<ARTICLE> UT
<LEGEND>
     This schedule  contains summary  financial  information  extracted from the
Company's  Consolidated  Statement of Earnings,  Consolidated Balance Sheets and
Consolidated Statement of Cash Flows for the period ended March 31, 1998 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK>     0000081023
<NAME> Public Service Company of New Mexico
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               Mar-31-1998
<EXCHANGE-RATE>                                      1
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    1,573,240
<OTHER-PROPERTY-AND-INVEST>                    309,250
<TOTAL-CURRENT-ASSETS>                         246,377
<TOTAL-DEFERRED-CHARGES>                       152,963
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               2,281,830
<COMMON>                                       208,870
<CAPITAL-SURPLUS-PAID-IN>                      471,341
<RETAINED-EARNINGS>                            141,901
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 822,112
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     12,800
<LONG-TERM-DEBT-NET>                           574,344
<SHORT-TERM-NOTES>                             243,860
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                        0
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                          0
<LEASES-CURRENT>                                     0
<OTHER-ITEMS-CAPITAL-AND-LIAB>                 628,714
<TOT-CAPITALIZATION-AND-LIAB>                2,281,830
<GROSS-OPERATING-REVENUE>                      329,764
<INCOME-TAX-EXPENSE>                            12,680
<OTHER-OPERATING-EXPENSES>                     286,589
<TOTAL-OPERATING-EXPENSES>                     297,485
<OPERATING-INCOME-LOSS>                         32,279
<OTHER-INCOME-NET>                               2,722
<INCOME-BEFORE-INTEREST-EXPEN>                  35,001
<TOTAL-INTEREST-EXPENSE>                        13,787
<NET-INCOME>                                    21,214
<PREFERRED-STOCK-DIVIDENDS>                        147
<EARNINGS-AVAILABLE-FOR-COMM>                   21,067
<COMMON-STOCK-DIVIDENDS>                         7,102
<TOTAL-INTEREST-ON-BONDS>                       11,386
<CASH-FLOW-OPERATIONS>                          48,348
<EPS-PRIMARY>                                     0.50
<EPS-DILUTED>                                     0.50