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)        July 12, 2002
                                                    ---------------------------
                                                          June 30, 2002
                                                    ---------------------------



                               PNM RESOURCES, INC.
                               -------------------
             (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  9.   Regulation FD Disclosure

The Company is filing in this Form 8-K select Comparative Operating Statistics
for the months of June 2002 and 2001 and the six months ended June 30, 2002 and
2001 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      Six Months Ended
                                            June 30,          June 30,
                                     -------------------- -------------------
                                        2002      2001       2002      2001
                                     ---------- --------- --------- ---------
Electric Service:

Energy Sales - MWh (in thousands)
     Retail                                661       627     3,565     3,490
     Wholesale
         Firm Sales                         51        46       288       276
         Firm Surplus                        6        57       220       571
         Short Term / Uncommitted          730       944     4,263     5,462
                                     ---------- --------- --------- ---------

         Total Wholesale Sales             787     1,047     4,771     6,309
                                     ---------- --------- --------- ---------

         Total Energy Sales              1,448     1,674     8,336     9,799
                                     ========== ========= ========= =========

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                               0          0
                                     ========= ==========

          CDD                             431        369
                                     ========= ==========


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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:  July 12, 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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