<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 June 30, 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>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               Jun-30-1998
<EXCHANGE-RATE>                                      1
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    1,581,550
<OTHER-PROPERTY-AND-INVEST>                    369,323
<TOTAL-CURRENT-ASSETS>                         245,418
<TOTAL-DEFERRED-CHARGES>                       150,848
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               2,347,139
<COMMON>                                       208,870
<CAPITAL-SURPLUS-PAID-IN>                      467,173
<RETAINED-EARNINGS>                            148,177
<TOTAL-COMMON-STOCKHOLDERS-EQ>                 824,220
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     12,800
<LONG-TERM-DEBT-NET>                           111,001
<SHORT-TERM-NOTES>                             302,700
<LONG-TERM-NOTES-PAYABLE>                      463,345
<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>                 633,073
<TOT-CAPITALIZATION-AND-LIAB>                2,347,139
<GROSS-OPERATING-REVENUE>                      638,729
<INCOME-TAX-EXPENSE>                            21,155
<OTHER-OPERATING-EXPENSES>                     566,073
<TOTAL-OPERATING-EXPENSES>                     582,127
<OPERATING-INCOME-LOSS>                         56,602
<OTHER-INCOME-NET>                               7,753
<INCOME-BEFORE-INTEREST-EXPEN>                  64,355
<TOTAL-INTEREST-EXPENSE>                        28,363
<NET-INCOME>                                    35,992
<PREFERRED-STOCK-DIVIDENDS>                        293
<EARNINGS-AVAILABLE-FOR-COMM>                   35,699
<COMMON-STOCK-DIVIDENDS>                        15,456
<TOTAL-INTEREST-ON-BONDS>                       13,360
<CASH-FLOW-OPERATIONS>                          83,127
<EPS-PRIMARY>                                     0.85
<EPS-DILUTED>                                     0.85