UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K
                                 CURRENT REPORT



                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITES EXCHANGE ACT OF 1934


         Date of Report (Date of earliest events reported) July 18, 2001
                                                           -------------
                                                           July 17, 2001
                                                           -------------



                      PUBLIC SERVICE COMPANY OF NEW MEXICO
             (Exact name of registrant as specified in its charter)


         New Mexico                  Commission                 85-0019030
----------------------------                             -----------------------
(State or Other Jurisdiction     File Number 1-6986         (I.R.S. Employer
                                             ------
      of Incorporation)                                  Identification) Number)



             Alvarado Square, Albuquerque, New Mexico      87158
             ----------------------------------------      -----
             (Address of principal executive offices)    (Zip Code)



                                 (505) 241-2700
              (Registrant's telephone number, including area code)

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






Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

(c)      Exhibits

99.1     Quarter Ended June 30, 2001 Earnings  Announcement  and  Consolidated
         Statements of Earnings - Three, Six and Twelve Months Ended
         June 30, 2001 and 2000

99.2     Other Select Financial Information


Item 9.  Regulation FD Disclosure

The Company is filing as exhibits to this Form 8-K its (1) Quarter Ended June
30, 2001 Earnings Announcement and Consolidated Statements of Earnings and (2)
other select financial information which will be posted on the Company's web
site on July 18, 2001.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release that relate to future events are made
pursuant to the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based upon current expectations and PNM assumes
no obligation to update this information. Because actual results may differ
materially from expectations, PNM cautions readers not to place undue reliance
on these statements. A number of factors, including weather, fuel costs, changes
in supply and demand in the market for electric power, the performance of
generating units and transmission systems, and state and federal regulatory and
legislative decisions and actions, including the wholesale electric power
pricing mitigation plan ordered by the Federal Energy Regulatory Commission
(FERC) on June 18, 2001, rulings issued by the New Mexico Public Regulation
Commission (NMPRC) pursuant to the Electric Utility Industry Restructuring Act
of 1999 (as amended), and in other cases now pending or which may be brought
before the FERC or the NMPRC, or other actions relating to utility restructuring
or stranded cost recovery, could cause PNM results to differ from results
forecast in this news release. For a detailed discussion of the important
factors affecting PNM, please see "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in the company's Form 10-K (as
amended) for the year ended December 31, 2000, Form 10-Q for the quarter ended
March 31, 2001, and Form 8-K filings with the Securities and Exchange
Commission.

Additional Information
In connection with the proposed transaction with Western Resources, PNM and
Western Resources will file a joint proxy statement / prospectus with the
Securities and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED
TO READ THE JOINT PROXY STATEMENT / PROSPECTUS WHEN IT BECOMES AVAILABLE,
BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders
may obtain a free copy of the joint proxy statement / prospectus (when
available) and other documents filed by PNM and Western Resources with the SEC
at the SEC's web site at http://www.sec.gov. Free copies of the joint proxy
statement / prospectus, when available, and each company's other filings with
the SEC may also be obtained from the respective companies. Free copies of PNM's
filings may be obtained by directing a request to PNM, Alvarado Square,
Albuquerque, New Mexico.

                                        2
                                     


SIGNATURES

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

                                   PUBLIC SERVICE COMPANY OF NEW MEXICO
                                   ------------------------------------
                                   (Registrant)


Date:  July 18, 2001                           /s/ John R. Loyack
                                   ---------------------------------------------
                                                  John R. Loyack
                                        Vice President, Corporate Controller
                                            and Chief Accounting Officer
                                   (Officer duly authorized to sign this report)


                                       3