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) December 13, 2000
                                                  ------------------
                                                  December 12, 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 9.    Regulation FD Disclosure

The following is a press release  issued by the Company on December 12, 2000 and
is being filed herewith as a Regulation FD Disclosure.

                PNM Declares Common and Preferred Stock Dividend

Albuquerque,  N.M.,  December  12, 2000 -- The Board of  Directors  of PNM,  the
Public  Service  Company of New Mexico  (NYSE:PNM),  has  declared  the  regular
quarterly  dividend  of $0.20 per share on common  stock and $1.145 per share on
the 4.58 percent series of cumulative preferred stock.

The  indicated  annual  common  stock  dividend  rate of 80 cents  per  share is
unchanged from the previous  quarter.  The dividend is payable February 16, 2000
to shareholders of record on February 2, 2000.

The dividend on the preferred stock is payable January 15, 2000, to shareholders
of record on January 1, 2000.

PNM  operates a combined  electric  and gas utility  serving  approximately  1.3
million people in New Mexico and sells power on the wholesale market. Avistar, a
wholly-owned subsidiary of PNM, operates an advanced meter servicing business in
California  and  Nevada,  offers  energy  and  water  management  solutions  for
government  and  institutional  clients  in  the  Southwest,  and  is  assisting
e-commerce  provider  AMDAX.com in launching an  Internet-based  energy  auction
system. PNM stock is traded primarily on the NYSE under the symbol PNM.







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:  December 13, 2000                          /s/ John R. Loyack
                                         ------------------------------------
                                                    John R. Loyack
                                         Vice President, Corporate Controller
                                             and Chief Accounting Officer
                                              (Officer duly authorized
                                                to sign this report)