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 events reported)

  January 14, 2005

   (December 31, 2004)

 

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

    

______________________________
 

(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 (the "Company") is filing in this Form 8-K select Comparative Operating Statistics for the months of December 2004 and 2003 and the twelve months ended December 31, 2004 and 2003 to provide investors with key monthly business indicators.  Readers of this 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.

PNM Resources, Inc. and Subsidiaries

Comparative Operating Statistics
 

Month Ended

Twelve Months Ended

December 31,

December 31,

2004

2003

2004

2003

Electric Service:

Energy Sales - MWh (in thousands)

Retail

655

618

7,497

7,325

Wholesale
 

Long Term Sales

255

238

2,944

2,470

Forward Sales

73

273

2,999

3,597

Short Term Sales

450

   502   6,058   5,835
             

Total Wholesale Sales

 778   1,013   12,001   11,902
             

Total Energy Sales

 1,433   1,631   19,498   19,227

Forward sales, by their nature, are entered into prior to the month in which they are reported.  The decrease in Forward Sales volume for December 2004 from 2003 is attributed to minimal market spreads in the Forward Sales market. 

Weather:

Heating and Cooling Days - Albuquerque, NM

The heating degree-day value (HDD) is the accumulation in degrees that the daily mean temperature was below 65 degrees Fahrenheit.  The cooling degree-day value (CDD) is the accumulation in degrees that the daily mean temperature was above 65 degrees Fahrenheit.
 

 

HDD

861

852

  

4,043

  

3,692
         

CDD

0

0

  

1,304

  

1,671

 

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. AND

PUBLIC SERVICE COMPANY OF NEW MEXICO

(Registrants)
 

Date:  January 14, 2005

/s/ Thomas G. Sategna

Thomas G. Sategna

Vice President and Corporate Controller

(Officer duly authorized to sign this report)