Exhibit 16.0


June 11, 2002


Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549


Dear Sir/Madam:

The representations made in this letter are based solely on discussions with and
representations  from the  engagement  partner  and manager on the audits of the
financial  statements of this  registrant  for the two most recent fiscal years.
Those individuals are no longer with Arthur Andersen LLP. We have read the first
three paragraphs of Item 4 in the Form 8-K dated June 10, 2002 of PNM Resources,
Inc. filed with the  Securities and Exchange  Commission and have found no basis
for disagreement with the statements contained herein.


Very truly yours,


/s/Arthur Andersen LLP
- ---------------------------------------
ARTHUR ANDERSEN LLP


cc: Mr. John R. Loyack, VP, Corporate Controller and Chief
         Accounting Officer, PNM Resources, Inc.