EXHIBIT 31.1

         Certifications Pursuant to Rules 13a-14 and 15d-14 of the 1934
                             Securities Exchange Act

CERTIFICATION:

I, Jeffry E. Sterba, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of each of PNM
     Resources, Inc. and Public Service Company of New Mexico;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material fact or omit to state a material fact necessary to make the
     statements made, in light of the circumstances under which such statements
     were made, not misleading with respect to the period covered by this
     report;

3.   Based on my knowledge, the financial statements, and other financial
     information included in this report, fairly present in all material
     respects the financial condition, results of operations and cash flows of
     each registrant as of, and for, the periods presented in this report;

4.   Each registrant's other certifying officer and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-15(e) and 15d-15(e)) for such registrant and we
     have:

     a)   Designed such disclosure controls and procedures, or caused such
          disclosure controls and procedures to be designed under our
          supervision, to ensure that material information relating to such
          registrant, including its consolidated subsidiaries, is made known to
          us by others within those entities, particularly during the period in
          which this report is being prepared;

     b)   Evaluated the effectiveness of such registrant's disclosure controls
          and procedures and presented in this report our conclusions about the
          effectiveness of the disclosure controls and procedures, as of the end
          of the period covered by this report based on such evaluation; and

     c)   Disclosed in this report any change in the registrant's internal
          control over financial reporting that occurred during the quarter
          ended June 30, 2003 that has materially affected, or is reasonably
          likely to materially affect, the registrant's internal control over
          financial reporting; and

5.   Each registrant's other certifying officer and I have disclosed, based on
     our most recent evaluation of internal control over financial reporting, to
     such registrant's auditors and the audit committee of such registrant's
     board of directors (or persons performing the equivalent functions):

     a)   All significant deficiencies and material weaknesses in the design or
          operation of internal controls over financial reporting which are
          reasonably likely to adversely affect such registrant's ability to
          record, process, summarize and report financial information; and

     b)   Any fraud, whether or not material, that involves management or other
          employees who have a significant role in such registrant's internal
          control over financial reporting.



November 13, 2003




/s/ Jeffry E. Sterba
- ----------------------------------
Jeffry E. Sterba,
Chairman, President and
Chief Executive Officer