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) November 17, 2000
                                                  -------------------
                                                  November 8, 2000
                                                  -------------------


                      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 Events.

     On November 8, 2000,  Public  Service  Company of New Mexico,  a New Mexico
corporation  (the  "Company")  Western  Resources,  Inc.,  a Kansas  corporation
("Western"),  HVOLT Enterprises,  Inc., a Delaware corporation ("Parent"),  HVK,
Inc., a Kansas  corporation  and a wholly owned  subsidiary  of Parent  ("Merger
Sub-1"),  and HVNM, Inc., a New Mexico corporation and a wholly owned subsidiary
of Parent ("Merger Sub-2"),  entered into an Agreement and Plan of Restructuring
and Merger, dated as of November 8, 2000 (the "Merger  Agreement"),  and related
agreements, including the Asset Allocation and Separation Agreement, dated as of
November  8,  2000   ("Allocation   Agreement"),   between  Western  and  Westar
Industries,  Inc., a Kansas corporation and a wholly owned subsidiary of Western
("Westar"),   providing  for  an  integrated   transaction  (the  "Transaction")
involving  (a)  delivery by Western to its  shareholders  of its then  ownership
interest in Westar,  followed by (b) the merger of Merger Sub-1 into Western and
the  merger of Merger  Sub-2 into  Manzano  Corporation,  a New  Mexico  holding
company  to be  formed  as a  result  of  the  pending  Company's  restructuring
("Manzano"),  pursuant  to which each of Manzano,  Western and the Company  will
become  wholly  owned  subsidiaries  of Parent and the  shareholders  of Western
(including  Westar) will receive a total of 55 million  shares of Parent  common
stock,  subject to  adjustment as provided in the Merger  Agreement.  The Merger
Agreement,  the  Allocation  Agreement  and the  Form of  Stockholder  Agreement
between Parent and Westar,  together with the forms of certain  certificates  of
designations relating to the Transaction are filed herewith and are incorporated
herein by reference.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

        (c)    Exhibits.

        99.1   Agreement  and  Plan of  Restructuring  and  Merger,  dated as of
               November 8, 2000 among Western  Resources,  Inc.,  Public Service
               Company of New Mexico,  HVOLT  Enterprises,  Inc.,  HVK, Inc. and
               HVNM, Inc.

        99.2   Asset Allocation and Separation  Agreement,  dated as of November
               8, 2000, between Western  Resources,  Inc. and Westar Industries,
               Inc.

        99.3   Form of Stockholder Agreement between HVOLT Enterprises, Inc. and
               Westar Industries, Inc.

        99.4   Form of Western Resources, Inc. Certificate of Designations for a
               Series  of  Preference  Stock  designated  as  "7.5%  Convertible
               Preference Stock."

        99.5   Form of HVOLT Enterprises, Inc. Certificate of Designations for a
               Series  of  Preferred  Stock  designated  as  "7.5%   Convertible
               Preferred Stock."



                                   SIGNATURE

     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 hereunto duly authorized.


                                       PUBLIC SERVICE COMPANY OF NEW MEXICO
                                                    (Registrant)


Date:  November 17, 2000                           /s/ Max H. Maerki
                                         ------------------------------------
                                                     Max H. Maerki
                                              Senior Vice President, and
                                               Chief Financial Officer
                                              (Officer duly authorized
                                                to sign this report)