PUBLIC SERVICE ENTERPRISE GROUP INC
8-K, 2000-08-22
ELECTRIC & OTHER SERVICES COMBINED
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported) August 21, 2000

                  PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
             (Exact name of registrant as specified in its charter)

   State of New Jersey               1-9120                      22-2625848
    (State or other          (Commission  File Number)       (I.R.S.  Employer
     jurisdiction of                                         Identification No.)
     incorporation)

                          80 Park Plaza, P.O. Box 1171
                          Newark, New Jersey 07101-1171
               (Address of principal executive offices) (Zip Code)

               Registrant's telephone number, including area code:
                                  973-430-7000

                     PUBLIC SERVICE ELECTRIC AND GAS COMPANY
             (Exact name of registrant as specified in its charter)

                      State of New Jersey 1-973 22-1212800
            (State or other (Commission File Number) (I.R.S. Employer
                       jurisdiction of Identification No.)
                                 incorporation)

                           80 Park Plaza, P.O. Box 570
                          Newark, New Jersey 07101-0570
               (Address of principal executive offices) (Zip Code)

               Registrant's telephone number, including area code:
                                  973-430-7000

<PAGE>

Item 2. Acquisition or Disposition of Assets
--------------------------------------------

     The following  information  updates certain matters previously  reported to
the Securities and Exchange Commission in the Annual Report on Form 10-K for the
year ended  December  31,  1999 and the  Quarterly  Reports on Form 10-Q for the
quarters ended March 31, 2000 and June 30, 2000 of Public  Service  Electric and
Gas Company (PSE&G) and its parent, Public Service Enterprise Group Incorporated
(PSEG).


Transfer of Electric Generation Related Assets from PSE&G to PSEG Power LLC

Reference  is made to the press  release of PSEG dated August 21, 2000 a copy of
which is  attached  hereto as Exhibit  99,  announcing  the transfer of PSE&G's
electric generation assets to PSEG Power LLC.


Item 7. Financial Statements and Exhibits
-----------------------------------------

Exhibit Designation           Nature of Exhibit

     99                       Press Release dated August 21, 2000

<PAGE>

                                    SIGNATURE
                                    ---------

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrants  have duly caused  this  report to be signed on their  behalf by the
undersigned hereunto duly authorized.

                  PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
                                  (Registrant)

                     PUBLIC SERVICE ELECTRIC AND GAS COMPANY
                                  (Registrant)




                              By: R. EDWIN SELOVER

           ----------------------------------------------------------

                                R. Edwin Selover
                       Vice President and General Counsel
                  Public Service Enterprise Group Incorporated


                    Senior Vice President and General Counsel
                     Public Service Electric and Gas Company



Date:  August 21, 2000


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