Document:

Exhibit

EXHIBIT 4a(15)

SUPPLEMENTAL MORTGAGE
__________________________________________________________________

Supplemental Indenture

Dated December 1, 2019

____________________

SUPPLEMENTAL TO
FIRST AND REFUNDING MORTGAGE
DATED AUGUST 1, 1924

_____________________

PUBLIC SERVICE ELECTRIC AND GAS COMPANY
TO
U.S. BANK NATIONAL ASSOCIATION
Trustee
333 Thornall Street
Edison, NJ  08837

_______________________

PROVIDING FOR THE ISSUE OF
$3,200,000,000 FIRST AND REFUNDING MORTGAGE BONDS,
MEDIUM-TERM NOTES SERIES N

____________________________________________________

RECORD IN MORTGAGE BOOK AND RETURN TO:
ANDREW J. WOODWORTH, ESQ.
80 PARK PLAZA, T5
NEWARK, N.J. 07102
Prepared by
  /s/ Andrew J. Woodworth    
(Andrew J. Woodworth, 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 N.
Description of series...........................................................................................................................................    7
ARTICLE II.
Redemption of Bonds of Medium-Term Notes Series N.
Section 2.01.    Redemption-Redemption Price..........................................................................................    7
		
	Section 2.02.
	Redemptions Pursuant to Section 4C of

     Article Eight of the Indenture........................................................................................    8
		
	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 N.
		
	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 N..............................................................................................................    9
		
	Section 4.02.
	Additional Restrictions on Authentication of 

      Additional Bonds Under Indenture..............................................................................    9
		
	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..................................................................................................    10

Acknowledgements.............................................................................................................................................    12
Certificate of Residence......................................................................................................................................    13

1

SUPPLEMENTAL INDENTURE, dated the 1st day of December 2019 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 U.S. 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.

	Burlington
	Clerk’s
	693 of Mortgages
52 of Chattel Mortgages
	88 etc.
Folio 8 etc.

	Camden
	Register’s
	177 of Mortgages
45 of Chattel Mortgages
	Folio 354 etc.
184 etc.

	Cumberland
	Clerk’s
	239 of Mortgages
786 of Mortgages
	1 etc.
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.

	Hudson
	Register’s
	142 of Mortgages
453 of Chattel Mortgages
	7 etc.
9 etc.

	 
	 
	1245 of Mortgages
	484, etc.

	Hunterdon
	Clerk’s
	151 of Mortgages
	344

	Mercer
	Clerk’s
	67 of Chattel Mortgages
	1 etc.

	Middlesex
	Clerk’s
	384 of Mortgages
113 of Chattel Mortgages
	1 etc.
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.

	Sussex
	Clerk’s
	N-10 of Mortgages
123 of Mortgages
	1 etc.
10 & c.

	Union
	Register’s
	9584 of Mortgages
	259 etc.

	Warren
	Clerk’s
	124 of Mortgages
	141 etc.

and

2

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:
	
				
	County
	Office
	Book Number
	Page
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

	Huntingdon
	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 April 1, 2018, 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 April 1, 2018, 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 N (the “Series N 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 Mellon, 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 N Notes; and for such purpose and in order to service and secure payment of the principal and interest in respect of the Series N Notes, the Company desires to provide for the issue of $3,200,000,000 aggregate principal amount of bonds under the Indenture of a series to be designated as “First and Refunding Mortgage Bonds, Medium-Term Notes Series N” (hereinafter sometimes called “Bonds of the Medium-Term Notes Series N”); and
WHEREAS, the text of the Bonds of the Medium-Term Notes Series N and of the certificate of authentication to be borne by the Bonds of the Medium-Term Notes Series N 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  Mellon, successor trustee) as Trustee.
REGISTERED                                             REGISTERED
NUMBER                                            AMOUNT
R                                                $3,200,000,000
PUBLIC SERVICE ELECTRIC AND GAS COMPANY
FIRST AND REFUNDING MORTGAGE BOND,
MEDIUM-TERM NOTES SERIES N
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 Mellon (as successor 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 Three Billion Two Hundred Million Dollars, on December 1, 2054, 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 June 1 and December 1 in each year; provided, however, that the Company shall receive certain    credits against such obligations as set forth in the Supplemental Indenture dated December 1, 2019 referred to below.
Both the principal hereof and interest hereon shall be paid at the principal corporate trust office of U.S. Bank National Association in the Township of Edison, 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 December 1, 2019 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 December 1, 2019, duly executed by the Company and U.S. Bank National Association as Trustee. This Bond is one of the Bonds of the Medium-Term Notes Series N, which series is limited to the aggregate principal amount of $3,200,000,000 and is issued pursuant to said Supplemental Indenture dated December 1, 2019. 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 not 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 affects 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 N, in which this Bond is included, are designated “First and Refunding Mortgage Bonds, Medium-Term Notes, Series N.”
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 Article II of the Supplemental Indenture dated December 1, 2019.
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 Mellon, 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  U.S. Bank National Association as Trustee, or by its successor in trust under said indenture.   
[To be executed and attested under seal in accordance with the provisions of the Indenture.]
(FORM OF CERTIFICATION OF AUTHENTICATION)
CERTIFICATE OF AUTHENTICATION
[To be authenticated in accordance with the provisions of the Indenture.]

5

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 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 April 1, 2018, 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:

6

ARTICLE I.
BONDS OF THE MEDIUM-TERM NOTES SERIES N.
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 N”; shall be limited to the aggregate principal amount of $3,200,000,000; 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 N 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 December 1, 2019.
Bonds of the Medium-Term Notes Series N 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 N shall be payable semi-annually in arrears on June 1 and December 1 of each year, payable initially on June   1, 2020, 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 N 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 N, 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 N.
SECTION 2.01. Redemption-Redemption Price. Bonds of the Medium-Term Notes Series N 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 N Notes then outstanding under the Note Indenture is not in excess of such principal amount of the Bonds of the Medium-Term Notes Series N as shall remain pledged to the Note Trustee after giving effect to such redemption;  (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 N, 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 or (c) automatically upon failure to pay the principal of any Series N Notes then outstanding under the Note Indenture when due, on their stated maturity date or earlier redemption or repayment date, in a principal amount of Bonds of the Medium-Term Notes    Series N equal to the principal amount of such Series N Notes, in each case, at a price equal to 100% of the principal amount thereof, together with accrued interest, if applicable.
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 N, 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 

7

Series N 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 N, not the weighted average interest rate of outstanding Series N Notes. Bonds of said series so redeemed shall be cancelled.
SECTION 2.03. Interest on Called Bonds to Cease. Each Bond of the Medium-Term Notes Series N 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 N 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 N 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 N. There shall be no sinking fund for the Bonds of the Medium-Term      Notes Series N.
ARTICLE III.
CREDITS WITH RESPECT TO BONDS OF THE MEDIUM-TERM NOTES SERIES N.
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 N, the Company shall be entitled to  credits against amounts otherwise payable in respect of the Bonds of the Medium-Term Notes Series N in an amount corresponding to (i) the principal amount of any of the Company’s Series N 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 N 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 N exceeds principal of and   interest due on the Series N 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 N 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 N. None of the Bonds of the   Medium-Term Notes Series N, 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.

8

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;    
(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 N 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 N 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 N 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 N 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.    

9

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  U.S. 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 1st day of December 2019.
Attest:

          PUBLIC  SERVICE  ELECTRIC AND GAS COMPANY
By  /s/ Bradford D. Huntington
. . . . . . . . . . . . . . . . . . . . . . . . . . . 
B.D. Huntington
Vice President
Attest:
/s/ Andrew J. Woodworth
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Andrew J. Woodworth
Assistant Secretary

10

U.S. BANK NATIONAL ASSOCIATION
By  /s/ Denise Kellerk
. . . . . . . . . . . . . . . . . . . . . . . . . . . 
Denise Kellerk 
Vice President 
Attest:
/s/ Andrea Harris
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Andrea Harris
Vice President   
    
      

11

                           
STATE OF NEW JERSEY    )
                   SS:)
COUNTY OF ESSEX    )

Be it Remembered, that on this 1st day of December, 2019, before me, the subscriber, a Notary Public  of the State of New Jersey, personally appeared B.D. Huntington, 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.
/s/ Sarah El Said
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sarah El Said 
Notary Public of New Jersey
My Commission Expires March 12, 2023
STATE OF NEW JERSEY    )
                   SS:)
COUNTY OF ESSEX    )

Be it Remembered, that on this 1st day of December 2019 before me, the subscriber, a Notary Public of the State of New Jersey, personally appeared Denise Kellerk, who, I am satisfied, is a Vice President of U.S. 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 her the contents thereof, she did acknowledge that she 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.

/s/ Sarah El Said
..............................................................
Sarah El Said        
Notary Public of New Jersey                                  
My Commission Expires March 12, 2023

                            

12

CERTIFICATE OF RESIDENCE
    
U.S. Bank National Association, Mortgagee and Trustee within named, hereby certifies that its precise residence is 333 Thornall Street, Edison, NJ  08837.
U.S. BANK NATIONAL ASSOCIATION
By /s/ Denise Kellerk
. . . . . . . . . . . . . . . . . . . . . . . . . . . 
Denise Kellerk 
Vice PresidentExhibit

EXHIBIT 4b
DESCRIPTION OF THE FIRST AND REFUNDING MORTGAGE BONDS
Set forth below is a description of the terms of the (i) First and Refunding Mortgage Bonds 5% Series due 2037 (the “5% Bonds”), (ii) First and Refunding Mortgage Bonds 8% Series due 2037 (the “8% Bonds”) and (iii) 9.25% First and Refunding Mortgage Bonds Series CC due 2021 (the “9.25% Bonds” and together with the 5% Bonds and the 8% Bonds, the “Bonds”) issued by Public Service Electric and Gas Company. The following description does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the First and Refunding Mortgage, dated August 1, 1924 (as supplemented by the Supplemental Indenture dated July 1, 1937 relating to the 5% Bonds, the Supplemental Indenture dated July 1, 1937 relating to the 8% Bonds and the Supplemental Indenture dated June 1, 1991 (No. 1) relating to the 9.25% Bonds, and as further amended and supplemented to the date hereof with respect to the applicable Bonds, the “Mortgage” with respect to such Bonds), between us and U.S. Bank National Association (successor to Fidelity Union Trust Company), as trustee (the “Trustee”). The Trustee’s address is 333 Thornall St., 4th Fl, Edison, NJ 08837.
References in this section to “PSE&G”, “we”, “us” and “our” refer to Public Service Electric and Gas Company without its consolidated subsidiaries. Each series of debt securities issued and outstanding under the Mortgage are referred to herein, collectively, as the “Mortgage Bonds.”
General
We issued the Bonds under the Mortgage. The terms of the Bonds are stated in the Mortgage and include terms made part of the Mortgage by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). You should refer to the Mortgage and the Trust Indenture Act for a statement of these terms. The Mortgage is governed by New York law.
The 5% Bonds are listed on the New York Stock Exchange under the symbol “PEG37J.” The 8% Bonds are listed on the New York Stock Exchange under the symbol “PEG37D.” The 9.25% Bonds are listed on the New York Stock Exchange under the symbol “PEG21.”
The Mortgage does not contain any covenant or other provision that is specifically intended to afford holders of Mortgage Bonds issued thereunder protection in the event of a highly leveraged or similar transaction.
Principal, Interest, Maturity and Payment
Except as described under “Issuance of Mortgage Bonds,” the Mortgage does not limit the aggregate principal amount of Mortgage Bonds that we may issue under it and provides that Mortgage Bonds may be issued under it up to the principal amount as we may authorize from time to time. The Mortgage Bonds may be issued from time to time in one or more series. 
The 5% Bonds were initially limited to $8.5 million. The 8% Bonds were initially limited to $10 million. The 9.25% Bonds were initially limited to $150 million. 
With respect to the 5% Bonds and the 8% Bonds, each such series issued with coupons was issued in denominations of $1,000, $500 and $100.  Registered Bonds of each such series issued without coupons were issued in denominations of $1,000, $5,000 and $10,000.  Each such series of Bonds with denominations of $1,000 or more are not exchangeable for Bonds of such series with denominations less than $1,000 and Bonds of such series with denominations of $500 are not exchangeable for Bonds of such series with denominations of $100. 
The 9.25% Bonds were issued in registered form only, without coupons, in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof.  The 9.25% Bonds are transferable, and the several denominations thereof are exchangeable for 9.25% Bonds of other authorized denominations, upon compliance with the applicable provisions of the Mortgage. No service charge will be made for any such transfer or exchange of the 9.25% Bonds, but we may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto.
The 5% Bonds will mature on July 1, 2037, and interest on such Bonds is payable semi-annually in arrears at the rate of 5% per annum on January 1 and July 1 of each year.  The 8% Bonds will mature on June 1, 2037 and interest on such Bonds is payable semi-annually in arrears at the rate of 8% per annum on June 1 and December 1 of each year.  The 9.25% Bonds will mature on June 1, 2021, unless we redeem or repurchase them in accordance with their terms prior to such date, and interest on such Bonds is payable semi-annually in arrears at the rate of 9.25% per annum on June 1 and December 1 of each year.

Principal and interest will be payable, and transfers and exchanges of the New Bonds may be made, at the corporate trust office of the Trustee.
Redemption
The 5% Bonds and the 8% Bonds may not be redeemed, in whole or in part, prior to their maturity.  
The 9.25% Bonds are subject to mandatory redemption prior to maturity at any time on not less than 30 days’ notice by mail by the application of proceeds of released property or certain other money held by the Trustee upon payment of 100% of the principal amount thereof.
Lien and Security
Each series of Bonds is secured by the lien of the Mortgage equally and proportionately with all other Mortgage Bonds. The Mortgage is a first lien on all of our property and franchises now owned or hereafter acquired (except cash, accounts and bills receivable, merchandise bought, sold or manufactured for sale in the ordinary course of business, stocks, bonds or other corporate obligations or securities, other than those now or hereafter specifically pledged thereunder, not acquired with the proceeds of Mortgage Bonds) (the effectiveness of the after-acquired property clause being subject to certain possible exceptions under New Jersey law which we do not regard as of practical importance), subject only (i) to liens for taxes, assessments and governmental charges and other liens, encumbrances, and rights, none of which liens, encumbrances or rights, in our opinion, materially affects the use of the mortgaged property or the value thereof as security for the Mortgage Bonds, (ii) to the lien of the Trustee for compensation, expenses and indemnity to which it may be entitled under the Mortgage, and (iii) as to after-acquired property, to encumbrances, if any, existing thereon at the time of acquisition.
Under New Jersey law, the State of New Jersey owns in fee simple for the benefit of the public schools all lands now or formerly flowed by the tide up to the mean high-water line, unless it has made a valid conveyance of its interest in such property. Because of uncertainties raised as to possible claims of State ownership, an amendment to the New Jersey Constitution was adopted in the General Election held November 3, 1981 which provides that lands formerly tidal-flowed, but which were not then tidal-flowed at any time for a period of forty years, were not subject to State claims unless the State has specifically defined and asserted a claim within the one year of the adoption of the amendment. As a result, in May 1982 the State published maps of the eastern (Atlantic) coast of New Jersey depicting claims to portions of many properties, including certain properties owned by us. We believe we have good title to such properties and will vigorously defend our title, or will obtain such grants from the State as may ultimately be required. The cost to acquire any such grants may be covered by title insurance policies. Assuming that all of such State claims were determined adversely to us, they would relate to land, which, together with the improvements thereon, would amount to less than 1% of net utility plant. Maps showing State claims to property on the western Delaware River side of New Jersey were not published. However, we believe we have obtained all necessary grants from the State for our improved properties along the Delaware River.
The after-acquired property clause may not be effective as to property acquired subsequent to the filing of a petition with respect to us under the Federal Bankruptcy Code.
Our property subject to the lien of the Mortgage consists principally of our transmission lines, distribution lines, switching stations and substations, and our gas production plants and gas distribution facilities, and includes our undivided interests as a tenant in common without right of partition in jointly-owned gas production facilities and electric transmission lines.
Issuance of Mortgage Bonds
Mortgage Bonds may be authenticated and delivered in a principal amount not exceeding 60% of the cost or fair value to us (whichever is less) of additions or permanent improvements to the mortgaged property within 250 miles of Newark, New Jersey, after deducting the cost of property permanently abandoned and the difference between the cost and the net amount realized on the sale of property sold at a price to net less than half of its cost; but only if our unconsolidated net earnings (before income taxes, amortization of debt discount and expense, and fixed charges), for twelve consecutive months within the fifteen months preceding the application for the authentication of such additional Mortgage Bonds, shall have been at least twice our fixed charges, including interest on the Mortgage Bonds applied for. The principal amount of additional Mortgage Bonds which may be issued on account of the acquisition of property subject to prior liens is that amount which might be issued if there were no such liens, less the principal amount of obligations secured by such liens and not then deposited with the Trustee.
Mortgage Bonds may also be authenticated and delivered under the Mortgage from time to time, in a principal amount equal to the principal amount of Mortgage Bonds (excluding Mortgage Bonds retired through a sinking fund 

or by the application of the proceeds of released property) or certain prior debt bonds purchased, paid, refunded, or retired by us and deposited with the Trustee, upon such deposit.
Mortgage Bonds may also be issued:
		
	•
	in a principal amount not exceeding the amount of cash deposited by us with the Trustee, to be subsequently withdrawn on account of additions or improvements or as otherwise permitted by the Mortgage, upon compliance with the conditions which, at the time of withdrawal, would authorize the authentication of Bonds in an amount equal to the cash withdrawn, or 

		
	•
	in a principal amount not exceeding the principal amount of matured or maturing Mortgage Bonds or prior debt bonds, to provide for the payment or purchase thereof, within 12 months before maturity (including a maturity resulting from a call for redemption) or at or after maturity, provided that cash equal to the principal amount of the Mortgage Bonds so issued is simultaneously deposited with the Trustee in exchange therefor.

Maintenance and Depreciation Provisions
We must maintain the useful physical property subject to the Mortgage in good and businesslike working order and condition and make all needful and proper repairs, replacements, and improvements thereto. We must also maintain a reserve for renewals and replacements, reasonable according to the current standard practice of gas and electric utility companies or as approved or fixed by the Board of Public Utilities of the State of New Jersey.
Dividend Restrictions
So long as there remain outstanding any Mortgage Bonds (other than the 5% Bonds and the 8% Bonds), we may not pay any dividend on our common stock other than dividends payable in shares of such stock, or make any other distribution thereon or purchase or otherwise acquire for value any such stock, if such action would reduce our earned surplus below $10,000,000 less all amounts on our books on December 31, 1948, which shall have been thereafter required to be removed, in whole or in part, therefrom by charges to earned surplus pursuant to any order or rule of any regulatory body thereafter entered.
Amendment of Mortgage
The Mortgage may be modified by us and the Trustee with the consent of the holders of 85% in principal amount of the Mortgage Bonds then outstanding (as defined in the Mortgage for such purposes), including, if the modification affects less than all series of Mortgage Bonds outstanding, the holders of 85% in principal amount of the outstanding Mortgage Bonds of each series affected, and excluding Mortgage Bonds owned or controlled by us or by parties owning at least 10% of our outstanding voting stock. No such change, however, may alter the interest rate, redemption price or date, maturity date, or amount payable at maturity of any outstanding Mortgage Bond or conflict with the Trust Indenture Act.
Release and Substitution of Property
Cash proceeds of released property held by the Trustee:
		
	•
	may be paid to us to reimburse us for the full cost or fair value, whichever be less, of additions or improvements permitted under the Mortgage to be used as the basis for the issuance of additional Mortgage Bonds, without any net earnings requirement; 

		
	•
	may be paid to us in an amount equal to the principal amount of Mortgage Bonds or certain prior debt bonds purchased, paid, refunded, or retired by us and deposited with the Trustee; 

		
	•
	may be invested in obligations of the United States; or 

		
	•
	may be utilized by the Trustee for the purchase or redemption of Mortgage Bonds at the lowest prices obtainable. 

The Trustee must release pledged prior debt bonds of any issue if all prior debt bonds of such issue have been pledged and there is no lien on any of the mortgaged property senior to the lien of the Mortgage but junior to the lien of the prior debt bonds to be released. The Trustee must release franchises surrendered and structures removed or abandoned by us pursuant to a legal requirement or an agreement with a state or political subdivision thereof.
Certain additional provisions as to the release of property are referred to above under “Issuance of Mortgage Bonds” and “Maintenance and Depreciation Provisions.”
Defaults

The following constitute events of default under the Mortgage: 
		
	•
	default in the payment of the principal of any Mortgage Bonds or prior debt bonds; 

		
	•
	default, continued for three months, in the payment of interest on any Mortgage Bonds or in the payment of any installment of any sinking fund provided for any series of Mortgage Bonds; 

		
	•
	default, continued for three months after written notice to us from the Trustee or the holders of 5% in principal amount of the outstanding Mortgage Bonds, in the observance or performance of any other covenant or condition in the Mortgage; and 

		
	•
	the adjudication of us as a bankrupt, the appointment of a receiver for us or our property or the approval of a petition for our reorganization under the Federal Bankruptcy Code, if no appeal from such action is taken within 30 days, or on the same becoming final. 

The holders of 25% in principal amount of the Mortgage Bonds then outstanding (or a majority in principal amount of the Mortgage Bonds of any series in default, if default occurs in payments due with respect to Mortgage Bonds of less than all series) may require the Trustee to take all steps needful for the protection and enforcement of the rights of the Trustee and of the holders of Mortgage Bonds. The holders of 76% in principal amount of the Mortgage Bonds then outstanding have the right to direct and control the action of the Trustee in any judicial or other proceedings to enforce the Mortgage.
If a default in the payment of principal, interest or sinking fund installment affects exclusively the Mortgage Bonds of one or more series, the holders of a majority of the outstanding Mortgage Bonds of the series so affected may require the Trustee to accelerate the maturity of such Mortgage Bonds and also may require the Trustee to take other action for the protection of such bondholders.
Certificate of Compliance
The Mortgage does not require us to furnish to the Trustee any periodic evidence as to the absence of default or as to compliance with the terms of the Mortgage. However, pursuant to the provisions of the Trust Indenture Act we are required to certify to the Trustee, not less than annually, our compliance with all conditions and covenants under the Mortgage.
The Trustee
We maintain ordinary banking relationships with U.S. Bank National Association, including credit facilities and lines of credit. U.S. Bank National Association also serves as trustee under other indentures under which we or our affiliates are the obligor.
The Trustee may resign or be removed with respect to one or more series of Mortgage Bonds and a successor trustee may be appointed to act with respect to such series. In the event that two or more persons are acting as trustee with respect to different series of Mortgage Bonds under the Mortgage, each such trustee shall be a trustee of a trust thereunder separate and apart from the trust administered by any other such trustee, and any action described herein to be taken by the Trustee may then be taken by each such trustee with respect to, and only with respect to, the one or more series of Mortgage Bonds for which it is trustee.
Governing Law
The Mortgage and the Bonds are governed by, and construed in accordance with, the laws of the State of New Jersey.

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