EXHIBIT 23.2



INDEPENDENT AUDITORS' CONSENT




We consent to the incorporation by reference in Registration Statement No.
333-53367 and 333-106079 of Public Service Company of New Mexico on Form S-3 of
our reports dated March 8, 2004 (which express an unqualified opinion and
include explanatory paragraphs referring to the adoption of Statement of
Financial Accounting Standards No. 143, "Accounting for Asset Retirement
Obligations," effective January 1, 2003 and the change in actuarial valuation
measurement date for the pension plan and other post-retirement benefits from
September 30 to December 31), appearing in this Annual Report on Form 10-K of
Public Service Company of New Mexico for the year ended December 31, 2003.


/s/ DELOITTE & TOUCHE LLP


Omaha, Nebraska
March 10, 2004