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) January 25, 2001
                                                  ---------------------
                                                  January 25, 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 7.  Financial Statements, Pro Forma Financial Information and Exhibits

(c)      Exhibits

99.1     Quarter and Year Ended  December 31, 2000 Earnings  Announcement  and
         Consolidated  Statements of Earnings - Three and Twelve Months Ended
         December 31, 2000 and 1999

99.2     Other Select Financial Information

Item 9.    Regulation FD Disclosure

The  Company is filing as  exhibits  to this Form 8-K its (1) Quarter and Twelve
Months Ended December 31, 2000 Earnings Announcement and Consolidated Statements
of Earnings and (2) other select financial  information  which will be posted on
the Company's web site on January 25, 2001.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements  made in this news  release  that  relate to future  events  are made
pursuant  to  the  Private  Securities  Litigation  Reform  Act of  1995.  These
forward-looking  statements are based upon current  expectations and the company
assumes no obligation to update this  information.  Because  actual  results may
differ materially from  expectations,  the company cautions readers not to place
undue reliance on these statements. A number of factors, including weather, fuel
costs,  changes  in supply and demand in the  market  for  electric  power,  the
performance of generating units and transmission  system,  and state and federal
regulatory and legislative  decisions and actions,  including but not limited to
rulings issued by the New Mexico Public  Regulation  Commission  pursuant to the
Electric  Utility  Industry  Restructuring  Act of 1999 and in other  cases  now
pending or which may be brought  before the commission and any action by the New
Mexico  Legislature  to amend or repeal that Act, or other  actions  relating to
restructuring  or stranded cost recovery could cause PNM operating  revenues and
earnings to differ from results  forecast in this press release.  For a detailed
discussion of the important  factors  affecting  PNM,  please see  "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in the
Company's  Form 10-K for the year ended  December  31,  1999,  Form 10-Q for the
quarter ended September 30, 2000 and 8K filings with the Securities and Exchange
Commission.


                                       2




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


                                       3