PUBLIC SERVICE ENTERPRISE GROUP INC
8-K, 2000-11-29
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) November 21, 2000

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

   State of New Jersey              001-09120                      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




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<PAGE>
Items 5. Other Events
---------------------

     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,  June 30, 2000 and  September 30, 2000 of Public
Service Enterprise Group Incorporated (PSEG).


PSEG - Floating Rate Note Due May 21, 2002
------------------------------------------

     On November 21, 2000, PSEG sold $275 million of its Floating Rate Notes due
May 21, 2002 through a group of  underwriters.  Attached  hereto as Exhibit 4 is
the Form of Note for such transaction.



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

Exhibit
Designation         Nature of Exhibit
-----------         -----------------
    4               Form of Note


<PAGE>


                                   SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                  PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
                                  (Registrant)




                  By:           R. EDWIN SELOVER

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

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


Date: November 29, 2000



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