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 events reported)       June 16, 2004
                                                        -----------------------
                                                             (May 31, 2004)
                                                        -----------------------



 Commission    Name of Registrants, State of Incorporation,    I.R.S. Employer
File Number    Address and Telephone Number                   Identification No.
-----------    --------------------------------------------   ------------------

 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



                         ------------------------------

              (Former name, former address and former fiscal year,
                          if changed since last report)






Item  9.   Regulation FD Disclosure

The Company is filing in this Form 8-K select Comparative Operating Statistics
for the months of May 2004 and 2003 and the five months ended May 2004 and 2003
to provide investors with key monthly business indicators. Readers of this 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 reporting on Form 10-K and Form 10-Q, respectively, for a discussion of
actual results of operations and any significant trends.

                      PNM Resources, Inc. and Subsidiaries
                        Comparative Operating Statistics

                                           Month Ended       Five Months Ended
                                              May 31,             May 31,
                                       ------------------- --------------------
                                          2004      2003      2004       2003
                                       --------- --------- ---------  ---------
Electric Service:

Energy Sales - MWh (in thousands)
     Retail                                 605       598     2,945      2,819
     Wholesale
        Long Term Sales                     244       189     1,178        926
        Forward Sales                       352       328     1,192      1,265
        Short Term Sales                    654       451     2,734      2,254
                                       --------- --------- ---------  ---------

        Total Wholesale Sales             1,250       968     5,104      4,445
                                       --------- --------- ---------  ---------

        Total Energy Sales                1,855     1,566     8,049      7,264
                                       ========= ========= =========  =========



Weather:

Heating and Cooling Days - Albuquerque, NM

The heating degree day value (HDD) is the accumulation in degrees that the daily
mean temperature was below 65 degrees F. The cooling degree day value (CDD) is
the accumulation in degrees that the daily mean temperature was above 65 degrees
F.

        HDD                                  29        51     2,302      2,162
                                       ========= ========= =========  =========

        CDD                                 130       141       133        141
                                       ========= ========= =========  =========



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SIGNATURES
----------

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have 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
                                   ---------------------------------------------
                                                   (Registrants)


Date:  June 16, 2004                           /s/ Thomas G. Sategna
                                   ---------------------------------------------
                                                 Thomas G. Sategna
                                      Vice President and Corporate Controller
                                   (Officer duly authorized to sign this report)


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