Edgar Filing: PUBLIC SERVICE CO OF NEW MEXICO

Form 8-K

UNITED STATES
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)	January 20, 2006
	(December 31, 2005)

Commission	Name of Registrants, State of Incorporation,	I.R.S. Employer
File Number	Address and Telephone Number	Identification No.

333-32170	PNM Resources, Inc.	85-0468296
	(A New Mexico Corporation)
	Alvarado Square
	Albuquerque, New Mexico 87158
	(505) 241-2700

1-6986	Public Service Company of New Mexico	85-0019030
	(A New Mexico Corporation)
	Alvarado Square
	Albuquerque, New Mexico 87158
	(505) 241-2700

2-97230	Texas-New Mexico Power Company	75-0204070
	(A Texas Corporation)
	4100 International Plaza,
	P.O. Box 2943
	Fort Worth, Texas 76113
	(817) 731-0099
______________________________

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

o Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)

Item 7.01 Regulation FD Disclosure.

PNM Resources, Inc. and Subsidiaries (“PNMR” or the "Company") is furnishing in this Current Report on Form 8-K select Comparative Operating Statistics for the months of December 2005 and 2004 and the twelve months ended December 31, 2005 and December 31, 2004 to provide investors with key monthly business indicators. Readers of this Current Report on Form 8-K should refer to the Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s annual and quarterly periodic reports on Form 10-K and Form 10-Q, respectively, for a discussion of actual results of operations and any significant trends.

On June 6, 2005, the Company completed its previously announced acquisition of TNP Enterprises, Inc. and Subsidiaries (“TNP”). Prior to the consummation of the acquisition, TNP was a privately-owned holding company based in Forth Worth, Texas. TNP’s principal subsidiaries are Texas-New Mexico Power Company (“TNMP”), a regulated utility operating in Texas and New Mexico, and First Choice Power (“First Choice”), a certified retail electric provider operating in Texas.

Electric service operating statistics of TNMP, First Choice, and Public Service Company of New Mexico (“PNM”), a regulated utility subsidiary of the Company operating in New Mexico, are included in the information presented below.

	Month Ended
	December 31,
	2005	2004
	(In thousands)

Energy Sales - MWh ⁽¹⁾
Regulated Sales:
PNM Electric	668	655
TNMP Electric	568	607

Total Regulated Sales	1,236	1,262

Unregulated Sales:
PNM Wholesale Long Term	207	255
PNM Wholesale Short Term	698	523
First Choice	310	422

Total Unregulated Sales	1,215	1,200

⁽¹⁾ Megawatt hours are presented on a segment basis only. The sum of segment megawatt hours is not presented as it includes intersegment activity and would not properly reflect total megawatt hours for the consolidated Company.

	Twelve Months Ended
	December 31,
	2005			2004
	Post- Acquisition⁽²⁾	Pre-	Total	Total
	June 6 - December 31	Acquisition⁽²⁾ Jan 1 - June 6	Jan 1 - December 31	Jan 1 - December 31
	(In thousands)

Energy Sales - MWh ⁽¹⁾
Regulated Sales:
PNM Electric	-	-	7,712	7,497
TNMP Electric	4,575	2,876	7,451	7,126

Total Regulated Sales	4,575	2,876	15,163	14,623

Unregulated Sales:
PNM Wholesale Long Term	-	-	2,517	2,944
PNM Wholesale Short Term	-	-	8,070	9,057
First Choice	2,500	1,565	4,065	5,744

Total Unregulated Sales	2,500	1,565	14,652	17,745

⁽²⁾ The acquisition was effective as of 8:00 AM Central Daylight Time on June 6, 2005. As a result of the 8:00 AM Central Daylight Time closing, sales data is presented for pre-acquisition activity, from January 1 through June 6, 2005, and post-acquisition from June 6 through December 31, 2005.

Heating Degree Day (HDD) values and Cooling Degree Day (CDD) values represent the accumulation in degrees that the daily mean temperature was below or above, respectively, 65 degrees Fahrenheit during a period of time, typically corresponding to a calendar month.

Statistics on HDD and CDD are taken from the service territories of the service provider. PNM’s HDD and CDD statistics are based on weather in Albuquerque, New Mexico. TNMP’s HDD and CDD statistics are based on data from Waco, Houston, Wink, Dallas and Fort Worth, Texas and Alamogordo and Deming, New Mexico. HDD and CDD statistics for First Choice are based on data from Waco, Houston, Wink, Dallas and Fort Worth, Texas.

Weather - Cycle-Weighted HDD and CDD:

		Month Ended		Twelve Months Ended
		December 31,		December 31,
PNM		2005	2004	2005	2004

	HDD	619	688	3,837	4,029

	CDD	-	-	1,560	1,303

TNMP

	HDD	317	299	1,599	1,627

	CDD	52	25	3,147	2,900

First Choice

	HDD	300	267	1,482	1,491

	CDD	58	27	3,252	3,011

SIGNATURE

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

	PNM RESOURCES, INC.
	PUBLIC SERVICE COMPANY OF NEW MEXICO
	TEXAS-NEW MEXICO POWER COMPANY
	(Registrants)


Date: January 20, 2006	/s/ Thomas G. Sategna
	Thomas G. Sategna
	Vice President and Corporate Controller
	(Officer duly authorized to sign this report)