
 

	
 

	
 

	
 

	
 

	
Notwithstanding the foregoing subparagraphs (i),
 (ii), (iii) and (iv), a “Change in Control” shall not be deemed to have
 occurred by virtue of the consummation of any transaction or series of
 integrated transactions immediately following which the record holders of the
 common stock of the Company immediately prior to such transaction or series
 of transactions continue to have substantially the same proportionate
 ownership in an entity which owns all or substantially all of the assets of
 the Company immediately following such transaction or series of transactions.

	
 

	
 

	
 

	
 

	
(f)

	
“Code”
 — The Internal Revenue Code of 1986, as amended.

	
 

	
 

	
 

	
 

	
(g)

	
“Committee”
 — The Employee Benefits Committee of the Company as selected by its Board of
 Directors. 

	
 

	
 

	
 

	
 

	
(h)

	
“Company”
 — Public Service Enterprise Group Incorporated. 

	
 

	
 

	
 

	
 

	
(i)

	
“Compensation”
 —

	
 

	
 

	
 

	
 

	
 

	
 

	
(i)

	
For the purposes of calculating the Death Benefit
 pursuant to Paragraph 3 of the Plan, as to any Participant, Compensation
 shall be equal to the annual rate of salary of the Participant in effect at
 the date of death; and

	
 

	
 

	
 

	
 

	
 

	
 

	
(ii)

	
For the purposes of calculating the Retirement
 Benefit pursuant to Paragraph 4 of the Plan, as to any Participant,
 Compensation shall be equal to the average of the total remuneration paid to
 such Participant for services rendered to the Company, excluding i) the
 Company’s cost for any public or private employee benefit plan but including
 all elective contributions that are made by the Company on behalf of a
 Participant which are not includable in income under Code Sections 125 or
 401(k) and ii) all awards to the Participant under the Company’s Long-Term
 Incentive Compensation Plan, for the five years ending at the earlier of such
 Participant’s date of Retirement or attainment of normal retirement age under
 the Pension Plan; provided, however, that for the purposes of Paragraph 4 of
 the Plan, Compensation with respect to any Participant who is also a
 participant in the Company’s Management Incentive Compensation Plan or the PSEG
 Power LLC Incentive Compensation Program for PSEG Energy Resources and Trade
 LLC Employees shall not exceed the amount which is 150% of the average annual
 base salary of the Participant for the applicable five-year period. 

	
 

	
 

	
 

	
 

	
(j)

	
“ERISA”
 — The Employee Retirement Income Security Act of 1974, as amended.

-
3 -

	
 

	
 

	
 

	
 

	
(k)

	
“ERISA Affiliate” — any organization
 which is a member of a controlled group of corporations (as defined in Code
 Section 414(b)) which includes the Company; or any trades or businesses
 (whether or not incorporated) which are under common control (as defined in
 Code Section 414(c), as modified by Code Section 415(h)) with the Company; or
 a member of an affiliated service group (as defined in Code Section 414(m))
 which includes the Company or any other entity required to be aggregated with
 the Company as required by regulations promulgated pursuant to Code Section
 414(o).

	
 

	
 

	
 

	
 

	
(l)

	
“Participant”
 — Each employee of the Company or an ERISA Affiliate nominated by the Chief
 Executive Officer of the Company and designated by the Company’s Employee
 Benefits Policy Committee. The Chief Executive Officer of the Company shall
 nominate such select and key employees of the Company and its ERISA
 Affiliates upon such terms as he shall deem appropriate due to the employee’s
 responsibilities and opportunity to contribute substantially to the financial
 and operating objectives of the Company.

	
 

	
 

	
 

	
 

	
(m)

	
“Pension
 Plan” — The Pension Plan of Public Service Enterprise
 Group Incorporated. 

	
 

	
 

	
 

	
 

	
(n)

	
“Plan”
 — The Limited Supplemental Benefits Plan for Certain Employees of Public
 Service Enterprise Group Incorporated and its Subsidiaries, the terms of
 which are contained herein

	
 

	
 

	
 

	
 

	
(o)

	
“Retirement”
 — For the purposes of the Plan, Retirement shall mean either (i) or (ii), as
 the case may be:

	
 

	
 

	
 

	
 

	
 

	
 

	
(i)

	
in the case of a Participant who participates in the
 Pension Plan, the Participant shall incur a Retirement for purposes of the
 Plan if he or she incurs a termination of service with the Company and its ERISA
 Affiliates after having attained the right to receive an immediately payable
 periodic benefit under the Pension Plan or when the sum of Participant’s age
 and service are equal to or exceed 80. In determining whether the Participant
 has attained the right to an immediately payable periodic benefit under the
 Pension Plan, he or she shall receive additional years of age and service in
 accordance with any employment, change in control, or similar arrangement
 applicable to the Participant, provided the Participant incurs a termination
 of service from the Company and its ERISA Affiliates during the two-year
 period commencing upon the date of a Change in Control.

	
 

	
 

	
 

	
 

	
 

	
 

	
(ii)

	
in the case of a Participant who participates in the
 Cash Balance Plan, the Participant shall incur a Retirement for purposes of
 the Plan if he or she incurs a termination of service with the Company and
 its ERISA Affiliates after his or her Early Retirement Date or Normal
 Retirement Date (as those terms are defined in the Cash Balance Plan). In
 determining whether the Participant has attained his or her Early Retirement
 Date or Normal 

- 4 -

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Retirement Date, he or she shall receive additional
 years of age and service in accordance with any employment, change in
 control, or similar arrangement applicable to the Participant, provided the
 Participant incurs a termination of service from the Company and its ERISA
 Affiliates during the two-year period commencing upon the date of a Change in
 Control.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Retirement shall not include termination of service
 with the right to a deferred pension under the Pension Plan or a deferred
 retirement benefit or early commencement of payment of a participant’s Cash
 Balance Account under the Cash Balance Plan.

	
 

	
 

	
 

	
 

	
 

	
(p)

	
“Retirement
 Plan” — Any pension plan within the meaning of ERISA,
 excluding (i) the Pension Plan, the Cash Balance Plan and all defined
 contribution plans maintained by the Company or an ERISA Affiliate, except
 insofar as any such defined contribution plan may provide supplementary
 benefits to the Pension Plan or the Cash Balance Plan, (ii) this Plan and
 (iii) all deferred compensation plans, tax credit employee stock ownership
 plans and thrift plans, and all other profit-sharing plans which are not the
 principal retirement benefit of a plan sponsor, maintained by sponsors other
 than the Company. 

	
 

	
 

	
 

	
 

	
(q)

	
“Voting
 Stock” — Outstanding stock of a corporation entitled to
 vote in the election of the directors of that corporation. 

	
 

	
 

	
 

	
3.

	
DEATH
 BENEFIT.

	
 

	
 

	
 

	
(a)

	
Amount
 of Benefit — If a Participant dies while in the active
 employment of the Company or an ERISA Affiliate, the Company shall provide a
 death benefit to such Participant’s Beneficiary in an amount equal to 150% of
 the Participant’s Compensation, adjusted to the nearest $1,000, or to the
 next highest $1,000 if such Compensation is a multiple of $500 but not of
 $1,000.

	
 

	
 

	
 

	
 

	
(b)

	
Establishment
 of Account — Upon the death of a Participant during
 employment with the Company or an ERISA Affiliate, the Company shall
 establish an Account for the benefit of such Participant’s Beneficiary. Such
 Account shall initially be credited with an amount equal to the benefit
 provided under Paragraph 3(a) and shall be held and administered as provided
 in Paragraph 5 of the Plan. 

	
 

	
 

	
 

	
4.

	
RETIREMENT BENEFIT.

	
 

	
 

	
 

	
(a)

	
General
 — At Retirement, the Company shall provide each Participant with a
 retirement benefit calculated as provided in this Paragraph 4.

- 5 -

	
 

	
 

	
 

	
 

	
 

	
(b)

	
Determination
 of Benefit —

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(i)

	
Pension Plan Participants:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(A)

	
The Participant’s Compensation shall be multiplied
 by an amount equal to one one-hundredth of the sum of (x) the number of the
 Participant’s years of credited service under the Pension Plan at Retirement
 (including any additional years of age and service provided to the
 Participant in accordance with any employment, change in control, or similar
 arrangement applicable to the Participant so long as the Participant incurs a
 termination of service from the Company and its ERISA Affiliates during the two-year
 period commencing upon the date of a Change in Control), (y) the number of any
 additional years of service credit to which the Participant may be entitled
 from the Company under the Mid-Career Supplemental Retirement Income Plan of
 Public Service Enterprise Group Incorporated and its Affiliates or any
 written arrangement with the Company or an ERISA Affiliate Company (excluding
 any written arrangement between the Company or ERISA Affiliate and the
 Participant relating to a Change in Control), and (z) 30; but, in no event,
 shall the multiple be greater than 0.75. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(B)

	
The amount determined under subparagraph (A) of this
 Paragraph 4(b)(i) shall be reduced by the sum of (x) the amount the
 Participant would be entitled to at Retirement as an annual pension benefit
 under the Pension Plan and any supplemental retirement plan (other than this
 Plan) maintained by the Company or an ERISA Affiliate calculated as a single
 life annuity without reduction for any pre-retirement survivor’s option
 coverage or any reduction for early retirement, (y) 100% of the amount of
 the unreduced annual Social Security benefit to which the Participant would
 be entitled at age 65 (or such other age which may be established by the
 Social Security Administration from time to time as the earliest age at which
 a Participant may receive an unreduced benefit thereunder), assuming that the
 Participant has no earnings from the date of Retirement to age 65 (or such
 other applicable age), or, if greater, any disability benefit under Social
 Security to which the Participant may be entitled, and (z) the aggregate of the
 annual benefits to which the Participant is entitled under all Retirement
 Plans as of the date the Participant is employed by the Company or an ERISA
 Affiliate, the such Social Security Benefits and benefits under all
 Retirement Plans to be calculated as single life annuities without any
 reductions, under rules, procedures and equivalents determined by the
 Committee. To determine the amounts referred to under (y) and (z) above, the

- 6 -

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Participant shall file a declaration of all such
 amounts with the Performance and Rewards Department of the Company’s
 subsidiary, PSEG Services Corporation, in such form as the Committee may
 require from time to time. No benefit shall be paid under the Plan until such
 a declaration, in satisfactory form, shall be filed with the Performance and
 Rewards Department. If a Participant is granted a disability Social Security
 benefit, he shall notify the Performance and Rewards Department thereof
 within 30 days thereof, and the Participant’s retirement benefit under this
 Plan shall be adjusted accordingly. The Company shall be entitled to rely on
 such statements in making payment, and if any such statement is incorrect or
 is not furnished, the Company shall be entitled to reimbursement from the
 Participant, the Beneficiary or their legal representatives for any
 overpayment and may reduce or suspend future payments to recover any such
 overpayment. In the event it is established to the satisfaction of the
 Committee, in its sole discretion, that any such statement was intentionally
 false or omitted, the Participant or Beneficiary shall be entitled to no
 further payments under the Plan, and the Company shall be entitled to recover
 any payments made hereunder.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(ii)

	
Cash Balance Plan Participants:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(A)

	
The Participant’s Compensation shall be multiplied
 by an amount equal to one one-hundredth of the sum of (x) the number of the
 Participant’s years of service under the Pension Plan with which such
 Participant would have been credited at Retirement had the Participant
 participated in the Pension Plan from his/her date of hire and including any
 additional years of age and service provided to the participant in accordance
 with any employment, change in control, or similar arrangement applicable to
 the Participant so long as the Participant incurs a termination of service
 from the Company and its ERISA Affiliates during the two-year period
 commencing upon the date of a Change in Control, (y) the number of any
 additional years of service credit to which the Participant may be entitled
 from the Company under the Mid-Career Supplemental Retirement Income Plan of
 Public Service Enterprise Group Incorporated and its Affiliates or any written
 arrangement with the Company or an ERISA Affiliate (excluding any written
 arrangement between the Company or ERISA Affiliate relating to a Change in
 Control) the , and (z) 30; but, in no event, shall the
 multiple be greater than 0.75. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
(B)

	
The amount determined under subparagraph (A) of this
 Paragraph 4(b)(ii) shall be reduced by the sum of (x) the amount the
 Participant would be entitled to at Retirement as an annual 

- 7 -

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
pension benefit under the Cash Balance Plan and any
 supplemental retirement plan (other than this Plan) maintained by the Company
 or an ERISA Affiliate the calculated as a single life annuity payable at the
 Participant’s Normal Retirement Date (as defined under the Cash Balance Plan),
 (y)
 100% of the amount of the unreduced annual Social Security benefit to which
 the Participant would be entitled at age 65 (or such other age which may be
 established by the Social Security Administration from time to time as the
 earliest age at which a Participant may receive an unreduced benefit
 thereunder), assuming that the Participant has no earnings from the date of
 Retirement to age 65 (or such other applicable age), or, if greater, any
 disability benefit under Social Security to which the Participant may be
 entitled, and (z) the aggregate of the annual benefits to which the
 Participant is entitled under all Retirement Plans as of the date the
 Participant is employed by the Company or an ERISA Affiliate, such Social
 Security Benefits and benefits under all Retirement Plans to be calculated as
 single life annuities without any reductions, under rules, procedures and
 equivalents determined by the Committee. To determine the amounts referred to
 under (y) and (z) above, the Participant shall file a declaration of all such
 amounts with the Performance and Rewards Department in such form as the
 Committee may require from time to time. No benefit shall be paid under the
 Plan until such a declaration, in satisfactory form, shall be filed with the
 Performance and Rewards Department. If a Participant is granted a disability
 Social Security benefit, he shall notify the Performance and Rewards
 Department thereof within 30 days thereof, and the Participant’s retirement
 benefit under this Plan shall be adjusted accordingly. The Company shall be
 entitled to rely on such statements in making payment, and if any such
 statement is incorrect or is not furnished, the Company shall be entitled to
 reimbursement from the Participant, the Beneficiary or their legal
 representatives for any overpayment and may reduce or suspend future payments
 to recover any such overpayment. In the event it is established to the
 satisfaction of the Committee, in its sole discretion, that any such
 statement was intentionally false or omitted, the Participant or Beneficiary
 shall be entitled to no further payments under the Plan, and the Company
 shall be entitled to recover any payments made hereunder.

	
 

	
 

	
 

	
 

	
 

	
 

	
(c)

	
Forms
 of Benefit — The annual amount determined under
 paragraph (b) of this Paragraph 4 shall be paid in the form of a life
 annuity; either a single life annuity in monthly installments or a joint and
 survivor annuity in monthly installments based upon such annual amount and
 calculated in accordance with the form of benefit option selected by the
 Participant; provided, however, that if the Participant has selected a
 lump-sum distribution under the Pension Plan or the 

- 8 -

	
 

	
 

	
 

	
 

	
 

	
Cash Balance Plan, distribution under this Plan
 shall be made in the form of a single life annuity.

	
 

	
 

	
 

	
 

	
 

	
Provided, further, that
 that if the vested Plan benefit of a participant or beneficiary, as presently
 valued at the time of commencement of the payment of such benefit, does not
 exceed $10,000, such person shall be paid a lump sum distribution of the
 actuarial equivalent of his/her vested plan benefit (in determining the
 amount of a lump sum distribution under this Plan, actuarial equivalence
 shall be determined by using the Applicable Mortality Table and the
 Applicable Interest Rate as those terms are defined in Section 1 of the Pension
 Plan of Public Service Enterprise Group Incorporated as then in effect).

	
 

	
 

	
 

	
 

	
(d)

	
Commencement
 of Benefit – The benefit to be paid pursuant to this
 Paragraph 4 shall commence at the same time as the Participant’s benefit
 under the Pension Plan or Cash Balance Plan except that for any Participant
 who is a “Key Employee,” as defined in the Code, commencement of his/her
 benefit may not occur earlier than six months following his/her Retirement.

	
 

	
 

	
 

	
5.

	
ADMINISTRATION
 OF ACCOUNTS.

	
 

	
 

	
 

	
 

	
(a)

	
General
 — Accounts shall be established under the Plan only pursuant to Paragraph
 3(b) hereof. All Accounts shall be administered in accordance with the
 provisions of this Paragraph 5. 

	
 

	
 

	
 

	
 

	
(b)

	
Interest
 on Assets in the Account — The Assets credited to an
 Account shall accrue interest at a market rate of interest as may be
 determined from time to time by the Committee. 

	
 

	
 

	
 

	
 

	
(c)

	
Timing
 of the Distribution(s) — A Beneficiary shall receive
 the distribution of the Account in the form of monthly distributions over a
 ten-year period commencing in the month following the month of the
 Participant’s death. The amount of each installment shall be determined by
 dividing the then unpaid balance in the Account, including accrued and unpaid
 interest, by the number of installments remaining to be paid. 

	
 

	
 

	
 

	
 

	
(d)

	
Request
 for Change in Distribution — A Beneficiary or legal
 representative may request a change in the timing, frequency or amount of
 payments made from a Account by filing a written request therefor with the
 Committee. The Committee may, in its sole discretion, grant such request only
 if the Committee determines that an emergency beyond the control of the
 Beneficiary or legal representative exists and which would cause such
 Beneficiary or legal representative severe financial hardship if the payment
 of such benefits were not approved. Any such distribution for hardship shall
 be limited to the amount needed to meet such emergency. The Committee shall
 inform the Beneficiary or legal representative of its decision within sixty
 (60) days of receipt of the written request. 

- 9 -

	
 

	
 

	
 

	
 

	
6.

	
DESIGNATION
 OF BENEFICIARIES

	
 

	
 

	
 

	
 

	
 

	
(a)

	
General
 — To designate an individual(s) and/or entity(ies) to receive the benefits
 of the Plan with respect to a Participant, such Participant must file a
 written designation in the form of Schedule A to the Plan with the Committee.
 Subject to the restrictions of this Paragraph 6, a Participant may change
 such designation by filing a subsequent written designation.

	
 

	
 

	
 

	
 

	
 

	
(b)

	
Death
 Benefit — By designation on Section 1 of a Schedule A
 filed with the Committee, a Participant may name an individual(s) and/or
 entity(ies) to receive a death benefit under Paragraph 3 of the Plan with
 respect to such Participant. A Participant may change such designation by filing
 a subsequent notification in the form of Schedule A. 

	
 

	
 

	
 

	
 

	
 

	
(c)

	
Retirement
 Benefits — 

	
 

	
 

	
 

	
 

	
 

	
 

	
(i)

	
Single
 Life Annuity. If a Participant’s retirement benefit
 under the Plan is paid as a single life annuity under Paragraph 4(c)(i) of
 the Plan, there shall be no Beneficiary with respect to such benefit and all
 retirement benefits shall cease upon the Participant’s death. 

	
 

	
 

	
 

	
 

	
 

	
 

	
(ii)

	
Joint
 and Survivor Annuity. If a Participant’s retirement
 benefit under Paragraph 4(c)(ii) of the Plan is paid as joint and survivor
 annuity, the post-retirement survivorship shall be paid to the Participant’s
 spouse. If the Participant’s spouse predeceases the Participant within five
 years from the date of Participant’s Retirement, the Participant’s retirement
 benefit hereunder will automatically revert and return to a single life
 annuity commencing the first day of the month following the month in which
 the spouse died. If, however, the spouse predeceases the Participant more
 than five years after Participant’s Retirement, the Participant’s reduced
 retirement benefit shall continue during his life and no survivor benefit
 shall be paid. 

	
 

	
 

	
 

	
 

	
 

	
(d)

	
Designation
 by Last Remaining Beneficiary — After a Participant’s
 death, if there is only one remaining Beneficiary with respect to a death
 benefit under Paragraph 3 of the Plan, such Beneficiary shall be entitled to
 designate in writing to the Committee an individual to be paid any remainder
 of such benefit under the Plan at such Beneficiary’s death. If no such
 further designation is made, such remainder shall be paid to such
 Beneficiary’s estate. In the event of such Beneficiary’s death, and
 regardless of whether any such further designation has been made, the
 Committee in its sole discretion may require any such remainder to be paid as
 a lump sum. 

- 10 -

	
 

	
 

	
 

	
7.

	
LIMITATION
 OF BENEFITS.

	
 

	
 

	
 

	
(a)

	
The Plan shall be unfunded with respect to all
 benefits to be paid hereunder. In addition, the Company shall not be required
 to segregate any amounts credited to any Account, which shall be established
 merely as an accounting convenience; title to and beneficial ownership of any
 Assets credited to any Account shall at all times remain in the Company, and
 no Participant, Beneficiary or legal representative shall have any interest
 whatsoever in any specific assets of the Company. 

	
 

	
 

	
 

	
 

	
(b)

	
The payment of any death or survivorship benefit
 under this Plan shall be contingent upon such evidence of death as may be
 required by the Committee.

	
 

	
 

	
 

	
 

	
(c)

	
If the Company should terminate the Plan pursuant to
 Paragraph 9 hereof, the Company’s obligation to pay any benefits under the
 Plan shall likewise terminate; provided, however, that, except as otherwise
 provided in said Paragraph 9, the Company may not terminate the Plan with
 respect to any Participant subsequent to that Participant’s Retirement or
 death. 

	
 

	
 

	
8.

	
PLAN
 DOES NOT CONSTITUTE AN EMPLOYMENT AGREEMENT. The Plan
 shall not constitute a contract for the continued employment of any
 Participant by the Company or any ERISA Affiliate. The Company and each ERISA
 Affiliate reserves the right to modify a Participant’s Compensation at any
 time and from time to time as it considers appropriate and to terminate any
 Participant’s employment for any reason at any time notwithstanding the Plan.
 

	
 

	
 

	
9.

	
AMENDMENT
 OR TERMINATION OF THE PLAN. The Board of Directors of
 the Company may, in its sole discretion, amend, modify or terminate the Plan
 at any time, provided, however, that no such amendment, modification or
 termination shall deprive any Participant or Beneficiary of a previously
 acquired right unless such Participant or his Beneficiary or his legal
 representative shall consent to such change. Provided, further, however, that
 after a Change in Control, this Plan may not be terminated nor the benefit
 calculation reduced with respect to any Participant in the Plan on the date
 of such Change in Control unless such Participant or his Beneficiary or his
 legal representative shall consent to such change. No right to a death
 benefit under the Plan shall accrue until a Participant’s death and no right
 to a retirement benefit shall accrue until a Participant’s Retirement.

	
 

	
 

	
10.

	
WHAT
 CONSTITUTES NOTICE. Any notice to a Participant, a
 Beneficiary or any legal representative hereunder shall be given in writing,
 by personal delivery, overnight express service or by United States mail,
 postage prepaid, addressed to such person’s last known address. Any notice to
 the Company or the Committee hereunder (including the filing of Schedule A)
 shall be given by delivering it in person or by overnight express service, or
 depositing it in the United States mail, postage prepaid, to the Secretary of
 the Employee Benefits Committee, Public Service Enterprise Group
 Incorporated, 80 Park Plaza, T10B, P.O. Box 1171, Newark, New Jersey, 07101. 

- 11 -

	
 

	
 

	
11.

	
ADVANCE
 DISCLAIMER OF WAIVER. Failure by the Company or the
 Committee to insist upon strict compliance with any of the terms, covenants
 or conditions hereof shall not be deemed a waiver of any such term, covenant
 or condition, nor shall any waiver or relinquishment of any right or power
 hereunder at any one or more times be deemed a waiver or relinquishment of
 any such right or power at any other time or times. 

	
 

	
 

	
12.

	
EFFECT
 OF INVALIDITY OF ANY PART OF THE PLAN. The invalidity
 or unenforceability of any provision hereof shall in no way affect the
 validity or enforceability of any other provision of the Plan. 

	
 

	
 

	
13.

	
PLAN
 BINDING ON ANY SUCCESSOR. Except as otherwise provided
 herein, the Plan shall inure to the benefit of and be binding upon the
 Company, its successors and assigns, including but not limited to any
 corporation which may acquire all or substantially all of the Company’s
 assets and business or with or into which the Company may be consolidated or
 merged. 

	
 

	
 

	
14.

	
FUNCTION
 OF THE COMMITTEE. The Plan shall be administered by the
 Committee and the Committee shall be the final arbiter of any question that
 may arise under the Plan. 

	
 

	
 

	
15.

	
LAW
 GOVERNING THE PLAN. Except to the extent federal law
 applies, the Plan shall be governed by the laws of the State of New Jersey
 without giving effect to principles of conflicts of law. This Plan is specifically intended to
 comply with the provisions of the American Jobs Creation Act of 2004 (the
 “AJCA”) and Section 409A of the Code and it shall automatically incorporate all applicable
 restrictions of the AJCA, the Code and its related regulations, and the
 Company will amend the Plan to the extent necessary to comply with those
 requirements. The timing under which a Participant will have a right to
 receive any payment under this Plan will be deemed to be automatically
 modified, and a Participant’s rights under the Plan limited to conform to any
 requirements under, the AJCA, the Code and its related regulations.

	
 

	
 

	
16.

	
MISCELLANEOUS.

	
 

	
 

	
 

	
 

	
(a)

	
The masculine pronoun shall mean the feminine
 wherever appropriate. 

	
 

	
 

	
(b)

	
The headings are for convenience only. In the event
 of a conflict between the headings of a paragraph and its contents, the
 contents shall control.

- 12 -

LIMITED
SUPPLEMENTAL BENEFITS PLAN

FOR CERTAIN EMPLOYEES OF

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
AND ITS SUBSIDIARIES

SCHEDULE
A

	
 

	
 

	
Section 1.

	
DESIGNATION OF BENEFICIARY(IES) FOR
 DEATH AND 10-YEAR CERTAIN ANNUITY BENEFITS 

In the event of my death, I hereby designate the
following individuals, fiduciaries or other entities, either in their own right
or in their representative capacity, in the proportions and in the priority of
interest designated, to be the beneficiaries of any death benefits owing to me under
Paragraph 3 or 4, and any 10-year certain annuity retirement benefits owing to
me under Paragraphs 5(c)(iii) and (iv), of the Limited Supplemental Death
Benefits and Retirement Plan of Public Service Electric and Gas Company (Plan).

PRIMARY BENEFICIARIES
-The following beneficiary(ies) shall receive all such benefits payable under
the Plan in the event of my death in the proportions designated
hereunder. If any one or more of the primary beneficiaries designated hereunder
shall predecease me, such beneficiary’s share(s) shall be divided equally among
the remaining primary beneficiaries.

	
 

	
 

	
 

	

	
 

	
Employee’s Signature

Page 1 of 3 – Schedule A

Section 1 (Continued)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME
 AND PRESENT ADDRESS

 PRIMARY BENEFICIARIES

	
 

	
PROPORTIONATE

 INTEREST OF PRIMARY

 BENEFICIARY (IES)

	
 

	
RELATIONSHIP
 TO

 EMPLOYEE

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
 %

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
 %

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
 %

	
 

	

SECONDARY BENEFICIARIES
-The following beneficiary(ies) shall receive all such benefits payable under
the Plan in the event of my death in proportions designated hereunder only
if all of my primary beneficiaries have predeceased me. If all primary
beneficiaries have predeceased me and if any one or more of the secondary
beneficiaries designated hereunder shall predecease me, such secondary
beneficiary’s share(s) shall be divided equally among the remaining secondary
beneficiaries.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME
 AND PRESENT ADDRESS

 SECONDARY BENEFICIARIES

	
 

	
PROPORTIONATE

 INTEREST OF SECONDARY

 BENEFICIARY (IES)

	
 

	
RELATIONSHIP
 TO

 EMPLOYEE

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
%

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
%

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	

	
%

	
 

	

	
 

	
 

	
 

	

	
 

	
Employee’s Signature

Page 2 of 3 – Schedule A

Section 1 (Continued)

ESTATE - In the
event I have declined to designate a beneficiary under this Section 1 with
respect to any such benefits payable under the Plan, or if all of the
beneficiaries that I have designated predecease me, then all such benefits
payable under the Plan shall be payable to my estate.

	
 

	
 

	
Section 2.

	
DESIGNATION OF BENEFICIARY FOR
 JOINT AND SURVIVOR ANNUITY. 

In the event of my death, if I am not paid a joint and survivor annuity
under the Pension Plan of Public Service Electric and Gas Company, I hereby
designate the following individual to be the beneficiary with respect to any
joint and survivor annuity paid to me under Paragraph 5(c) (ii) of the Plan. If
I am paid a joint and survivor annuity under the Pension Plan, I understand my
beneficiary for a survivor benefit under Paragraph 5(c)(ii) of the Plan will be
the same as under the Pension Plan.

	
 

	
 

	
 

	
 

	
 

	
Name:

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Address:

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Relationship

 to Employee:

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Date of Birth:

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Date:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	

	
WITNESS

	
 

	
EMPLOYEE’S SIGNATURE 

Page 3 of 3 – Schedule A

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