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Item  8.01    Other Events.

Public Service Company of New Mexico ("PNM"), wholly owned subsidiary of PNM Resources, Inc. ("PNMR"),is a participant in the three 1,270-megawatt units of Palo Verde Nuclear Generating Station ("PVNGS").  Arizona Public Service Company ("APS") is the operating agent of PVNGS.  PNM is entitled to 10.2% of the power and energy generated by PVNGS.  PNM has a 10.2% ownership interest in PVNGS Unit 3 and has leasehold interests in approximately 7.9% of PVNGS Units 1 and 2 and an ownership interest in approximately 2.3% of PVNGS Units 1 and 2.

APS has reported that on October 11, 2005, plant engineers at PVNGS were unable to demonstrate that the original design of the emergency core cooling system could perform its safety function under certain scenarios.  PNM understands that the type of event that could be affected by the design issue is among the least probable events that could occur in a nuclear power plant.  In accordance with technical specifications, PVNGS Units 2 and 3 were temporarily shut down.  APS had taken PVNGS Unit 1 out of service on October 8, 2005 for a planned refueling and maintenance outage.

APS has reported that it is currently developing the necessary plant and procedural remedies that will address the issue that required PVNGS Units 2 and 3 to be shut down.  Upon Nuclear Regulatory Commission approval of these remedies, PVNGS Units 2 and 3 will be restarted and return to service.  PVNGS Unit 1 will return to service after the successful completion of its planned refueling and maintenance outage.

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.