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) February 28, 2001
                                                  ------------------
                                                  February 20, 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 9.    Regulation FD Disclosure

The following is a press release  issued by the Company on February 20, 2001 and
is being filed herewith as a Regulation FD Disclosure.

PNM Declares Preferred Dividends

Albuquerque,  NM, February 20, 2001 -- The Board of Directors of PNM, the Public
Service Company of New Mexico (NYSE:  PNM), today declared the regular quarterly
dividend of $1.145 per share on the 4.58 percent series of cumulative  preferred
stock.  The  dividend  on the  preferred  stock is payable  April 15,  2001,  to
shareholders of record on April 1, 2001.

PNM  operates a combined  electric  and gas utility  serving  approximately  1.3
million people in New Mexico and sells power on the wholesale market.  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
                                                    (Registrant)


Date:  February 28, 2001                          /s/ John R. Loyack
                                         ------------------------------------
                                                    John R. Loyack
                                         Vice President, Corporate Controller
                                             and Chief Accounting Officer
                                              (Officer duly authorized
                                                to sign this report)


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