Item 7.01 Regulation FD Disclosure

PSEG, Power and PSE&G

On June 18 and 19, 2008, PSEG is participating in UBS Investor Meetings in Boston, MA. A copy of the discussion materials used at the meeting is furnished as Exhibit 99 to this Form 8-K.

Item 8.01 Other Events

PSEG

On June 17, 2008, PSEG announced that a subsidiary of PSEG Energy Holdings L.L.C., PSEG Global L.L.C. (Global), has entered into a definitive agreement for the sale of the SAESA Group of Companies (SAESA Group) to a consortium formed by Morgan Stanley Infrastructure and the Ontario Teachers' Pension Plan. The SAESA group consists of major electric distribution and transmission businesses with 639,000 customers in Chile and total more than 135 MW's of wind, hydro, diesel and gas electric generation capacity. A copy of the Press Release announcing the agreement is furnished as Exhibit 99.1 to this Form 8-K.

Item 9.01 Financial Statements and Exhibits

Exhibit 99 Discussion Materials for the UBS Investor Meetings.
Exhibit 99.1 Press Release announcing the agreement to sell SAESA dated June 17, 2008

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