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)    
 December 15, 2005
  
 
(November 30, 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:
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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

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

o 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 November 2005 and 2004 and the eleven months ended November 30, 2005 and November 30, 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
   
November 30,
   
2005
  
2004
   
(In thousands)
       
Energy Sales - MWh (1)
          
 
Regulated Sales:
          
   
PNM Electric
    
589
  
576
   
TNMP Electric
    
589
  
522
             
   
Total Regulated Sales
    
1,178
  
1,098
             
 
Unregulated Sales:
          
   
PNM Wholesale Long Term
    
181
  
235
   
PNM Wholesale Short Term
    
558
  
533
   
First Choice
    
234
  
358
       
   
Total Unregulated Sales
    
973
  
1,126
       

(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
 
 

 
Eleven Months Ended
 
November 30,
 
2005
  
2004
 
Post-
Acquisition(2)
 
Pre-
 
  
 
 
 
June 6 -
November 30
Acquisition(2)
Jan 1 - June 6
Total
Jan 1 - November 30
  
Total
Jan 1 - November 30
 
(In thousands)
           
Energy Sales - MWh (1)
          
Regulated Sales:
          
PNM Electric
-
-
7,044
  
6,842
TNMP Electric
4,007
2,876
6,883
  
6,520
           
Total Regulated Sales
4,007
2,876
13,927
  
13,362
           
Unregulated Sales:
         
PNM Wholesale Long Term
-
-
2,310
  
2,688
PNM Wholesale Short Term
-
-
7,372
  
8,535
First Choice
2,190
1,565
3,755
  
5,321
           
Total Unregulated Sales
2,190
1,565
13,437
  
16,544

 (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 November 30, 2005.
 

3
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
  
Eleven Months Ended
     
November 30,
  
November 30,
PNM
    
2005
  
2004
  
2005
  
2004
                   
   
HDD
331
 
371
  
3,213
  
3,341
                   
   
CDD
9
  
3
  
1,560
  
1,303
                   
TNMP
                   
   
HDD
117
  
97
  
1,282
  
1,328
                   
   
CDD
146
  
172
  
3,095
  
2,875
                   
First Choice
                   
   
HDD
105
  
78
  
1,182
  
1,224
                   
   
CDD
158
  
188
  
3,194
  
2,984

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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: December 15, 2005
/s/ Thomas G. Sategna
 
Thomas G. Sategna
 
Vice President and Corporate Controller
 
(Officer duly authorized to sign this report)

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