PUBLIC SERVICE ELECTRIC & GAS CO
SC 13G, 1994-02-08
ELECTRIC & OTHER SERVICES COMBINED
Previous: PEC ISRAEL ECONOMIC CORP, DEF 14A, 1994-02-08
Next: PUTNAM DAILY DIVIDEND TRUST, 497, 1994-02-08



                                                                            
                            SECURITIES AND EXCHANGE COMMISSION              
                                 Washington, D.C.  20549                    
                        
                                   Schedule  13G                            
                    
                                                              
                       Under the Securities Exchange Act of 1934
                                (Amendment No.         )*                   
                            
                                                                            
 
                               Public Service Electric & Gas                
        
                                  (Name of Issuer)                          
       
                                                                            
   
                                   $1.88 Preferred Shares                   
        
                          (Title of Class of Securities)                    
     
                                                            
                                  #744567868                       
                                  (CUSIP Number)

Check the following box if a fee is being paid with this statement ___X_. 
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)                                     
                                                                            
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent  amendment containing information which
would alter the disclosures provided in a prior cover page.                 
                                                    
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act")  or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).                                
                                                                            
        
                                                                            
        
                             (Continued on following pages(s))              
                             
                                                                            
         
                                   Page 1 of  5  Pages                      
                                                                            
                                                                            
  CUSIP No.   744567868                   Page __2____ of ___5___ Pages


1   NAME OF REPORTING PERSON                                                
    
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       
     
    Dean Witter Utilities Fund

    IRS No. 13-3439843                                                      
 

2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   

     (a)                      (b)  
          Not Applicable.          Not Applicable.


3    SEC USE ONLY                                                           


4    CITIZENSHIP OR PLACE OF ORGANIZATION                                   
         
     Massachusetts                                                          


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:


5    SOLE VOTING POWER         
     
     30,000 shares of $1.88 Preferred Stock  


6    SHARED VOTING POWER 


7    SOLE DISPOSITIVE POWER             
 
     30,000 


8    SHARED DISPOSITIVE POWER   


9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           
      
     30,000  


10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  
 


11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                        
   
     6.000%


12   TYPE OF REPORTING PERSON*                                              

     IV 


                          *SEE INSTRUCTION BEFORE FILLING OUT!              
  


                                                                            
              
                          Schedule 13G
 

Issuer:   Public Service Electric & Gas
CUSIP NO.:744567868

Item 1(a) Name of Issuer:
               Public Service Electric & Gas

Item 1(b) Address of Issuer's Principal Executive Offices:
               80 Park Place, PO Box 1171
               Newark, NJ  07101
               
Item 2(a) Name of Person Filing:
               Dean Witter Utilities Fund

Item 2(b) Address of Principal Business Office:
               Two World Trade Center, New York, NY 10048 

Item 2(c) Citizenship:
               Massachusetts

Item 2(d) Title of Class Securities:
                 $1.88 Preferred Stock

Item 2(e) CUSIP Number:
              744567868

Item 3    If this statement is filed pursuant to Rules 13d -
          1(b), or 13d-2(b), check whether the person filing 
          is a:.

  (a)  ( )   Broker or Dealer registered under Section 15 of the Act.

  (b)  ( )   Bank as defined in Section 3(a) (6) of the Act. 

  (c)  ( )   Insurance Company as defined in Section 3(a) (19) of 
             the Act.

  (d)  (x)   Investment Company registered under Section 8 of the 
             Investment Company Act. 



                           Page 3 of 5 Pages

Item 4    Ownership:

          (a)  Amount of Beneficially Owned: 
          
                 30,000                                          

          (b)  Percent of Class: 

                 6.000%                                          

          (c)  Number of shares as to which such person has:
 
                     (i)  sole power to vote or to direct the 
                         vote    30,000                
                    (ii)  shared power to vote or to direct the 
                        vote         -0-              
                 (iii)  sole power to dispose or to direct
                        the disposition of    30,000  
                  (iv)  shared power to dispose or to direct
                        the disposition of    -0-     

Item 5    Ownership of Five Percent or Less of a Class. 

                   Not Applicable.

Item 6    Ownership of More than Five Percent on Behalf of 
          Another Person. 

                   Not Applicable.
                                                                 
Item 7    Identification and Classification of the             
          Subsidiary Which Acquired the Security Being         
          Reported on By the Parent Holding Company.           
                                                                 
                   Not Applicable.                               
                                                                 
Item 8    Identification and Classification of Members of      
          the Group.                                           
                                                                 
                   Not Applicable.                               
                                                                 
Item 9    Notice of Dissolution of Group.                      
                                                                 
                   Not Applicable.



                          Page 4 of 5 Pages                                    
 
                                                                 
                                                                 
                                                                 
                                                                 
<PAGE>
Item 10  Certification.

               By signing below I certify that, to the best
          of my knowledge and belief, the securities
          referred to above were acquired in the ordinary 
          course of business and were not acquired for the
          purpose of and do not have the effect of 
          changing or influencing the control of the issuer
          of such securities and were not acquired in 
          connection with or as a participant in any
          transaction having such purpose or effect. 

                            SIGNATURE

                After reasonable inquiry and to the best of my 
          knowledge and belief, I certify that the 
          information set forth in this statement is true,  
          complete and correct. 

                February 8, 1994                           
              (Date)

           /s/Edward Gaylor/Vice President                 
          (Signature)

              Edward Gaylor/Vice President                  
          (Name/Title)





                        Page 5 of 5 Pages





send/sch.13G.2


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission