Exhibit 15.2



INDEPENDENT ACCOUNTANTS' AWARENESS LETTER


May 7, 2004


Public Service Company of New Mexico
Albuquerque, New Mexico

We have made reviews, in accordance with standards established by the American
Institute of Certified Public Accountants, of the unaudited interim financial
information of Public Service Company of New Mexico and subsidiaries for the
three-month periods ended March 31, 2004 and 2003, as indicated in our report
dated April 30, 2004 (which report includes explanatory paragraphs related 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 benefit plans from September 30 to December 31 during 2003);
because we did not perform an audit, we expressed no opinion on that
information.

We are aware that our report referred to above, which is included in your
Quarterly Report on Form 10-Q for the quarter ended March 31, 2004, is
incorporated by reference in Registration Statement Nos. 333-53367 and
333-106079 on Form S-3.

We also are aware that the aforementioned report, pursuant to Rule 436(c) under
the Securities Act of 1933, is not considered a part of the Registration
Statement prepared or certified by an accountant or a report prepared or
certified by an accountant within the meaning of Sections 7 and 11 of that Act.





/s/ DELOITTE & TOUCHE LLP