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)   May 25, 2001
                                                  ------------------
                                                    May 22, 2001
                                                  ------------------


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


         New Mexico                                          85-0019030
 ---------------------------     Commission              ----------------------
(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  5.   Other Event

On May 22, 2001, the Kansas Corporation  Commission (the "KCC") supplemented its
May 8,  2000  order  (see the  Company's  Quarterly  report in Form 10-Q for the
fiscal quarter ended March 31, 2001,  "Acquisition of Western Resources Electric
Operations")  and,  among  other  things,  declared  the  Asset  Allocation  and
Separation  Agreement (the "AASA") to be of no force and legal effect unless and
until  approved by the KCC.  The AASA is required  for the  split-off  of Westar
Industries.  The successful split-off of Westar Industries is a condition of the
Company's proposed  acquisition of Western Resources' electric utility assets. A
copy of the supplement to the May 8, 2001 order is attached as an exhibit.

Item  7.  Financial Statements and Exhibits

(c) Exhibits

    Exhibit 99.1 - Order of the Kansas Corporation Commission dated May 22, 2001


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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:  May 25, 2001                              /s/ John R. Loyack
                                         ------------------------------------
                                                    John R. Loyack
                                         Vice President, Corporate Controller
                                             and Chief Accounting Officer
                                              (Officer duly authorized
                                                to sign this report)

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