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EXHIBIT 23.2 INDEPENDENT AUDITORS' CONSENT We consent to the use in this Amendment No. 5 to Registration Statement No. 333-83635 of PSE&G Transition Funding LLC on Form S-3 of our report dated November 17, 2000 appearing in the Prospectus, which is a part of such Registration Statement. DELOITTE & TOUCHE LLP December 18, 2000
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