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)   April 18, 2001
                                                  ------------------
                                                    April 18, 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 April 17, 2001 and is
being filed herewith as a Regulation FD Disclosure.

                PNM Declares Common and Preferred Stock Dividend

Albuquerque,  N.M.,  April 17, 2001 -- 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 May 18, 2001 to
shareholders of record on May 2, 2001.

The dividend on the preferred stock is payable July 15, 2001, to shareholders of
record on July 1, 2001.

PNM is a combined  electric and gas utility  serving  approximately  1.3 million
people in New Mexico.  The company also sells power on the  wholesale  market in
the Western U.S. 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:  April 18, 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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