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)

  September 20, 2005

(August 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 August 2005 and 2004 and the eight months ended August 31, 2005 and August 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 reporting 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 TNP, including its subsidiaries TNMP and 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

 

August 31,

 

2005

 

2004

 

(In thousands)

Energy Sales - MWh (1)

Regulated Sales:

PNM Electric

760

716

TNMP Electric

751

674

 

 

Total Regulated Sales

1,511

1,390

 

Unregulated Sales:

PNM Wholesale Long Term

222

257

PNM Wholesale Short Term

769

982

First Choice

447

606

Total Unregulated Sales

1,438

1,845

 

(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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Eight Months Ended

August 31,

 

2005

 

2004

 

Post-
Acquisition
(2)

 
Pre-

 
Total

 


Total

 

June 6 -
August 31

Acquisition(1) Jan 1 - June 6

Jan 1 - August 31

Jan 1 - August 31

 

(In thousands)

Energy Sales - MWh (1)

Regulated Sales:

PNM Electric

-

-

5,170

5,033

TNMP Electric

2,132

2,876

5,008

4,682

 

Total Regulated Sales

2,132

2,876

10,178

9,715

 

Unregulated Sales:

PNM Wholesale Long Term

-

-

1,738

1,963

PNM Wholesale Short Term

-

-

5,564

6,663

First Choice

1,280

1,565

2,845

4,014

Total Unregulated Sales

1,280

1,565

10,147

12,640

(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 August 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

 Eight Months Ended

August 31,

August 31,

PNM

2005

2004

2005

2004

HDD

0

0

2,778

2,850

CDD

454

369

1,108

953

TNMP

HDD

0

0

1,138

1,225

CDD

619

552

1,996

1,862

First Choice

HDD

0

0

1,053

1,144

CDD

630

564

2,048

1,912

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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:  September 20, 2005

/s/ Thomas G. Sategna

Thomas G. Sategna

Vice President and Corporate Controller

(Officer duly authorized to sign this report)

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