Texas New Mexico Power 10-Q/A 2006 Q1 Quarterly report (amended)

Exhibit 12.2

PNM RESOURCES, INC. AND SUBSIDIARIES

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividend

(1,000's)

		Three
		Months
Line		Ended	Year Ended December 31,
No.		3/31/06	2005	2004	2003	2002	2001
	Fixed charges, as defined by the Securities and
	Exchange Commission:
1	Interest on Long-term Debt	$ 22,531	$ 75,736	$ 46,702	$ 59,429	$ 56,409	$ 62,716
2	Amortization of Debt Premium, Discount and
	Expenses	1,058	3,642	2,697	2,838	2,302	2,346
	Other Interest	4,974	14,299	2,319	5,423	2,859	(42)
4	Estimated Interest Factor of Lease Rental
	Charges	5,568	20,643	19,617	20,452	23,233	22,856
5	Total Fixed Charges	34,131	114,320	71,335	88,142	84,803	87,876
6	Preferred dividend requirements	132	2,868	572	586	586	586
7	Total Fixed Charges and Preferred dividend
	requirements	$ 34,263	$117,188	$ 71,907	$ 88,728	$ 85,389	$ 88,462
	Earnings, as defined by the Securities and
	Exchange Commission:
8	Consolidated Net Earnings from Continuing
	Operations	$ 26,457	$ 71,021	$ 88,258	$ 59,138	$ 64,272	$150,433
9	Income Taxes	15,348	32,861	49,247	27,889	33,032	81,063
10	Add Fixed Charges as Above	34,131	114,320	71,335	88,142	84,803	87,876
11	Earnings Available for Fixed Charges	$ 75,936	$218,202	$208,840	$175,169	$182,107	$319,372
12	Ratio for Earnings to Fixed Charges	2.22	1.86	2.90	1.97	2.13	3.61