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)   January 24, 2002
                                                            ------------------
                                                            (January 23, 2002)
                                                            ------------------



                               PNM RESOURCES, INC.
                               -------------------
                    (Formerly known as Manzano Corporation)
             (Exact name of registrant as specified in its charter)


           New Mexico                Commission                  85-0468296
----------------------------    File Number 333-32170    -----------------------
(State or Other Jurisdiction                ---------        (I.R.S. Employer
      of Incorporation)                                  Identification) Number)



             Alvarado Square, Albuquerque, New Mexico    87158
             ----------------------------------------    -----
             (Address of principal executive offices)  (Zip Code)



                                 (505) 241-2700
                                 --------------
              (Registrant's telephone number, including area code)

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





Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits

(c)      Exhibits

99.1     Quarter Ended December 31, 2001 Earnings Announcement, Unaudited
         Consolidated Statement of Earnings - Three and Twelve Months Ended
         December 31, 2001, Unaudited Consolidated Balance Sheets and Unaudited
         Consolidated Statement of Cash Flows.

Item 9.    Regulation FD Disclosure

The Company is filing as exhibit to this Form 8-K its Quarter Ended December 31,
2001 Earnings Announcement, Unaudited Consolidated Statement of Earnings,
Unaudited Consolidated Balance Sheets and Unaudited Consolidated Statement of
Cash Flows.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements made in this news release that relate to future events are made
pursuant to the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based upon current expectations and the company
assumes no obligation to update this information. Because actual results may
differ materially from expectations, the company cautions readers not to place
undue reliance on these statements. A number of factors, including weather, fuel
costs, changes in supply and demand in the market for electric power, the
performance of generating units and transmission system and uncertainties
relating to PNM's litigation with Western Resources and related costs, and state
and federal regulatory and legislative decisions and actions, including the
wholesale electric power pricing mitigation plan ordered by the Federal Energy
Regulatory Commission (FERC) on June 18, 2001, rulings issued by the New Mexico
Public Regulation Commission (NMPRC) pursuant to the Electric Utility Industry
Restructuring Act of 1999, as amended, and in other cases now pending or which
may be brought before the FERC or NMPRC could cause PNM operating revenues and
earnings to differ from results forecast in this news release. For a detailed
discussion of the important factors affecting PNM Resources, please see
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" in the Company's Form 10-K for the year ended December 31, 2000,
Form 10-Q for the quarter ended September 30, 2001 and Form 8-K filings with the
Securities and Exchange Commission.


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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.
                                   ---------------------------------------------
                                                   (Registrant)


Date:  January 24, 2002                          /s/ John R. Loyack
                                   ---------------------------------------------
                                                   John R. Loyack
                                        Vice President, Corporate Controller
                                            and Chief Accounting Officer
                                   (Officer duly authorized to sign this report)


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