UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITES EXCHANGE ACT OF 1934
Date of Report (Date of earliest events reported) June 10, 2002
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June 7, 2002
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Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
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333-32170 PNM Resources, Inc. 85-0468296
(A New Mexico Corporation)
Alvarado Square
Albuquerque, New Mexico 87158
(505) 241-2700
1-6986 Public Service Company of New Mexico 85-0019030
(A New Mexico Corporation)
Alvarado Square
Albuquerque, New Mexico 87158
(505) 241-2700
Alvarado Square, Albuquerque, New Mexico 87158
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(Address of principal executive offices) (Zip Code)
(505) 241-2700
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(Registrant's telephone number, including area code)
______________________________
(Former name, former address and former fiscal year, if changed since last
report)
Item 4. Changes in Registrant's Certifying Accountant.
On June 7, 2002, the Board of Directors of PNM Resources, Inc. ("PNM
Resources"), upon recommendation of the Audit & Ethics Committee, dismissed
Arthur Andersen LLP ("Arthur Andersen") as independent public accountants for
PNM Resources and its affiliates, including Public Service Company of New
Mexico. The Board selected Deloitte and Touche, LLP ("Deloitte and Touche") to
serve as independent public accountants for the fiscal year 2002.
Arthur Andersen's reports on PNM Resources, Inc. and Public Service Company of
New Mexico (collectively, "the Companies") consolidated financial statements for
each of the years ended December 31, 2001 and 2000 did not contain an adverse
opinion or disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope or accounting principles.
During the years ended December 31, 2001 and 2000 and through the filing date of
this Current Report on Form 8-K, there were no disagreements with Arthur
Andersen on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure which, if not resolved to
Arthur Andersen's satisfaction, would have caused them to make reference to the
subject matter in connection with their report on the Companies' consolidated
financial statements for those years. There were no reportable events as defined
in Item 304(a)(1)(v) of Regulation S-K.
PNM Resources has provided Arthur Andersen with a copy of the foregoing
disclosures and requested that Arthur Andersen provide the required letter
pursuant to Item 304(a)(3) stating its agreement with the above statements. PNM
Resources will file the letter with the Securities and Exchange Commission upon
its receipt.
During the years ended December 31, 2001 and 2000 and through the filing date of
this Current Report on Form 8-K, neither PNM Resources nor any of its affiliates
consulted Deloitte and Touche with respect to the application of accounting
principles to a specified transaction, either completed or proposed, or the type
of audit opinion that might be rendered on the consolidated financial
statements, or any other matters or reportable events as set forth in Items
304(a)(2)(i) and (ii) of Regulation S-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PNM RESOURCES, INC. AND
PUBLIC SERVICE COMPANY OF NEW MEXICO
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(Registrant)
Date: June 10, 2002 /s/ John R. Loyack
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John R. Loyack
Vice President, Corporate Controller
and Chief Accounting Officer
(Officer duly authorized to sign this report)
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