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) September 26, 2002
---------------------------
(September 25, 2002)
---------------------------
PNM RESOURCES, INC.
-------------------
(Exact name of registrant as specified in its charter)
New Mexico 85-0468296
---------------------------- Commission -----------------------
(State or Other Jurisdiction File Number 333-32170 (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 5. Other Events
The following is a press release issued by the Company on September 25, 2002.
PNM RESOURCES, WESTAR ENERGY DROP LAWSUIT
Albuquerque, New Mexico and Topeka, Kansas: PNM Resources (NYSE:PNM), and Westar
Energy, Inc. (NYSE: WR), today announced that litigation between them,
concerning their November 2000 agreements for combining their electric utilities
businesses, has been settled. Each side has agreed to release all of its claims
and potential claims in connection with the transaction in exchange for a
release from the other party of all of its claims and potential claims in
connection with the transaction.
PNM Resources is an energy holding company based in Albuquerque, New Mexico. Its
principal subsidiary is Public Service Company of New Mexico, which serves more
than 441,000 gas customers and 378,000 electric customers in New Mexico. The
company also sells power on the wholesale market in the Western U.S.
Westar Energy is a consumer services company with interests in monitored
services and energy. The company has total assets of approximately $7 billion,
including security company holdings through ownership of Protection One, Inc.
(NYSE: POI) and Protection One Europe, which have more than 1.2 million security
customers. Westar Energy is the largest electric utility in Kansas providing
service to about 645,000 customers in the state. Westar Energy has nearly 6,000
megawatts of electric generation capacity and operates and coordinates more than
34,7000 miles of electric distribution and transmission lines. Through its
ownership in ONEOK, Inc. (NYSE: OKE), a Tulsa, Okla.-based natural gas company,
Westar Energy has a 44.7 percent interest in one of the largest natural gas
distribution companies in the nation, serving more than 1.4 million customers.
2
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: September 26, 2002 /s/ John R. Loyack
---------------------------------------------
John R. Loyack
Vice President and Chief Accounting Officer
(Officer duly authorized to sign this report)
3