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)

  November 22, 2005

(October 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:

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

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

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

[]   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 October 2005 and 2004 and the ten months ended October 31, 2005 and October 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

 

October 31,

 

2005

 

2004

 

(In thousands)

Energy Sales - MWh (1)

Regulated Sales:

PNM Electric

615

594

TNMP Electric

622

616

 

 

Total Regulated Sales

1,237

1,210

 

Unregulated Sales:

PNM Wholesale Long Term

189

237

PNM Wholesale Short Term

439

439

First Choice

281

441

Total Unregulated Sales

909

1,117

 

(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.

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Ten Months Ended

October 31,

 

2005

 

2004

 

Post-
Acquisition
(2)

 
Pre-

 
Total

 


Total

 

June 6 -
October 31

Acquisition(2) Jan 1 - June 6

Jan 1 - October 31

Jan 1 - October 31

 

(In thousands)

Energy Sales - MWh (1)

Regulated Sales:

PNM Electric

-

-

6,454

6,266

TNMP Electric

3,419

2,876

6,295

5,998

 

Total Regulated Sales

3,419

2,876

12,749

12,264

 

Unregulated Sales:

PNM Wholesale Long Term

-

-

2,129

2,453

PNM Wholesale Short Term

-

-

6,814

8,001

First Choice

1,956

1,565

3,521

4,964

Total Unregulated Sales

1,956

1,565

12,464

15,418

(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.

(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 October 31, 2005.

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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

Ten Months Ended

October 31,

October 31,

PNM

2005

2004

2005

2004

HDD

100

110

2,882

2,970

CDD

134

95

1,551

1,300

TNMP

HDD

27

6

1,165

1,231

CDD

371

359

2,949

2,703

First Choice

HDD

24

2

1,077

1,146

CDD

388

383

3,036

2,796

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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:  November 22, 2005

/s/ Thomas G. Sategna

Thomas G. Sategna

Vice President and Corporate Controller

(Officer duly authorized to sign this report)

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