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 30, 2001
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(July 27, 2001)
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PUBLIC SERVICE COMPANY OF NEW MEXICO
(Exact name of registrant as specified in its charter)
New Mexico Commission 85-0019030
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(State or Other Jurisdiction File Number 1-6986 (I.R.S. Employer
of Incorporation) ------ Identification) Number)
Alvarado Square, Albuquerque, New Mexico 87158
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(Address of principal executive offices) (Zip Code)
(505) 241-2700
(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year,
if changed since last report)
Item 9. Regulation FD Disclosure
The following is a press release issued by the Company on July 27, 2001 and is
being filed herewith as a Regulation FD Disclosure.
PNM Asks N.M. Regulators to Reconsider Holding Company Order
ALBUQUERQUE, N.M. July 27, 2001 -PNM, Public Service Company of New Mexico
(NYSE:PNM) today asked the New Mexico Public Regulation Commission (PRC) to
reconsider conditions imposed in a commission order approving PNM's formation of
a new holding company.
The holding company order, issued June 28, places approximately 40 restrictions
on the new corporate structure. PNM believes some of those conditions are
unnecessarily burdensome and could have an adverse effect on the company's
ability to respond effectively to changing conditions in the utility industry
and in the energy marketplace.
In its request for rehearing, the company asks the PRC to reconsider provisions
of the order that:
o Restrict PNM's ability to pay dividends;
o Limit the company's ability to invest in new generating plants;
o Prohibit the utility from owning stock in any affiliate of the holding
company;
o Require PNM to provide the commission with business plans for all
non-regulated affiliates;
o Waive any PNM claim to recovery of costs allowed in Federal Energy
Regulatory Commission (FERC) proceedings but denied by the New Mexico
PRC.
The PRC has until August 16 to respond to PNM's request for rehearing. If the
commission does not act by then, the request is automatically denied.
PNM is a combined electric and gas utility serving approximately 1.3 million
people in New Mexico. The company also sells power on the wholesale market in
the Western U.S. PNM stock is traded primarily on the NYSE under the symbol PNM.
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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
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(Registrant)
Date: July 30, 2001 /s/ John R. Loyack
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John R. Loyack
Vice President, Corporate Controller
and Chief Accounting Officer
(Officer duly authorized to sign this report)
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