Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
CURRENT REPORT
 
 
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 

Date of Report (Date of earliest event reported)
     June 21, 2006
  
 
    (May 31, 2006)
  

Commission
 
Name of Registrants, State of Incorporation,
  
I.R.S. Employer
File Number
  
Address and Telephone Number
  
Identification No.
         
001-32462
  
PNM Resources, Inc.
  
85-0468296
   
(A New Mexico Corporation)
    
   
Alvarado Square
    
   
Albuquerque, New Mexico 87158
    
   
(505) 241-2700
    
         
001-06986
  
Public Service Company of New Mexico
  
85-0019030
   
(A New Mexico Corporation)
    
   
Alvarado Square
    
   
Albuquerque, New Mexico 87158
    
   
(505) 241-2700
    
         
002-97230
  
Texas-New Mexico Power Company
  
75-0204070
   
(A Texas Corporation)
    
   
4100 International Plaza,
   
   
P.O. Box 2943
    
   
Fort Worth, Texas 76113
    
   
(817) 731-0099
    
______________________________
 
(Former name, former address and former fiscal year, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[]  Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 7.01 Regulation FD Disclosure.

PNM Resources, Inc. and Subsidiaries (“PNMR” or the "Company") is furnishing in this Current Report on Form 8-K select Comparative Operating Statistics for the months of May 2006 and 2005 and the five months ended May 31, 2006 and May 31, 2005 to provide investors with key monthly business indicators. Readers of this Current Report on Form 8-K should refer to the Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s annual and quarterly periodic reports on Form 10-K and Form 10-Q, respectively, for a discussion of actual results of operations and any significant trends.

The Company’s principal operating subsidiaries are Public Service Company of New Mexico (“PNM”), a regulated utility subsidiary operating in New Mexico, Texas-New Mexico Power Company (“TNMP”), a regulated utility operating in Texas and New Mexico and First Choice Power (“First Choice”), a certified retail electric provider operating in Texas. In addition, PNMR includes the results of Altura Power, L.P. (“Altura”), an indirect wholly owned subsidiary of PNMR, that owns and operates Twin Oaks, a 305 MW coal-fired power plant located 150 miles south of Dallas, Texas. Select Comparative Operating Statistics for these subsidiaries are included in the information presented below.

 
Month Ended
  
Five Months Ended
  
 
May 31,
  
May 31,
  
 
2006
  
2005
  
2006
  
2005
  
     
(In thousands)
      
Energy Sales - MWh (1)
                
Regulated Sales:
                
PNM Electric
668
  
620
  
3,108
  
2,969
  
TNMP Electric (2)
687
  
621
  
3,049
  
2,756
  
                 
Total Regulated Sales
1,355
  
1,241
  
6,157
  
5,725
  
                 
Unregulated Sales:
                
Wholesale Long Term (3)
427
  
192
  
1,244
  
1,089
  
Wholesale Short Term
593
  
751
  
3,284
  
3,418
  
First Choice (2)
355
  
341
  
1,412
  
1,491
  
                 
Total Unregulated Sales
1,375
  
1,284
  
5,940
  
5,998
  

(1) Megawatt hours are presented on a segment basis only. The sum of segment megawatt hours is not presented as it includes intersegment activity and would not properly reflect total megawatt hours for the consolidated Company.

(2) The Company completed its acquisition of TNP Enterprises, Inc. (“TNP”) and its principal subsidiaries, TNMP and First Choice on June 6, 2005. For comparative purposes, the month and five months ended May 31, 2005 include pre-acquisition data.

(3) Altura completed its acquisition of Twin Oaks on April 18, 2006. This includes 216 MWh and 273 MWh for Altura for the month and five months ended May 31, 2006, respectively. No comparative data is presented for 2005.

 

2


Heating Degree Day (“HDD”) values and Cooling Degree Day (“CDD”) values represent the accumulation in degrees that the daily mean temperature was below or above, respectively, 65 degrees Fahrenheit during a period of time, typically corresponding to a calendar month.

Statistics on HDD and CDD are taken from the service territories of the service provider. PNM’s HDD and CDD statistics are based on weather in Albuquerque, New Mexico. TNMP’s HDD and CDD statistics are based on data from Waco, Houston, Wink, Dallas and Fort Worth, Texas and Alamogordo and Deming, New Mexico. HDD and CDD statistics for First Choice are based on data from Waco, Houston, Wink, Dallas and Fort Worth, Texas.

Weather - Cycle-Weighted HDD and CDD:

 
Month Ended
  
Five Months Ended
  
 
May 31,
  
May 31,
  
 
2006
  
2005
  
2006
  
2005
  
PNM
                
                 
HDD
88
  
188
  
2,550
  
2,732
  
                 
CDD
80
  
55
  
84
  
56
  
                 
TNMP
               
HDD
5
  
29
  
1,024
  
1,187
  
                 
CDD
304
  
201
  
537
  
324
  
                 
First Choice
               
HDD
2
  
23
  
957
  
1,111
  
                 
CDD
319
  
210
  
573
  
345
  

In addition, the Company is furnishing corrected weather data for the months of April 2006 and April 2005 and the four months ended April 30, 2006 and April 30, 2005. In the Company’s Current Report dated May 18, 2006, the PNM weather statistics reported were not cycle-weighted.

Weather - Cycle-Weighted HDD and CDD:

 
Month Ended
  
Four Months Ended
  
 
April 30,
  
April 30,
  
 
2006
  
2005
  
2006
  
2005
  
PNM
                
                 
HDD
362
  
461
  
2,462
  
2,544
  
                 
CDD
4
  
1
  
4
  
1
  



3

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.

 
PNM RESOURCES, INC.
 
PUBLIC SERVICE COMPANY OF NEW MEXICO
 
TEXAS-NEW MEXICO POWER COMPANY
 
(Registrants)
   
   
Date: June 21, 2006
/s/ Thomas G. Sategna
 
Thomas G. Sategna
 
Vice President and Corporate Controller
 
(Officer duly authorized to sign this report)

4