NEW YORK (Standard&Poor's CreditWire) March 27, 2001--Standard&Poor's today assigned its triple-'B' corporate credit rating to PSEG Power LLC and its triple-'B' senior unsecured rating to the company's $1.6 billion of senior notes. The notes will be used to fund PSEG Power's acquisition of generation assets. At the same time, Standard&Poor's has affirmed its ratings on parent Public Service Enterprise Group Inc. (Enterprise; BBB/Stable/A-2), utility affiliate Public Service Electric&Gas Co. (PSE&G; A-/Stable/A-2), and affiliate PSEG Energy Holdings Inc. (A complete list of ratings is available on RatingsDirect, Standard&Poor's on-line credit research service, or by calling the Standard&Poor's Ratings Desk at (1) 212-438-2400.) The ratings on PSEG Power and its