SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                    FORM 8-K
                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

      Date of Report (Date of earliest event reported)    August 7, 1998
                                                         ----------------
                                                         (August 1, 1998)
                                                         ----------------

                      PUBLIC SERVICE COMPANY OF NEW MEXICO
                      ------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


                                 Commission
          New Mexico             File Number 1-6986          85-0019030
          ----------             ------------------          ----------
 (State or Other Jurisdiction                             (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 or Former Address if Changed, Since Last Report)







ITEM 7.  Financial Statements and Exhibits

(c)     Exhibits

The Registrant hereby files the following exhibits to its Registration Statement
on Form S-3 (Registration  No.  333-53367) which was declared  effective on July
20, 1998.

   Exhibit No.                          Description
   -----------                          -----------

        1       Public Service Company of New Mexico $435,000,000 Senior 
                Unsecured Notes, Underwriting Agreement dated as of 
                August 3, 1998

       4.3      First Supplemental Indenture, dated as of August 1, 1998,
                to Indenture dated as of August 1, 1998, providing for 
                7.10% Series A Senior Unsecured Notes Due 2005 and 7.50%
                Series B Senior Unsecured Notes Due 2018



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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 hereunto duly authorized.

                                       Public Service Company of New Mexico
                                                   (Registrant)



Date:  August 7, 1998                          /s/ Donna M. Burnett
                                       ------------------------------------
                                               Donna M. Burnett
                                               Corporate Controller and
                                               Chief Accounting Officer


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